Morgan Stanley reissued their equal weight rating on shares of Mettler-Toledo International, Inc. (NYSE:MTD) in a report released on Saturday morning. They currently have a $565.00 price objective on the medical instruments supplier’s stock, up from their prior price objective of $533.00.
Other equities analysts have also issued research reports about the company. Cleveland Research upgraded Mettler-Toledo International from a neutral rating to a buy rating in a research note on Wednesday, April 19th. Zacks Investment Research upgraded Mettler-Toledo International from a hold rating to a buy rating and set a $538.00 price target on the stock in a research note on Wednesday, April 12th. Bank of America Corporation raised their price target on Mettler-Toledo International from $590.00 to $630.00 and gave the company a buy rating in a research note on Wednesday, May 31st. BidaskClub lowered Mettler-Toledo International from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC restated a hold rating and set a $550.00 price target on shares of Mettler-Toledo International in a research note on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Mettler-Toledo International has a consensus rating of Buy and an average target price of $523.43.
Mettler-Toledo International (NYSE:MTD) opened at 614.99 on Friday. The firm’s 50-day moving average is $595.58 and its 200-day moving average is $515.26. The stock has a market capitalization of $15.88 billion, a P/E ratio of 40.12 and a beta of 1.14. Mettler-Toledo International has a 12 month low of $383.71 and a 12 month high of $616.57.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 4th. The medical instruments supplier reported $3.34 EPS for the quarter, beating the consensus estimate of $3.08 by $0.26. The firm had revenue of $594.57 million for the quarter, compared to analyst estimates of $571.30 million. Mettler-Toledo International had a return on equity of 90.28% and a net margin of 16.04%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 earnings per share. On average, equities analysts expect that Mettler-Toledo International will post $17.26 earnings per share for the current fiscal year.
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In other Mettler-Toledo International news, insider Waldemar Rauch sold 1,100 shares of Mettler-Toledo International stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $595.91, for a total value of $655,501.00. Following the transaction, the insider now owns 3,065 shares in the company, valued at $1,826,464.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francis A. Contino sold 725 shares of Mettler-Toledo International stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $546.00, for a total value of $395,850.00. Following the completion of the transaction, the director now owns 2,234 shares in the company, valued at approximately $1,219,764. The disclosure for this sale can be found here. Insiders sold 52,046 shares of company stock worth $28,826,702 in the last quarter. 5.20% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of MTD. Israel Discount Bank of New York bought a new position in Mettler-Toledo International during the first quarter valued at about $102,000. YorkBridge Wealth Partners LLC raised its position in Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock valued at $115,000 after buying an additional 22 shares during the period. TLP Group LLC bought a new position in Mettler-Toledo International during the first quarter valued at about $144,000. Penserra Capital Management LLC raised its position in Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock valued at $198,000 after buying an additional 36 shares during the period. Finally, Fernwood Investment Management LLC bought a new position in Mettler-Toledo International during the first quarter valued at about $204,000. Institutional investors own 95.42% of the company’s stock.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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