Mettler-Toledo International, Inc. (NYSE:MTD) – Analysts at Jefferies Group lowered their Q1 2018 earnings per share estimates for Mettler-Toledo International in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Couillard now expects that the medical instruments supplier will earn $3.60 per share for the quarter, down from their prior estimate of $4.18. Jefferies Group currently has a “Hold” rating and a $600.00 target price on the stock. Jefferies Group also issued estimates for Mettler-Toledo International’s Q2 2018 earnings at $4.50 EPS, Q4 2018 earnings at $6.52 EPS and FY2019 earnings at $21.34 EPS.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.32 by $0.04. The business had revenue of $698.80 million for the quarter, compared to the consensus estimate of $685.56 million. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.89 EPS.

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Several other brokerages also recently issued reports on MTD. Bank of America Corporation upped their price target on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Morgan Stanley upped their target price on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Robert W. Baird upped their target price on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 target price on the stock in a research report on Thursday, September 21st. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $690.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $621.57.

Mettler-Toledo International (MTD) opened at $622.66 on Monday. The stock has a market cap of $15,927.09, a PE ratio of 36.84, a P/E/G ratio of 2.84 and a beta of 1.13. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. Mettler-Toledo International has a 52-week low of $407.87 and a 52-week high of $694.48.

A number of hedge funds and other institutional investors have recently bought and sold shares of MTD. Koch Industries Inc. increased its stake in Mettler-Toledo International by 96,281.2% during the 2nd quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after purchasing an additional 696,113 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Mettler-Toledo International by 5,926.9% during the 2nd quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after acquiring an additional 199,560 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Mettler-Toledo International by 253.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock worth $118,377,000 after acquiring an additional 144,245 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $71,233,000. Finally, BlackRock Inc. grew its stake in shares of Mettler-Toledo International by 6.4% during the 2nd quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock worth $1,094,791,000 after acquiring an additional 112,029 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

In related news, Director Robert F. Spoerry sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $590.78, for a total transaction of $2,953,900.00. Following the completion of the sale, the director now directly owns 8,287 shares of the company’s stock, valued at approximately $4,895,793.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 750 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $590.00, for a total value of $442,500.00. Following the sale, the insider now directly owns 750 shares of the company’s stock, valued at $442,500. The disclosure for this sale can be found here. Insiders sold a total of 20,065 shares of company stock worth $12,128,286 over the last quarter. 5.20% of the stock is currently owned by corporate insiders.

About Mettler-Toledo International

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Earnings History and Estimates for Mettler-Toledo International (NYSE:MTD)

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