Mettler-Toledo International Inc. (MTD) Shares Gap Up to $366.75
Mettler-Toledo International Inc. (NYSE:MTD) gapped up prior to trading on Friday . The stock had previously closed at $363.80, but opened at $366.75. Mettler-Toledo International shares last traded at $372.16, with a volume of 40,338 shares changing hands.
Several equities research analysts have recently weighed in on the company. Morgan Stanley reiterated a “hold” rating on shares of Mettler-Toledo International in a research note on Sunday, May 8th. Goldman Sachs Group Inc. upped their price objective on Mettler-Toledo International to $348.00 in a research note on Wednesday, March 23rd. Robert W. Baird reiterated a “hold” rating on shares of Mettler-Toledo International in a research note on Friday, May 6th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Finally, Citigroup Inc. lowered Mettler-Toledo International from a “buy” rating to a “neutral” rating and upped their price objective for the company from $382.00 to $400.00 in a research note on Thursday, June 23rd. Eight investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $349.29.
The stock has a market cap of $9.98 billion and a PE ratio of 29.30. The stock has a 50-day moving average of $371.30 and a 200-day moving average of $344.85.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 5th. The company reported $2.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.02. During the same quarter last year, the business earned $2.25 earnings per share. The company had revenue of $539.70 million for the quarter, compared to analyst estimates of $534.05 million. The company’s revenue was up .7% on a year-over-year basis. On average, analysts expect that Mettler-Toledo International Inc. will post $14.31 earnings per share for the current year.
In other news, Director Wah-Hui Chu sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $384.00, for a total transaction of $384,000.00. Following the transaction, the director now directly owns 3,684 shares of the company’s stock, valued at $1,414,656. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas P. Salice sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $361.11, for a total transaction of $1,083,330.00. Following the transaction, the director now directly owns 37,078 shares in the company, valued at $13,389,236.58. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have made changes to their positions in MTD. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Mettler-Toledo International by 6.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 3,716 shares of the company’s stock valued at $1,260,000 after buying an additional 210 shares in the last quarter. Korea Investment CORP boosted its position in shares of Mettler-Toledo International by 52.3% in the fourth quarter. Korea Investment CORP now owns 6,700 shares of the company’s stock valued at $2,272,000 after buying an additional 2,300 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Mettler-Toledo International by 64.8% in the fourth quarter. Profund Advisors LLC now owns 4,139 shares of the company’s stock valued at $1,404,000 after buying an additional 1,627 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Mettler-Toledo International during the fourth quarter valued at approximately $1,677,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of Mettler-Toledo International by 11.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 17,552 shares of the company’s stock valued at $5,956,000 after buying an additional 1,828 shares in the last quarter.
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.