Mettler-Toledo International, Inc. (NYSE:MTD) Receives Consensus Rating of “Hold” from Brokerages

Mettler-Toledo International, Inc. (NYSE:MTD) has received an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $1,446.3571.

Several brokerages have issued reports on MTD. UBS Group assumed coverage on shares of Mettler-Toledo International in a research report on Wednesday, September 9th. They set a “neutral” rating and a $1,460.00 target price for the company. Stifel Nicolaus lifted their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Rothschild & Co Redburn began coverage on shares of Mettler-Toledo International in a research report on Wednesday, September 2nd. They issued a “sell” rating and a $1,200.00 target price for the company. Jefferies Financial Group increased their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Barclays lifted their price target on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd.

Mettler-Toledo International Stock Up 0.0%

Mettler-Toledo International stock opened at $1,293.95 on Monday. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The stock has a market cap of $25.93 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. Mettler-Toledo International has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The firm’s 50-day simple moving average is $1,363.24 and its 200 day simple moving average is $1,271.71.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $10.09 earnings per share. Research analysts predict that Mettler-Toledo International will post 47.35 EPS for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas Salice sold 417 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the transaction, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. The trade was a 58.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Vadala sold 2,240 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the sale, the chief financial officer owned 5,579 shares of the company’s stock, valued at $7,989,128. This represents a 28.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,254 shares of company stock worth $6,092,712 in the last 90 days. 0.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Large investors have recently made changes to their positions in the business. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International in the first quarter worth $25,000. Reflection Asset Management purchased a new position in Mettler-Toledo International during the 4th quarter valued at $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International during the 2nd quarter valued at $26,000. Elyxium Wealth LLC bought a new position in Mettler-Toledo International in the 4th quarter worth $29,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the 2nd quarter worth about $32,000. 95.07% of the stock is currently owned by institutional investors.

About Mettler-Toledo International

Mettler-Toledo International Inc develops and manufactures precision instruments and related services for laboratory, industrial and retail applications. Its products include laboratory balances and scales, analytical instruments, pipettes, automated chemistry systems, titration and thermal analysis equipment, and process analytics solutions.

The company also provides industrial weighing and measurement systems, product inspection technologies such as metal detection, checkweighing and vision inspection, and software and services that support manufacturing, quality control and regulatory compliance.