Mettler-Toledo International (MTD) PT Raised to $630.00
Mettler-Toledo International (NYSE:MTD) had its price objective upped by Deutsche Bank from $600.00 to $630.00 in a report issued on Thursday morning. Deutsche Bank currently has a hold rating on the medical instruments supplier’s stock.
A number of other equities analysts also recently commented on MTD. Robert W. Baird decreased their price target on Mettler-Toledo International from $675.00 to $630.00 and set a neutral rating for the company in a research note on Friday, February 9th. Morgan Stanley lifted their target price on Mettler-Toledo International from $550.00 to $580.00 and gave the company an equal weight rating in a research note on Friday, February 9th. Zacks Investment Research downgraded Mettler-Toledo International from a buy rating to a hold rating in a research note on Tuesday, November 7th. Citigroup upgraded Mettler-Toledo International from a neutral rating to a buy rating and lifted their target price for the company from $685.00 to $692.00 in a research note on Friday, February 9th. Finally, Evercore ISI began coverage on Mettler-Toledo International in a research note on Wednesday, January 3rd. They issued an in-line rating and a $625.00 target price for the company. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Mettler-Toledo International currently has an average rating of Hold and a consensus price target of $649.30.
Mettler-Toledo International (MTD) opened at $593.26 on Thursday. The company has a market capitalization of $15,180.00, a PE ratio of 34.92, a P/E/G ratio of 2.45 and a beta of 1.14. Mettler-Toledo International has a 52 week low of $471.14 and a 52 week high of $697.26. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 1.75.
In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $605.20, for a total value of $181,560.00. Following the completion of the transaction, the chief financial officer now directly owns 5,599 shares in the company, valued at $3,388,514.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider La Guerroniere Marc De sold 3,000 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $640.00, for a total value of $1,920,000.00. Following the sale, the insider now directly owns 3,000 shares in the company, valued at approximately $1,920,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,700 shares of company stock valued at $13,525,432. 5.20% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. USA Mutuals Advisors Inc. bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $101,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Mettler-Toledo International during the third quarter valued at approximately $125,000. Quantbot Technologies LP bought a new stake in shares of Mettler-Toledo International during the third quarter valued at approximately $193,000. Lourd Capital LLC bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $211,000. Finally, Quadrant Private Wealth Management LLC bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $232,000. 91.20% of the stock is currently owned by institutional investors.
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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.
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