Stifel Nicolaus Boosts Mettler-Toledo International (NYSE:MTD) Price Target to $1,550.00

Mettler-Toledo International (NYSE:MTD) had its price target hoisted by Stifel Nicolaus from $1,510.00 to $1,550.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the medical instruments supplier’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup upped their price objective on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a sell rating in a research note on Monday, May 13th. StockNews.com raised Mettler-Toledo International from a hold rating to a buy rating in a research note on Thursday, July 11th. Evercore ISI boosted their target price on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an in-line rating in a research note on Tuesday, July 2nd. The Goldman Sachs Group raised their price target on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a neutral rating in a research report on Tuesday, July 9th. Finally, Robert W. Baird boosted their price objective on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a neutral rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $1,343.75.

Mettler-Toledo International Stock Down 1.8 %

NYSE MTD opened at $1,357.95 on Monday. The stock’s 50-day simple moving average is $1,408.89 and its two-hundred day simple moving average is $1,331.78. Mettler-Toledo International has a twelve month low of $928.49 and a twelve month high of $1,546.93. The company has a market capitalization of $29.00 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 4.06 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating the consensus estimate of $9.00 by $0.65. The firm had revenue of $946.75 million for the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a negative return on equity of 590.80% and a net margin of 20.95%. The company’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $10.19 EPS. On average, equities analysts expect that Mettler-Toledo International will post 40.13 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,160,041.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerry Keller sold 310 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total value of $468,583.60. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $9,069.36. The disclosure for this sale can be found here. Insiders sold a total of 3,278 shares of company stock worth $4,871,849 over the last quarter. 1.94% of the stock is owned by corporate insiders.

Institutional Trading of Mettler-Toledo International

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its holdings in Mettler-Toledo International by 25.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,676 shares of the medical instruments supplier’s stock worth $2,033,000 after purchasing an additional 340 shares during the period. DAVENPORT & Co LLC purchased a new position in Mettler-Toledo International during the fourth quarter valued at $997,000. Trust Point Inc. purchased a new position in Mettler-Toledo International during the fourth quarter valued at $224,000. Allworth Financial LP grew its stake in shares of Mettler-Toledo International by 100.0% in the fourth quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Mettler-Toledo International by 109,458.1% in the fourth quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock worth $82,392,000 after acquiring an additional 67,864 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.