Equities researchers at Evercore ISI started coverage on shares of Mettler-Toledo International (NYSE:MTD) in a report issued on Wednesday. The brokerage set an “in-line” rating and a $625.00 price target on the medical instruments supplier’s stock. Evercore ISI’s price objective suggests a potential downside of 1.04% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Goldman Sachs Group restated a “buy” rating and issued a $690.00 price objective on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Morgan Stanley restated an “equal weight” rating and issued a $535.00 price objective (down from $565.00) on shares of Mettler-Toledo International in a report on Friday, October 6th. Bank of America boosted their price objective on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Finally, Jefferies Group restated a “hold” rating and issued a $600.00 price objective on shares of Mettler-Toledo International in a report on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $621.78.

Shares of Mettler-Toledo International (NYSE MTD) traded up $5.44 during trading hours on Wednesday, reaching $631.54. 145,600 shares of the company traded hands, compared to its average volume of 136,200. The stock has a market capitalization of $16,040.00, a PE ratio of 38.32, a P/E/G ratio of 2.52 and a beta of 1.09. Mettler-Toledo International has a 12 month low of $408.97 and a 12 month high of $694.48. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, beating the consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The company had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. During the same quarter in the previous year, the company earned $3.89 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts anticipate that Mettler-Toledo International will post 17.52 earnings per share for the current year.

In other Mettler-Toledo International news, Director Richard D. Francis bought 160 shares of Mettler-Toledo International stock in a transaction dated Friday, November 17th. The shares were purchased at an average cost of $627.91 per share, with a total value of $100,465.60. Following the transaction, the director now directly owns 254 shares of the company’s stock, valued at $159,489.14. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 226 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $629.36, for a total transaction of $142,235.36. Following the completion of the sale, the chief financial officer now directly owns 5,299 shares in the company, valued at $3,334,978.64. The disclosure for this sale can be found here. Insiders sold a total of 39,969 shares of company stock valued at $25,242,999 over the last 90 days. Company insiders own 5.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC grew its position in Mettler-Toledo International by 2,585.7% during the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock valued at $111,000 after purchasing an additional 181 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at about $118,000. Steward Partners Investment Advisory LLC purchased a new stake in Mettler-Toledo International during the 3rd quarter valued at about $125,000. Quantbot Technologies LP purchased a new stake in Mettler-Toledo International during the 3rd quarter valued at about $193,000. Finally, Pacad Investment Ltd. bought a new position in Mettler-Toledo International during the 2nd quarter valued at about $235,000. 91.57% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Mettler-Toledo International (NYSE:MTD)

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