Mettler-Toledo International Inc. (NYSE:MTD) Receives Average Rating of “Moderate Buy” from Brokerages

Mettler-Toledo International Inc. (NYSE:MTDGet Rating) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $1,338.60.

A number of research firms have recently commented on MTD. UBS Group began coverage on Mettler-Toledo International in a research note on Wednesday, July 20th. They issued a “neutral” rating and a $1,237.00 price objective on the stock. Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,369.00 to $1,406.00 and gave the company a “neutral” rating in a report on Monday, August 1st. Stifel Nicolaus raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a research note on Tuesday, September 6th. TheStreet lowered shares of Mettler-Toledo International from a “b” rating to a “c+” rating in a research note on Thursday, July 28th. Finally, The Goldman Sachs Group decreased their price target on shares of Mettler-Toledo International from $1,280.00 to $1,140.00 and set a “sell” rating on the stock in a research report on Thursday, July 14th.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,198.50 on Friday. The stock has a market cap of $26.98 billion, a P/E ratio of 33.77, a P/E/G ratio of 3.06 and a beta of 1.14. The firm’s 50-day simple moving average is $1,269.60 and its 200 day simple moving average is $1,276.24. Mettler-Toledo International has a fifty-two week low of $1,082.78 and a fifty-two week high of $1,714.75. The company has a quick ratio of 0.77, a current ratio of 1.18 and a debt-to-equity ratio of 250.82.

Mettler-Toledo International (NYSE:MTDGet Rating) last issued its quarterly earnings results on Friday, July 29th. The medical instruments supplier reported $9.39 earnings per share for the quarter, topping analysts’ consensus estimates of $8.78 by $0.61. Mettler-Toledo International had a net margin of 21.23% and a return on equity of 799.34%. The company had revenue of $978.39 million during the quarter, compared to analyst estimates of $951.81 million. During the same period in the prior year, the business posted $8.10 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts expect that Mettler-Toledo International will post 38.99 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In related news, Director Robert F. Spoerry sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $1,365.00, for a total value of $1,365,000.00. Following the completion of the sale, the director now owns 6,412 shares in the company, valued at approximately $8,752,380. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Mettler-Toledo International news, Director Wah-Hui Chu sold 37 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $1,346.64, for a total transaction of $49,825.68. Following the transaction, the director now owns 4,290 shares of the company’s stock, valued at approximately $5,777,085.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert F. Spoerry sold 1,000 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $1,365.00, for a total value of $1,365,000.00. Following the completion of the transaction, the director now owns 6,412 shares in the company, valued at approximately $8,752,380. The disclosure for this sale can be found here. Insiders have sold a total of 20,440 shares of company stock valued at $27,465,861 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MTD. Rafferty Asset Management LLC increased its stake in shares of Mettler-Toledo International by 4.9% in the fourth quarter. Rafferty Asset Management LLC now owns 773 shares of the medical instruments supplier’s stock worth $1,312,000 after acquiring an additional 36 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Mettler-Toledo International by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 122,547 shares of the medical instruments supplier’s stock valued at $207,988,000 after buying an additional 3,733 shares during the last quarter. PEAK6 Investments LLC grew its stake in shares of Mettler-Toledo International by 338.4% in the 4th quarter. PEAK6 Investments LLC now owns 2,205 shares of the medical instruments supplier’s stock valued at $3,743,000 after buying an additional 1,702 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Mettler-Toledo International by 3.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,678 shares of the medical instruments supplier’s stock worth $2,848,000 after buying an additional 49 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Mettler-Toledo International by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 467,100 shares of the medical instruments supplier’s stock valued at $791,240,000 after acquiring an additional 10,276 shares in the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.

About Mettler-Toledo International

(Get Rating)

Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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Analyst Recommendations for Mettler-Toledo International (NYSE:MTD)

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