Mettler-Toledo International, Inc. (MTD) Receives $606.67 Consensus PT from Brokerages
Shares of Mettler-Toledo International, Inc. (NYSE:MTD) have been assigned an average recommendation of “Buy” from the ten brokerages that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $606.67.
MTD has been the topic of a number of research reports. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Morgan Stanley boosted their price objective on 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 boosted their price objective on Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Jefferies Group LLC restated a “hold” rating and set a $600.00 price objective on shares of Mettler-Toledo International in a research report on Friday, October 20th. Finally, Bank of America Corporation boosted their price objective on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a research report on Monday, October 9th.
In related news, insider Christian Magloth sold 750 shares of the business’s stock in a transaction 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 owns 750 shares of the company’s stock, valued at approximately $442,500. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Waldemar Rauch sold 2,203 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $594.27, for a total value of $1,309,176.81. Following the completion of the sale, the insider now directly owns 7,771 shares in the company, valued at approximately $4,618,072.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,591 shares of company stock worth $27,262,591. 5.20% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in MTD. NN Investment Partners Holdings N.V. boosted its stake in Mettler-Toledo International by 643.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,458 shares of the medical instruments supplier’s stock worth $858,000 after purchasing an additional 1,262 shares in the last quarter. Creative Planning boosted its stake in Mettler-Toledo International by 14.0% in the second quarter. Creative Planning now owns 1,312 shares of the medical instruments supplier’s stock worth $772,000 after purchasing an additional 161 shares in the last quarter. Aperio Group LLC boosted its stake in Mettler-Toledo International by 20.7% in the second quarter. Aperio Group LLC now owns 17,643 shares of the medical instruments supplier’s stock worth $10,384,000 after purchasing an additional 3,028 shares in the last quarter. Murphy Capital Management Inc. acquired a new position in Mettler-Toledo International in the second quarter worth $235,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Mettler-Toledo International in the second quarter worth $2,536,000. 93.38% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Mettler-Toledo International (NYSE MTD) traded down $4.30 during midday trading on Friday, reaching $627.62. The company’s stock had a trading volume of 94,800 shares, compared to its average volume of 157,917. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. The company has a market cap of $16,163.96, a P/E ratio of 37.39, a P/E/G ratio of 2.89 and a beta of 1.13. Mettler-Toledo International has a 52 week low of $407.87 and a 52 week high of $694.48.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.32 by $0.04. The company had revenue of $698.80 million for the quarter, compared to the consensus estimate of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.89 EPS. sell-side analysts expect that Mettler-Toledo International will post 17.52 earnings per share for the current year.
Mettler-Toledo International Company Profile
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.
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