Mettler-Toledo International, Inc. (NYSE:MTD) – Jefferies Group upped their Q3 2017 earnings estimates for Mettler-Toledo International in a research report issued to clients and investors on Friday. Jefferies Group analyst B. Couillard now expects that the medical instruments supplier will post earnings of $4.30 per share for the quarter, up from their prior estimate of $4.29. Jefferies Group currently has a “Hold” rating and a $600.00 target price on the stock. Jefferies Group also issued estimates for Mettler-Toledo International’s Q4 2017 earnings at $5.85 EPS, FY2017 earnings at $17.40 EPS, Q2 2018 earnings at $4.69 EPS, Q3 2018 earnings at $4.97 EPS, Q4 2018 earnings at $5.71 EPS and FY2018 earnings at $19.55 EPS.

Several other analysts also recently issued reports 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 research note on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $690.00 price target on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Bank of America Corporation upped their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $535.00 price target (down previously from $565.00) on shares of Mettler-Toledo International in a research note on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Mettler-Toledo International has a consensus rating of “Buy” and an average target price of $611.00.

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Shares of Mettler-Toledo International (NYSE MTD) opened at 668.72 on Monday. The company’s 50 day moving average price is $636.21 and its 200 day moving average price is $583.39. The stock has a market capitalization of $17.16 billion, a P/E ratio of 41.12 and a beta of 1.11. Mettler-Toledo International has a one year low of $395.61 and a one year high of $670.46.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating the consensus estimate of $3.89 by $0.03. The business had revenue of $653.70 million for the quarter, compared to the consensus estimate of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $3.22 EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Mettler-Toledo International by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,621,389 shares of the medical instruments supplier’s stock worth $1,542,792,000 after purchasing an additional 74,156 shares during the last quarter. BlackRock Inc. lifted its position in shares of Mettler-Toledo International by 6.4% during the 2nd quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock worth $1,094,791,000 after purchasing an additional 112,029 shares during the last quarter. Koch Industries Inc. lifted its position in shares of Mettler-Toledo International by 96,281.2% during the 2nd quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after purchasing an additional 696,113 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Mettler-Toledo International by 4.9% during the 2nd quarter. Baillie Gifford & Co. now owns 671,210 shares of the medical instruments supplier’s stock worth $395,033,000 after purchasing an additional 31,597 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Mettler-Toledo International by 10.2% during the 2nd quarter. Fiera Capital Corp now owns 642,431 shares of the medical instruments supplier’s stock worth $378,096,000 after purchasing an additional 59,513 shares during the last quarter. 93.08% of the stock is owned by institutional investors and hedge funds.

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 transaction of $86,700.00. Following the completion of the transaction, the insider now owns 920 shares of the company’s stock, valued at approximately $531,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William P. Donnelly sold 2,845 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total value of $1,641,337.40. Following the transaction, the insider now directly owns 2,345 shares of the company’s stock, valued at approximately $1,352,877.40. The disclosure for this sale can be found here. Insiders have sold a total of 27,356 shares of company stock valued at $16,150,829 in the last three months. 5.20% of the stock is owned by insiders.

Mettler-Toledo International Company Profile

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.

Earnings History and Estimates for Mettler-Toledo International (NYSE:MTD)

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