Mettler-Toledo International Inc. (NYSE:MTD) Receives Average Rating of “Hold” from Analysts

Mettler-Toledo International Inc. (NYSE:MTD) has received an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1,296.13.

Several equities research analysts recently weighed in on the company. Jefferies Financial Group upgraded Mettler-Toledo International from an “underperform” rating to a “hold” rating and decreased their target price for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Wells Fargo & Company boosted their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Evercore ISI boosted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 target price for the company in a research note on Monday, April 7th. Finally, Robert W. Baird reduced their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd.

Mettler-Toledo International Price Performance

MTD stock opened at $1,159.20 on Tuesday. Mettler-Toledo International has a 1 year low of $946.69 and a 1 year high of $1,546.93. The firm has a market capitalization of $24.09 billion, a P/E ratio of 28.60, a P/E/G ratio of 3.30 and a beta of 1.40. The business’s 50-day moving average is $1,105.88 and its two-hundred day moving average is $1,216.32.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping the consensus estimate of $7.90 by $0.29. The firm had revenue of $883.74 million during the quarter, compared to analysts’ expectations of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.89 earnings per share. On average, analysts expect that Mettler-Toledo International will post 42.71 EPS for the current year.

Insider Activity

In related news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $964,248.46. This represents a 51.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.94% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Mettler-Toledo International by 42.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,722 shares of the medical instruments supplier’s stock worth $361,030,000 after acquiring an additional 90,395 shares during the period. Woodline Partners LP grew its holdings in Mettler-Toledo International by 20.5% in the first quarter. Woodline Partners LP now owns 15,464 shares of the medical instruments supplier’s stock valued at $18,262,000 after purchasing an additional 2,632 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in Mettler-Toledo International in the first quarter valued at $308,000. Ascent Group LLC acquired a new stake in Mettler-Toledo International in the first quarter valued at $344,000. Finally, United Services Automobile Association acquired a new stake in Mettler-Toledo International in the first quarter valued at $618,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

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.