Mettler-Toledo International Inc. (NYSE:MTD) Receives $1,338.60 Consensus Price Target from Analysts

Shares of Mettler-Toledo International Inc. (NYSE:MTDGet Rating) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $1,338.60.

Several analysts have weighed in on MTD shares. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,369.00 to $1,406.00 and gave the stock a “neutral” rating in a research report on Monday, August 1st. UBS Group started coverage on shares of Mettler-Toledo International in a research report on Wednesday, July 20th. They set a “neutral” rating and a $1,237.00 target price on the stock. The Goldman Sachs Group dropped their target price on shares of Mettler-Toledo International from $1,280.00 to $1,140.00 and set a “sell” rating on the stock in a research report on Thursday, July 14th. Stifel Nicolaus raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a report on Tuesday, September 6th. Finally, TheStreet downgraded shares of Mettler-Toledo International from a “b” rating to a “c+” rating in a report on Thursday, July 28th.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $1,351.03, for a total transaction of $2,026,545.00. Following the completion of the transaction, the insider now directly owns 438 shares in the company, valued at $591,751.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mettler-Toledo International news, Director Olivier A. Filliol sold 374 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $1,314.05, for a total transaction of $491,454.70. Following the completion of the transaction, the director now owns 30 shares of the company’s stock, valued at $39,421.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christian Magloth sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $1,351.03, for a total transaction of $2,026,545.00. Following the completion of the transaction, the insider now directly owns 438 shares of the company’s stock, valued at approximately $591,751.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,440 shares of company stock valued at $27,465,861. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Mettler-Toledo International

Several hedge funds have recently added to or reduced their stakes in MTD. Rockbridge Investment Management LCC acquired a new stake in Mettler-Toledo International during the fourth quarter worth approximately $25,000. Bartlett & Co. LLC acquired a new stake in Mettler-Toledo International during the second quarter worth approximately $25,000. Allworth Financial LP acquired a new stake in Mettler-Toledo International during the second quarter worth approximately $29,000. SeaCrest Wealth Management LLC acquired a new stake in Mettler-Toledo International during the second quarter worth approximately $48,000. Finally, Glassman Wealth Services raised its holdings in Mettler-Toledo International by 57.9% during the fourth quarter. Glassman Wealth Services now owns 30 shares of the medical instruments supplier’s stock worth $51,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.

Mettler-Toledo International Trading Down 2.1 %

NYSE MTD opened at $1,135.53 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.18 and a debt-to-equity ratio of 250.82. The firm has a market cap of $25.56 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.88 and a beta of 1.14. The company has a 50 day moving average price of $1,268.48 and a 200 day moving average price of $1,270.32. Mettler-Toledo International has a 52 week low of $1,082.78 and a 52 week high of $1,714.75.

Mettler-Toledo International (NYSE:MTDGet Rating) last posted its quarterly earnings data on Friday, July 29th. The medical instruments supplier reported $9.39 EPS for the quarter, topping the consensus estimate of $8.78 by $0.61. The firm had revenue of $978.39 million during the quarter, compared to analyst estimates of $951.81 million. Mettler-Toledo International had a net margin of 21.23% and a return on equity of 799.34%. Mettler-Toledo International’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.10 EPS. As a group, sell-side analysts forecast that Mettler-Toledo International will post 38.99 EPS for the current fiscal year.

About Mettler-Toledo International

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Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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