Mettler-Toledo International (MTD) Upgraded to “Buy” at Citigroup

Mettler-Toledo International (NYSE:MTD) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a report issued on Friday, Marketbeat reports. The brokerage currently has a $692.00 price target on the medical instruments supplier’s stock, up from their previous price target of $685.00. Citigroup’s price target points to a potential upside of 15.26% from the company’s current price.

MTD has been the subject of several other reports. Jefferies Group reiterated a “hold” rating and set a $600.00 price objective on shares of Mettler-Toledo International in a research note on Friday, October 20th. Barclays initiated coverage on shares of Mettler-Toledo International in a research note on Thursday, January 4th. They set an “equal weight” rating and a $625.00 price objective for the company. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Robert W. Baird upped their target price on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Morgan Stanley upped their target price on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $651.44.

Mettler-Toledo International (NYSE:MTD) traded down $0.63 on Friday, reaching $600.37. 413,202 shares of the company’s stock traded hands, compared to its average volume of 157,435. 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 has a 12 month low of $460.00 and a 12 month high of $697.26. The stock has a market capitalization of $15,373.05, a P/E ratio of 42.16, a P/E/G ratio of 2.40 and a beta of 1.08.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.04. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 98.33%. The company had revenue of $778.03 million during the quarter, compared to the consensus estimate of $764.26 million. During the same period in the previous year, the firm earned $5.28 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 9.6% on a year-over-year basis. equities research analysts anticipate that Mettler-Toledo International will post 19.95 EPS for the current year.

In other news, Director Richard D. Francis bought 160 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of $627.91 per share, for a total transaction of $100,465.60. Following the completion of the purchase, the director now owns 254 shares of the company’s stock, valued at $159,489.14. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 226 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $629.36, for a total transaction of $142,235.36. Following the completion of the transaction, the chief financial officer now owns 5,299 shares of the company’s stock, valued at $3,334,978.64. The disclosure for this sale can be found here. Insiders sold 36,585 shares of company stock valued at $23,083,195 over the last 90 days. Insiders own 5.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Suntrust Banks Inc. raised its holdings in Mettler-Toledo International by 16.9% in the fourth quarter. Suntrust Banks Inc. now owns 922 shares of the medical instruments supplier’s stock valued at $570,000 after acquiring an additional 133 shares in the last quarter. Citizens Financial Group Inc RI raised its holdings in Mettler-Toledo International by 2.5% in the fourth quarter. Citizens Financial Group Inc RI now owns 10,304 shares of the medical instruments supplier’s stock valued at $6,383,000 after acquiring an additional 256 shares in the last quarter. Citadel Advisors LLC raised its holdings in Mettler-Toledo International by 625.9% in the fourth quarter. Citadel Advisors LLC now owns 3,085 shares of the medical instruments supplier’s stock valued at $1,911,000 after acquiring an additional 2,660 shares in the last quarter. Ontario Teachers Pension Plan Board raised its holdings in Mettler-Toledo International by 57.2% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 16,370 shares of the medical instruments supplier’s stock valued at $10,142,000 after acquiring an additional 5,955 shares in the last quarter. Finally, American International Group Inc. raised its holdings in Mettler-Toledo International by 11.6% in the fourth quarter. American International Group Inc. now owns 8,543 shares of the medical instruments supplier’s stock valued at $5,293,000 after acquiring an additional 890 shares in the last quarter. 91.93% of the stock is currently owned by hedge funds and other 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.

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