Robert W. Baird Cuts Mettler-Toledo International (NYSE:MTD) Price Target to $1,310.00

Mettler-Toledo International (NYSE:MTD) had its price objective decreased by Robert W. Baird from $1,375.00 to $1,310.00 in a research note published on Monday,Benzinga reports. Robert W. Baird currently has a neutral rating on the medical instruments supplier’s stock.

Several other equities research analysts also recently issued reports on MTD. JPMorgan Chase & Co. raised their price objective on shares of 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. Stifel Nicolaus raised their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price for the company. Finally, Evercore ISI raised their target price 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 analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,338.75.

Mettler-Toledo International Trading Down 0.2 %

Shares of Mettler-Toledo International stock opened at $1,258.66 on Monday. The company’s fifty day simple moving average is $1,391.49 and its 200-day simple moving average is $1,402.80. The company has a market cap of $26.56 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 4.16 and a beta of 1.16. Mettler-Toledo International has a 1 year low of $1,029.01 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data 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. The business had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, research analysts forecast that Mettler-Toledo International will post 40.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the transaction, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.94% of the company’s stock.

Institutional Trading of Mettler-Toledo International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Family Firm Inc. acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at $25,000. Blue Trust Inc. increased its position in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Mettler-Toledo International in the third quarter worth about $37,000. Rothschild Investment LLC acquired a new stake in Mettler-Toledo International in the second quarter worth about $42,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Mettler-Toledo International in the second quarter worth about $42,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

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.