Mettler-Toledo International Inc. (NYSE:MTD) Receives $1,380.50 Consensus Target Price from Analysts

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have received an average rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $1,380.50.

A number of brokerages have issued reports on MTD. Wells Fargo & Company raised their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Citigroup reduced their price objective on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Wolfe Research started coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Evercore ISI lifted their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Finally, Robert W. Baird lifted their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th.

Insider Buying and Selling

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

Institutional Investors Weigh In On Mettler-Toledo International

Several hedge funds and other institutional investors have recently bought and sold shares of MTD. Norges Bank purchased a new stake in Mettler-Toledo International during the 4th quarter worth approximately $372,954,000. Proficio Capital Partners LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at approximately $163,216,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Mettler-Toledo International by 36.1% in the 4th 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 acquiring an additional 96,300 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Mettler-Toledo International by 53.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier’s stock valued at $262,211,000 after acquiring an additional 74,187 shares during the last quarter. Finally, Seilern Investment Management Ltd bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at approximately $89,221,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Down 2.1 %

Shares of NYSE:MTD opened at $1,216.92 on Thursday. The stock’s 50-day moving average price is $1,295.55 and its two-hundred day moving average price is $1,320.34. Mettler-Toledo International has a 12-month low of $1,142.91 and a 12-month high of $1,546.93. The firm has a market cap of $25.45 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 3.30 and a beta of 1.15.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. As a group, research analysts forecast that Mettler-Toledo International will post 42.71 earnings per share for the current fiscal 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.