Mettler-Toledo International, Inc. (NYSE:MTD) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $483.00.

Several research firms recently weighed in on MTD. Wells Fargo & Company raised shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. BidaskClub raised shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $664.00 price objective on the stock in a research note on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating and set a $550.00 price objective on shares of Mettler-Toledo International in a research note on Tuesday, June 20th. Finally, Bank of America Corporation lifted their price objective on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a research note on Wednesday, May 31st.

In other Mettler-Toledo International news, insider William P. Donnelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $546.18, for a total transaction of $2,730,900.00. Following the sale, the insider now directly owns 3,000 shares in the company, valued at approximately $1,638,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Vadala sold 700 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $543.64, for a total transaction of $380,548.00. Following the sale, the chief financial officer now owns 6,225 shares in the company, valued at $3,384,159. The disclosure for this sale can be found here. Insiders have sold a total of 52,046 shares of company stock worth $28,826,702 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. FMR LLC increased its stake in Mettler-Toledo International by 0.4% in the first quarter. FMR LLC now owns 2,765,423 shares of the medical instruments supplier’s stock worth $1,324,389,000 after buying an additional 9,729 shares during the period. Vanguard Group Inc. increased its stake in Mettler-Toledo International by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,547,233 shares of the medical instruments supplier’s stock worth $1,219,895,000 after buying an additional 17,242 shares during the period. BlackRock Inc. increased its stake in Mettler-Toledo International by 1,735.6% in the first quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock worth $837,207,000 after buying an additional 1,652,915 shares during the period. State Street Corp increased its stake in Mettler-Toledo International by 2.4% in the first quarter. State Street Corp now owns 1,155,191 shares of the medical instruments supplier’s stock worth $553,237,000 after buying an additional 26,930 shares during the period. Finally, Baillie Gifford & Co. increased its stake in Mettler-Toledo International by 1.5% in the first quarter. Baillie Gifford & Co. now owns 639,613 shares of the medical instruments supplier’s stock worth $306,317,000 after buying an additional 9,219 shares during the period. Hedge funds and other institutional investors own 95.31% of the company’s stock.

Mettler-Toledo International (NYSE:MTD) traded up 0.82% during midday trading on Monday, hitting $609.72. 231,960 shares of the stock were exchanged. Mettler-Toledo International has a one year low of $380.35 and a one year high of $612.94. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 39.78 and a beta of 1.14. The company has a 50 day moving average price of $582.56 and a 200 day moving average price of $494.11.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 4th. The medical instruments supplier reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.26. Mettler-Toledo International had a net margin of 16.04% and a return on equity of 90.28%. The business had revenue of $594.57 million for the quarter, compared to analyst estimates of $571.30 million. During the same quarter last year, the firm earned $2.46 EPS. Mettler-Toledo International’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts anticipate that Mettler-Toledo International will post $17.22 EPS for the current year.

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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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