Mettler-Toledo International (NYSE:MTD – Get Free Report) announced its quarterly earnings results on Thursday. The medical instruments supplier reported $10.21 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.21, reports. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company had revenue of $954.54 million for the quarter, compared to analysts’ expectations of $941.93 million.
Mettler-Toledo International Price Performance
Shares of MTD opened at $1,310.03 on Friday. The firm has a market capitalization of $27.80 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 4.09 and a beta of 1.16. The company has a 50-day moving average of $1,398.01 and a 200 day moving average of $1,400.25. Mettler-Toledo International has a 1-year low of $953.28 and a 1-year high of $1,546.93.
Insider Transactions at Mettler-Toledo International
In related news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.94% of the company’s stock.
Institutional Trading of Mettler-Toledo International
Wall Street Analyst Weigh In
Several analysts have recently issued reports on MTD shares. Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Stifel Nicolaus boosted 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. Finally, Evercore ISI raised their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,363.75.
Get Our Latest Stock Report on Mettler-Toledo International
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.
See Also
- Five stocks we like better than Mettler-Toledo International
- What is the Nikkei 225 index?
- California Resources Stock Could Be a Huge Long-Term Winner
- How to Use the MarketBeat Dividend Calculator
- Observability Wars: Datadog and Dynatrace Vie for Data Dominance
- CD Calculator: Certificate of Deposit Calculator
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.