Mettler-Toledo International, Inc. (MTD) Given Average Rating of “Buy” by Brokerages
Shares of Mettler-Toledo International, Inc. (NYSE:MTD) have been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $591.00.
A number of equities research analysts have recently weighed in on MTD shares. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $705.00 price target on the stock in a research note on Thursday, September 14th. Wells Fargo & Company upgraded Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating and set a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Bank of America Corporation lifted their target price on Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Finally, BidaskClub downgraded Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st.
In other Mettler-Toledo International news, Director Thomas P. Salice sold 890 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $611.00, for a total value of $543,790.00. Following the completion of the transaction, the director now directly owns 62,437 shares of the company’s stock, valued at $38,149,007. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William P. Donnelly sold 2,845 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total value of $1,641,337.40. Following the completion of the transaction, the insider now directly owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The disclosure for this sale can be found here. Insiders sold 27,356 shares of company stock valued at $16,150,829 over the last three months. 5.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Aperio Group LLC lifted its holdings in Mettler-Toledo International by 6.2% in the third quarter. Aperio Group LLC now owns 18,744 shares of the medical instruments supplier’s stock valued at $11,737,000 after acquiring an additional 1,101 shares during the period. First Trust Advisors LP raised its stake in shares of Mettler-Toledo International by 41.5% during the 3rd quarter. First Trust Advisors LP now owns 66,605 shares of the medical instruments supplier’s stock worth $41,705,000 after buying an additional 19,540 shares during the period. WESPAC Advisors LLC acquired a new position in shares of Mettler-Toledo International during the 3rd quarter worth approximately $693,000. APG Asset Management N.V. raised its stake in shares of Mettler-Toledo International by 888.1% during the 3rd quarter. APG Asset Management N.V. now owns 60,502 shares of the medical instruments supplier’s stock worth $37,884,000 after buying an additional 54,379 shares during the period. Finally, Oakbrook Investments LLC acquired a new position in shares of Mettler-Toledo International during the 3rd quarter worth approximately $1,565,000. 93.14% of the stock is owned by institutional investors.
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Mettler-Toledo International (NYSE MTD) traded down 0.59% during trading on Wednesday, reaching $665.43. 116,350 shares of the company’s stock traded hands. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 40.92 and a beta of 1.11. The company has a 50 day moving average of $640.64 and a 200 day moving average of $588.20. Mettler-Toledo International has a one year low of $395.61 and a one year high of $672.69.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The business had revenue of $653.70 million for the quarter, compared to analyst estimates of $646.68 million. During the same quarter in the previous year, the firm earned $3.22 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Mettler-Toledo International will post $17.38 EPS for the current year.
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.
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