Mettler-Toledo International Inc. (NYSE:MTD) shares reached a new 52-week high during trading on Friday . The company traded as high as $387.77 and last traded at $385.28, with a volume of 21,099 shares trading hands. The stock had previously closed at $385.17.

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

The firm has a market cap of $10.32 billion and a P/E ratio of 30.30. The stock has a 50 day moving average of $372.74 and a 200-day moving average of $345.97.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 5th. The company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.02. The firm had revenue of $539.70 million for the quarter, compared to analysts’ expectations of $534.05 million. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.25 EPS. Equities analysts predict that Mettler-Toledo International Inc. will post $14.31 EPS for the current fiscal year.

In other Mettler-Toledo International news, Director Thomas P. Salice sold 3,000 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $361.11, for a total value of $1,083,330.00. Following the sale, the director now owns 37,078 shares in the company, valued at approximately $13,389,236.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Oliver A. Filliol sold 15,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $365.74, for a total transaction of $5,486,100.00. Following the completion of the sale, the chief executive officer now owns 19,979 shares in the company, valued at approximately $7,307,119.46. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the stock. Gulf International Bank UK Ltd boosted its stake in shares of Mettler-Toledo International by 0.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 8,058 shares of the company’s stock valued at $2,733,000 after buying an additional 40 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake 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. Swiss National Bank boosted its stake in shares of Mettler-Toledo International by 0.6% in the fourth quarter. Swiss National Bank now owns 50,100 shares of the company’s stock valued at $16,990,000 after buying an additional 300 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Mettler-Toledo International by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 85,009 shares of the company’s stock valued at $28,829,000 after buying an additional 400 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Mettler-Toledo International by 7.0% in the fourth quarter. US Bancorp DE now owns 8,293 shares of the company’s stock valued at $2,812,000 after buying an additional 544 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.

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