Mettler-Toledo International (NYSE:MTD) Sets New 52-Week Low – What’s Next?

Mettler-Toledo International Inc. (NYSE:MTD) reached a new 52-week low on Monday . The company traded as low as $1,141.46 and last traded at $1,150.79, with a volume of 6686 shares trading hands. The stock had previously closed at $1,177.09.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MTD. Citigroup dropped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Evercore ISI upped their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Robert W. Baird lifted their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,380.50.

Mettler-Toledo International Stock Performance

The stock has a market cap of $24.04 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 3.30 and a beta of 1.15. The firm’s 50-day simple moving average is $1,278.13 and its two-hundred day simple moving average is $1,299.95.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Gerry Keller sold 600 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the transaction, the insider now directly owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International 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 sale, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. This represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mettler-Toledo International

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $372,954,000. Proficio Capital Partners LLC acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $163,216,000. T. Rowe Price Investment Management Inc. increased its stake in Mettler-Toledo International by 36.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier’s stock valued at $444,327,000 after purchasing an additional 96,300 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Mettler-Toledo International by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier’s stock worth $262,211,000 after purchasing an additional 74,187 shares in the last quarter. Finally, Seilern Investment Management Ltd acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $89,221,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

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.