Stifel Nicolaus Has Lowered Expectations for Mettler-Toledo International (NYSE:MTD) Stock Price

Mettler-Toledo International (NYSE:MTD) had its target price reduced by Stifel Nicolaus from $1,550.00 to $1,450.00 in a report issued on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the medical instruments supplier’s stock.

MTD has been the subject of a number of other reports. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Wells Fargo & Company reduced their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Monday. Robert W. Baird reduced their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,338.75.

Mettler-Toledo International Stock Performance

NYSE:MTD traded up $15.03 during trading hours on Monday, reaching $1,265.10. The company’s stock had a trading volume of 7,308 shares, compared to its average volume of 133,577. The firm has a 50-day simple moving average of $1,394.23 and a 200-day simple moving average of $1,402.64. Mettler-Toledo International has a 1 year low of $1,015.29 and a 1 year high of $1,546.93. The firm has a market capitalization of $26.84 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 3.83 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 532.25% and a net margin of 21.15%. The business had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Equities analysts anticipate that Mettler-Toledo International will post 40.34 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Mettler-Toledo International

Several large investors have recently modified their holdings of the stock. Family Firm Inc. purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at $25,000. Blue Trust Inc. increased its holdings in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after buying an additional 17 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International during the 3rd quarter valued at about $37,000. Rothschild Investment LLC purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at about $42,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Mettler-Toledo International in the second quarter worth approximately $42,000. Hedge funds and other institutional investors 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.