Mettler-Toledo International (MTD) Given New $568.00 Price Target at Morgan Stanley

Mettler-Toledo International (NYSE:MTD) had its target price lowered by Morgan Stanley from $595.00 to $568.00 in a research note published on Wednesday morning. The firm currently has an equal weight rating on the medical instruments supplier’s stock.

A number of other research firms also recently weighed in on MTD. Citigroup upgraded shares of Mettler-Toledo International from a neutral rating to a buy rating and raised their price target for the company from $685.00 to $692.00 in a research note on Friday, February 9th. Robert W. Baird reduced their price target on shares of Mettler-Toledo International from $675.00 to $630.00 and set a neutral rating on the stock in a research note on Friday, February 9th. Goldman Sachs downgraded shares of Mettler-Toledo International from a buy rating to a neutral rating in a research note on Monday. Deutsche Bank raised their price target on shares of Mettler-Toledo International from $600.00 to $630.00 and gave the company a hold rating in a research note on Thursday, March 1st. Finally, Evercore ISI started coverage on shares of Mettler-Toledo International in a research note on Wednesday, January 3rd. They issued an in-line rating and a $625.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $641.00.

Shares of Mettler-Toledo International stock opened at $565.17 on Wednesday. The stock has a market cap of $14,552.12, a price-to-earnings ratio of 32.17, a PEG ratio of 2.23 and a beta of 1.20. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.09 and a current ratio of 1.46. Mettler-Toledo International has a 12-month low of $472.44 and a 12-month high of $697.26.



Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.93 by $0.04. The firm had revenue of $778.03 million for the quarter, compared to the consensus estimate of $764.26 million. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $5.28 earnings per share. analysts predict that Mettler-Toledo International will post 20.24 EPS for the current fiscal year.

In related news, insider Waldemar Rauch sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $614.18, for a total value of $2,763,810.00. Following the completion of the transaction, the insider now owns 8,068 shares in the company, valued at approximately $4,955,204.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William P. Donnelly sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $612.35, for a total transaction of $3,674,100.00. Following the completion of the transaction, the executive vice president now owns 4,500 shares of the company’s stock, valued at approximately $2,755,575. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,268 shares of company stock worth $17,497,059. 4.80% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Coastline Trust Co raised its holdings in Mettler-Toledo International by 16.2% in the 3rd quarter. Coastline Trust Co now owns 575 shares of the medical instruments supplier’s stock valued at $360,000 after buying an additional 80 shares during the last quarter. Conning Inc. raised its holdings in Mettler-Toledo International by 25.7% in the 4th quarter. Conning Inc. now owns 440 shares of the medical instruments supplier’s stock valued at $273,000 after buying an additional 90 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Mettler-Toledo International by 2.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,600 shares of the medical instruments supplier’s stock valued at $2,264,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in Mettler-Toledo International by 4.2% in the 4th quarter. New Mexico Educational Retirement Board now owns 2,500 shares of the medical instruments supplier’s stock valued at $1,549,000 after buying an additional 100 shares during the last quarter. Finally, Advisor Group Inc. raised its holdings in Mettler-Toledo International by 6.9% in the 4th quarter. Advisor Group Inc. now owns 1,770 shares of the medical instruments supplier’s stock valued at $1,097,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

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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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