Mettler-Toledo International Inc. (NYSE:MTD) Given Consensus Rating of “Reduce” by Analysts

Mettler-Toledo International Inc. (NYSE:MTD) has received a consensus rating of “Reduce” from the eight brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $1,356.25.

MTD has been the topic of a number of analyst reports. Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Stifel Nicolaus increased their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a report on Monday, August 5th. Evercore ISI raised their target price on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. Finally, Wells Fargo & Company assumed coverage on Mettler-Toledo International in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 price target for the company.

Insider Activity

In related news, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Mettler-Toledo International

A number of large investors have recently made changes to their positions in MTD. Rise Advisors LLC acquired a new position in Mettler-Toledo International during the first quarter worth about $25,000. Family Firm Inc. acquired a new position in Mettler-Toledo International during the second quarter worth $25,000. Spartan Planning & Wealth Management purchased a new stake in Mettler-Toledo International during the fourth quarter worth $27,000. Bellevue Group AG purchased a new stake in Mettler-Toledo International during the fourth quarter worth $30,000. Finally, Mather Group LLC. acquired a new stake in Mettler-Toledo International in the first quarter valued at $32,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

MTD opened at $1,402.69 on Thursday. The stock has a market capitalization of $29.96 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 3.70 and a beta of 1.14. The business has a fifty day moving average price of $1,406.00 and a 200 day moving average price of $1,373.84. Mettler-Toledo International has a 12 month low of $928.49 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, topping analysts’ consensus estimates of $9.00 by $0.65. The firm had revenue of $946.75 million for the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.19 earnings per share. On average, research analysts anticipate that Mettler-Toledo International will post 40.35 earnings per share for the current year.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.