Mettler-Toledo International Inc. (NYSE:MTD) shares gapped up before the market opened on Thursday . The stock had previously closed at $377.73, but opened at $379.43. Mettler-Toledo International shares last traded at $384.84, with a volume of 50,592 shares traded.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Morgan Stanley restated an “equal weight” rating and set a $333.00 price objective on shares of Mettler-Toledo International in a research report on Tuesday, March 29th. Robert W. Baird restated a “hold” rating on shares of Mettler-Toledo International in a research report on Friday, May 6th. Goldman Sachs Group Inc. boosted their price objective on Mettler-Toledo International to $348.00 in a research report on Wednesday, March 23rd. Finally, Citigroup Inc. cut Mettler-Toledo International from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $382.00 to $400.00 in a research report on Thursday, June 23rd. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $353.00.

The company has a market cap of $10.31 billion and a PE ratio of 30.25. The firm’s 50 day moving average price is $372.74 and its 200 day moving average price is $345.97.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 5th. The company reported $2.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.02. The business earned $539.70 million during the quarter, compared to analyst estimates of $534.05 million. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 earnings per share. On average, equities analysts anticipate that Mettler-Toledo International Inc. will post $14.31 EPS for the current fiscal year.

In other news, CEO Oliver A. Filliol sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $365.74, for a total value of $5,486,100.00. Following the completion of the sale, the chief executive officer now directly owns 19,979 shares of the company’s stock, valued at $7,307,119.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William P. Donnelly sold 10,783 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $369.85, for a total value of $3,988,092.55. Following the completion of the sale, the executive vice president now directly owns 3,000 shares of the company’s stock, valued at $1,109,550. The disclosure for this sale can be found here.

Several hedge funds have added to or reduced their stakes in the stock. Janus Capital Management boosted its stake in Mettler-Toledo International by 12.7% in the third quarter. Janus Capital Management now owns 523,872 shares of the company’s stock worth $149,167,000 after buying an additional 58,990 shares during the last quarter. Vanguard Group Inc. boosted its stake in Mettler-Toledo International by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,043,433 shares of the company’s stock worth $692,990,000 after buying an additional 36,619 shares during the last quarter. Schroder Investment Management Group boosted its stake in Mettler-Toledo International by 127.7% in the fourth quarter. Schroder Investment Management Group now owns 43,215 shares of the company’s stock worth $14,655,000 after buying an additional 24,232 shares during the last quarter. Morgan Stanley boosted its stake in Mettler-Toledo International by 59.3% in the fourth quarter. Morgan Stanley now owns 53,387 shares of the company’s stock worth $18,105,000 after buying an additional 19,871 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in Mettler-Toledo International by 57.9% in the fourth quarter. Norinchukin Bank The now owns 22,893 shares of the company’s stock valued at $7,764,000 after buying an additional 8,393 shares during 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.

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