Mettler-Toledo International Inc. (NYSE:MTD) Given Average Rating of “Hold” by Brokerages

Shares of Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $1,450.71.

MTD has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,525.00 and gave the stock a “neutral” rating in a report on Monday, February 13th. StockNews.com initiated coverage on shares of Mettler-Toledo International in a report on Thursday. They set a “buy” rating for the company. TheStreet raised shares of Mettler-Toledo International from a “c+” rating to a “b-” rating in a report on Thursday, February 2nd. JPMorgan Chase & Co. raised shares of Mettler-Toledo International from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $1,100.00 to $1,350.00 in a report on Monday, December 19th. Finally, Wells Fargo & Company lifted their target price on shares of Mettler-Toledo International from $1,650.00 to $1,675.00 and gave the stock an “overweight” rating in a report on Monday, February 13th.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 474 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $1,540.69, for a total value of $730,287.06. Following the sale, the insider now directly owns 449 shares of the company’s stock, valued at approximately $691,769.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Olivier A. Filliol sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $1,433.61, for a total value of $14,336,100.00. Following the sale, the director now directly owns 71 shares of the company’s stock, valued at approximately $101,786.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerry Keller sold 474 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $1,540.69, for a total transaction of $730,287.06. Following the completion of the sale, the insider now directly owns 449 shares in the company, valued at $691,769.81. The disclosure for this sale can be found here. Insiders have sold a total of 18,022 shares of company stock valued at $26,391,416 over the last three months. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Mettler-Toledo International by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,543,808 shares of the medical instruments supplier’s stock worth $2,757,793,000 after buying an additional 9,778 shares in the last quarter. BlackRock Inc. lifted its position in Mettler-Toledo International by 2.1% during the 3rd quarter. BlackRock Inc. now owns 2,124,634 shares of the medical instruments supplier’s stock worth $2,303,358,000 after buying an additional 42,805 shares in the last quarter. FMR LLC lifted its position in Mettler-Toledo International by 18.0% during the 2nd quarter. FMR LLC now owns 790,953 shares of the medical instruments supplier’s stock worth $908,622,000 after buying an additional 120,718 shares in the last quarter. Fiera Capital Corp lifted its position in Mettler-Toledo International by 0.4% during the 2nd quarter. Fiera Capital Corp now owns 563,657 shares of the medical instruments supplier’s stock worth $647,513,000 after buying an additional 2,432 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Mettler-Toledo International by 15.1% during the 4th quarter. Alliancebernstein L.P. now owns 532,108 shares of the medical instruments supplier’s stock worth $769,136,000 after buying an additional 69,852 shares in the last quarter. 91.94% of the stock is owned by institutional investors.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,455.11 on Friday. The company has a debt-to-equity ratio of 76.98, a current ratio of 1.20 and a quick ratio of 0.81. The firm has a market cap of $32.17 billion, a P/E ratio of 37.83, a P/E/G ratio of 2.36 and a beta of 1.18. The firm has a 50 day simple moving average of $1,509.60 and a 200 day simple moving average of $1,381.01. Mettler-Toledo International has a fifty-two week low of $1,065.55 and a fifty-two week high of $1,609.25.

Mettler-Toledo International (NYSE:MTD – Get Rating) last issued its quarterly earnings results on Friday, February 10th. The medical instruments supplier reported $12.10 earnings per share for the quarter, beating analysts’ consensus estimates of $11.63 by $0.47. Mettler-Toledo International had a net margin of 22.26% and a return on equity of 10,609.85%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $10.53 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 2.0% compared to the same quarter last year. Sell-side analysts predict that Mettler-Toledo International will post 44 earnings per share for the current fiscal year.

About Mettler-Toledo International

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Mettler-Toledo International, Inc engages in the provision of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.