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

Several analysts have weighed in on the company. Zacks Investment Research cut Mettler-Toledo International from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. Citigroup Inc. cut Mettler-Toledo International from a “buy” rating to a “neutral” rating and raised their price objective for the company from $382.00 to $400.00 in a report on Thursday, June 23rd. Goldman Sachs Group Inc. raised their price objective on Mettler-Toledo International to $348.00 in a report on Wednesday, March 23rd. Morgan Stanley reissued a “hold” rating on shares of Mettler-Toledo International in a report on Sunday, May 8th. Finally, Robert W. Baird reissued a “hold” rating on shares of Mettler-Toledo International in a report on Friday, May 6th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $353.00.

The stock has a 50-day moving average of $373.18 and a 200-day moving average of $346.27. The company has a market cap of $10.30 billion and a price-to-earnings ratio of 30.25.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, May 5th. The company reported $2.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.02. The company had revenue of $539.70 million for the quarter, compared to the consensus estimate of $534.05 million. During the same period in the prior year, the firm posted $2.25 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts predict that Mettler-Toledo International Inc. will post $14.32 earnings per share for the current year.

In other news, Director Thomas P. Salice sold 3,000 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $361.11, for a total value of $1,083,330.00. Following the completion of the transaction, the director now owns 37,078 shares of the company’s stock, valued at $13,389,236.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP William P. Donnelly sold 10,783 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $369.85, for a total value of $3,988,092.55. Following the completion of the transaction, the executive vice president now directly owns 3,000 shares of the company’s stock, valued at approximately $1,109,550. The disclosure for this sale can be found here.

Other institutional investors have added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in 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 worth $1,260,000 after buying an additional 210 shares during the period. Principal Financial Group Inc. raised its position in Mettler-Toledo International by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 88,024 shares of the company’s stock worth $29,851,000 after buying an additional 1,796 shares during the period. Bank of Montreal Can raised its position in Mettler-Toledo International by 20.0% in the fourth quarter. Bank of Montreal Can now owns 49,352 shares of the company’s stock worth $16,736,000 after buying an additional 8,239 shares during the period. Norinchukin Bank The raised its position in Mettler-Toledo International by 57.9% in the fourth quarter. Norinchukin Bank The now owns 22,893 shares of the company’s stock worth $7,764,000 after buying an additional 8,393 shares during the period. Finally, Morgan Stanley raised its position 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 period.

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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