Mettler-Toledo International, Inc. (NYSE:MTD) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $19.65-19.85 for the period, compared to the Thomson Reuters consensus estimate of $19.72. Mettler-Toledo International also updated its Q4 guidance to $5.90 EPS.

Several research analysts have issued reports on the company. BidaskClub upgraded Mettler-Toledo International from a hold rating to a buy rating in a research report on Monday, August 14th. Zacks Investment Research upgraded Mettler-Toledo International from a hold rating to a buy rating and set a $711.00 target price for the company in a research report on Thursday, September 21st. Bank of America Corporation boosted their target price on Mettler-Toledo International from $640.00 to $710.00 and gave the company a buy rating in a research report on Monday, October 9th. Morgan Stanley restated an equal weight rating and set a $535.00 target price (down previously from $565.00) on shares of Mettler-Toledo International in a research report on Friday, October 6th. Finally, Jefferies Group LLC restated a hold rating and set a $550.00 target price on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $611.00.

In other news, insider Christian Magloth sold 750 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $590.00, for a total transaction of $442,500.00. Following the sale, the insider now directly owns 750 shares of the company’s stock, valued at approximately $442,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas P. Salice sold 890 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $611.00, for a total transaction of $543,790.00. Following the sale, the director now directly owns 62,437 shares in the company, valued at $38,149,007. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,511 shares of company stock worth $14,509,492. Corporate insiders own 5.20% of the company’s stock.

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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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