Mettler-Toledo International Inc. (NYSE:MTD) gapped up prior to trading on Wednesday . The stock had previously closed at $383.79, but opened at $385.04. Mettler-Toledo International shares last traded at $389.46, with a volume of 25,570 shares.

A number of brokerages have weighed in on MTD. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $425.00 price objective on the stock in a report on Thursday, July 14th. Citigroup Inc. downgraded shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating and upped their target price for the stock from $382.00 to $400.00 in a research note on Thursday, June 23rd. Robert W. Baird reiterated a “hold” rating on shares of Mettler-Toledo International in a research note on Friday, May 6th. Morgan Stanley reiterated a “hold” rating on shares of Mettler-Toledo International in a research note on Sunday, May 8th. Finally, Goldman Sachs Group Inc. upped their target price on shares of Mettler-Toledo International to $348.00 in a research note on Wednesday, March 23rd. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $353.00.

The company has a market cap of $10.42 billion and a P/E ratio of 30.59. The firm’s 50-day moving average price is $374.29 and its 200 day moving average price is $347.21.

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

In other Mettler-Toledo International news, EVP William P. Donnelly sold 10,783 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 3,000 shares of the company’s stock, valued at approximately $1,109,550. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas P. Salice sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of 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.

Other institutional investors have made changes to their positions in the company. KBC Group NV raised its position in shares of Mettler-Toledo International by 34.1% in the fourth quarter. KBC Group NV now owns 12,241 shares of the company’s stock worth $4,152,000 after buying an additional 3,110 shares during the last quarter. Employees Retirement System of Texas raised its position in shares of Mettler-Toledo International by 4.9% in the fourth quarter. Employees Retirement System of Texas now owns 86,400 shares of the company’s stock worth $29,301,000 after buying an additional 4,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mettler-Toledo International by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 69,069 shares of the company’s stock worth $23,426,000 after buying an additional 2,409 shares during the last quarter. US Bancorp DE raised its position 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 worth $2,812,000 after buying an additional 544 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of 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.

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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