Mettler-Toledo International Inc. (MTD) Reaches New 1-Year High at $391.24
Shares of Mettler-Toledo International Inc. (NYSE:MTD) hit a new 52-week high during trading on Wednesday . The company traded as high as $391.24 and last traded at $390.11, with a volume of 56,315 shares traded. The stock had previously closed at $387.98.
A number of brokerages recently commented on MTD. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $431.00 price target on the stock in a report on Friday, July 22nd. Citigroup Inc. lowered Mettler-Toledo International from a “buy” rating to a “neutral” rating and boosted their target price for the company from $382.00 to $400.00 in a research note on Thursday, June 23rd. Morgan Stanley restated a “hold” rating on shares of Mettler-Toledo International in a research note on Sunday, May 8th. Finally, Robert W. Baird restated a “hold” rating on shares of Mettler-Toledo International in a research note on Friday, May 6th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $353.86.
The firm has a market capitalization of $10.86 billion and a price-to-earnings ratio of 31.89. The company has a 50-day moving average of $376.17 and a 200-day moving average of $349.88.
Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, July 28th. The company reported $3.22 EPS for the quarter, beating the consensus estimate of $3.13 by $0.09. During the same quarter in the prior year, the business posted $2.80 earnings per share. The business had revenue of $608.28 million for the quarter, compared to analysts’ expectations of $598.20 million. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts predict that Mettler-Toledo International Inc. will post $14.32 EPS for the current year.
In other Mettler-Toledo International news, Director Robert F. Spoerry sold 5,000 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $365.24, for a total transaction of $1,826,200.00. Following the sale, the director now directly owns 10,397 shares in the company, valued at approximately $3,797,400.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas P. Salice sold 3,000 shares of the 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 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 institutional investors have recently added to or reduced their stakes in MTD. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted 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 valued at $1,260,000 after buying an additional 210 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in 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 during the last quarter. US Bancorp DE boosted its position in 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 during the last quarter. KBC Group NV boosted its position in Mettler-Toledo International by 34.1% in the fourth quarter. KBC Group NV now owns 12,241 shares of the company’s stock valued at $4,152,000 after buying an additional 3,110 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in Mettler-Toledo International by 24.9% in the fourth quarter. BlackRock Advisors LLC now owns 34,359 shares of the company’s stock valued at $11,652,000 after buying an additional 6,848 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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