Mettler-Toledo International Inc. (MTD) Receives Average Rating of “Hold” from Analysts

Mettler-Toledo International Inc. (MTD) Receives Average Rating of “Hold” from Analysts

Mettler-Toledo International Inc. (NYSE:MTD) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $445.60.

A number of research analysts have recently commented on MTD shares. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Friday, January 6th. Deutsche Bank AG restated a “hold” rating and set a $420.00 price target on shares of Mettler-Toledo International in a research note on Wednesday, January 18th. Finally, Cleveland Research upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 19th.

Shares of Mettler-Toledo International (NYSE:MTD) traded up 4.78% during trading on Monday, hitting $544.14. 419,533 shares of the stock traded hands. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 38.27 and a beta of 1.14. Mettler-Toledo International has a 52-week low of $343.61 and a 52-week high of $566.49. The stock has a 50 day moving average of $490.25 and a 200 day moving average of $448.56.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 4th. The medical instruments supplier reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.26. Mettler-Toledo International had a return on equity of 81.17% and a net margin of 15.32%. The business had revenue of $594.57 million for the quarter, compared to the consensus estimate of $571.30 million. During the same quarter in the prior year, the business posted $2.46 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Mettler-Toledo International will post $16.72 EPS for the current year.

In other Mettler-Toledo International news, insider Oliver A. Filliol sold 15,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $464.30, for a total value of $6,964,500.00. Following the transaction, the insider now directly owns 31,279 shares in the company, valued at approximately $14,522,839.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Simon Kirk sold 218 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $484.00, for a total value of $105,512.00. The disclosure for this sale can be found here. Insiders have sold a total of 59,241 shares of company stock worth $27,469,474 in the last 90 days. 5.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MTD. Van ECK Associates Corp increased its position in shares of Mettler-Toledo International by 0.9% in the fourth quarter. Van ECK Associates Corp now owns 471 shares of the medical instruments supplier’s stock valued at $197,000 after buying an additional 4 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Mettler-Toledo International by 2.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 465 shares of the medical instruments supplier’s stock valued at $195,000 after buying an additional 9 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Mettler-Toledo International by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 700 shares of the medical instruments supplier’s stock valued at $313,000 after buying an additional 14 shares during the period. Wetherby Asset Management Inc. increased its position in shares of Mettler-Toledo International by 1.8% in the first quarter. Wetherby Asset Management Inc. now owns 803 shares of the medical instruments supplier’s stock valued at $385,000 after buying an additional 14 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in shares of Mettler-Toledo International by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 1,330 shares of the medical instruments supplier’s stock valued at $558,000 after buying an additional 19 shares during the period. Institutional investors own 96.91% of the company’s stock.

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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