Mettler-Toledo International, Inc. (NYSE:MTD) has earned an average recommendation of “Buy” from the ten analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $606.67.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Goldman Sachs Group reaffirmed a “buy” rating and set a $690.00 target price on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $535.00 target price (down from $565.00) on shares of Mettler-Toledo International in a research note on Friday, October 6th. Bank of America lifted their target price on shares of 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, Jefferies Group reaffirmed a “hold” rating and set a $600.00 target price on shares of Mettler-Toledo International in a research note on Friday, October 20th.
Shares of Mettler-Toledo International (NYSE MTD) traded up $3.54 during mid-day trading on Thursday, reaching $629.93. 196,768 shares of the company’s stock were exchanged, compared to its average volume of 155,967. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05. Mettler-Toledo International has a one year low of $408.97 and a one year high of $694.48. The stock has a market capitalization of $16,110.00, a P/E ratio of 36.98, a PEG ratio of 2.85 and a beta of 1.09.
In other news, insider William P. Donnelly sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $630.02, for a total value of $6,300,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William P. Donnelly sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $632.14, for a total transaction of $3,160,700.00. Following the completion of the sale, the executive vice president now directly owns 6,000 shares in the company, valued at $3,792,840. The disclosure for this sale can be found here. Insiders sold a total of 39,969 shares of company stock worth $25,242,999 over the last three months. Insiders own 5.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in MTD. Canada Pension Plan Investment Board raised its stake in shares of Mettler-Toledo International by 66,357.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,627 shares of the medical instruments supplier’s stock valued at $7,431,000 after acquiring an additional 12,608 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Mettler-Toledo International by 5.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 118,707 shares of the medical instruments supplier’s stock valued at $69,864,000 after purchasing an additional 6,213 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Mettler-Toledo International by 45.3% in the second quarter. First Trust Advisors LP now owns 47,065 shares of the medical instruments supplier’s stock valued at $27,700,000 after purchasing an additional 14,682 shares in the last quarter. Conning Inc. acquired a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $206,000. Finally, Dupont Capital Management Corp grew its holdings in shares of Mettler-Toledo International by 28.2% in the second quarter. Dupont Capital Management Corp now owns 473 shares of the medical instruments supplier’s stock valued at $278,000 after purchasing an additional 104 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.
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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.
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