Mettler-Toledo International Inc. (NYSE:MTD) Receives $1,356.25 Consensus Price Target from Analysts

Mettler-Toledo International Inc. (NYSE:MTD) has been assigned a consensus recommendation of “Reduce” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $1,356.25.

Several analysts recently issued reports on MTD shares. 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 report on Tuesday, July 9th. Evercore ISI raised 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 report on Tuesday, July 2nd. Stifel Nicolaus raised their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Finally, JPMorgan Chase & Co. raised their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th.

Mettler-Toledo International Trading Up 0.8 %

Shares of NYSE MTD opened at $1,393.91 on Thursday. The company has a market cap of $29.77 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 3.70 and a beta of 1.14. Mettler-Toledo International has a 12-month low of $928.49 and a 12-month high of $1,546.93. The stock’s 50 day simple moving average is $1,402.90 and its 200 day simple moving average is $1,372.83.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.65. The business had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $10.19 EPS. As a group, equities analysts forecast that Mettler-Toledo International will post 40.35 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Several large investors have recently modified their holdings of MTD. Eisler Capital UK Ltd. bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $770,000. Daiwa Securities Group Inc. boosted its position in Mettler-Toledo International by 36.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier’s stock valued at $3,570,000 after buying an additional 719 shares during the last quarter. Capital International Investors boosted its position in Mettler-Toledo International by 3.0% in the 4th quarter. Capital International Investors now owns 933,989 shares of the medical instruments supplier’s stock valued at $1,132,891,000 after buying an additional 27,386 shares during the last quarter. Norden Group LLC boosted its position in Mettler-Toledo International by 2,701.7% in the 1st quarter. Norden Group LLC now owns 6,640 shares of the medical instruments supplier’s stock valued at $8,840,000 after buying an additional 6,403 shares during the last quarter. Finally, Parkman Healthcare Partners LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at $9,097,000. 95.07% of the stock is currently owned by institutional investors.

About Mettler-Toledo International

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.