Morgan Stanley Reiterates “Equal Weight” Rating for Mettler-Toledo International, Inc. (MTD)

Mettler-Toledo International, Inc. (NYSE:MTD)‘s stock had its “equal weight” rating reissued by investment analysts at Morgan Stanley in a research report issued on Friday. They currently have a $535.00 target price on the medical instruments supplier’s stock, down from their previous target price of $565.00. Morgan Stanley’s price objective points to a potential downside of 17.15% from the company’s previous close.

A number of other equities analysts have also commented on MTD. BidaskClub upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $690.00 target price on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 target price on shares of Mettler-Toledo International in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $589.33.

Shares of Mettler-Toledo International (NYSE MTD) opened at 645.76 on Friday. The company has a 50-day moving average price of $616.52 and a 200 day moving average price of $570.40. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 39.71 and a beta of 1.11. Mettler-Toledo International has a 52 week low of $395.61 and a 52 week high of $647.97.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping the Zacks’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The firm had revenue of $653.70 million for the quarter, compared to analyst estimates of $646.68 million. During the same quarter last year, the company earned $3.22 EPS. The company’s revenue was up 7.5% on a year-over-year basis. Analysts expect that Mettler-Toledo International will post $17.33 EPS for the current fiscal year.

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In related news, insider Thomas Caratsch sold 150 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $578.00, for a total value of $86,700.00. Following the completion of the sale, the insider now directly owns 920 shares of the company’s stock, valued at approximately $531,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Donnelly sold 2,845 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total value of $1,641,337.40. Following the completion of the sale, the insider now directly owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,356 shares of company stock valued at $16,150,829. Corporate insiders own 5.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. First Personal Financial Services boosted its stake in Mettler-Toledo International by 2.8% during the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after purchasing an additional 5 shares during the last quarter. Sun Life Financial INC boosted its stake in Mettler-Toledo International by 2,585.7% during the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock valued at $111,000 after purchasing an additional 181 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $118,000. CAPROCK Group Inc. acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $205,000. Finally, Personal Capital Advisors Corp acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $206,000. 93.18% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Mettler-Toledo International (NYSE:MTD)

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