Mettler-Toledo International, Inc. (NYSE:MTD) Stock Has Consensus Price Target of $1,446.36

Mettler-Toledo International, Inc. (NYSE:MTD) has been given a consensus rating of “Hold” by the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $1,449.92.

A number of analysts have recently weighed in on MTD shares. Barclays increased their price objective on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Morgan Stanley upped their price target on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 8th. UBS Group initiated coverage on shares of Mettler-Toledo International in a report on Wednesday, September 9th. They issued a “neutral” rating and a $1,460.00 price target on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Monday, August 3rd.

Mettler-Toledo International Trading Down 0.4%

NYSE MTD opened at $1,534.95 on Friday. Mettler-Toledo International has a 1-year low of $1,023.05 and a 1-year high of $1,585.72. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The stock has a 50-day moving average of $1,416.38 and a 200-day moving average of $1,295.27. The firm has a market cap of $30.76 billion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 3.09 and a beta of 1.19.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.78 by $0.68. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.Mettler-Toledo International’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $10.09 EPS. As a group, sell-side analysts forecast that Mettler-Toledo International will post 47.35 EPS for the current year.

Insider Activity

In related news, Director Thomas Salice sold 417 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the sale, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shawn Vadala sold 2,240 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the transaction, the chief financial officer owned 5,579 shares in the company, valued at approximately $7,989,128. This represents a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 4,254 shares of company stock valued at $6,092,712. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Mettler-Toledo International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Reflection Asset Management purchased a new stake in Mettler-Toledo International in the fourth quarter worth $26,000. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International during the 1st quarter valued at $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International during the 2nd quarter valued at $26,000. Transamerica Financial Advisors LLC bought a new position in Mettler-Toledo International in the 2nd quarter worth $32,000. Finally, Root Financial Partners LLC raised its holdings in Mettler-Toledo International by 45.5% in the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer of precision instruments and related services used in laboratory, industrial, food processing, pharmaceutical and retail applications. The company’s solutions help customers measure, analyze, inspect and control materials and products throughout research, manufacturing and distribution processes.

Its product portfolio includes laboratory balances and scales, analytical instruments, automated chemistry systems, titrators, density and refractometry equipment, process analytics, industrial weighing systems, product inspection technologies and retail weighing and labeling solutions.