Analysts Set Mettler-Toledo International Inc. (NYSE:MTD) PT at $1,233.25

Mettler-Toledo International Inc. (NYSE:MTD) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1,233.25.

A number of analysts have commented on MTD shares. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Sunday, March 31st. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 951 shares of company stock worth $1,170,256. Insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Mettler-Toledo International

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Mettler-Toledo International by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,534,104 shares of the medical instruments supplier’s stock valued at $3,479,806,000 after acquiring an additional 17,826 shares during the last quarter. Capital International Investors lifted its position in Mettler-Toledo International by 3.0% in the fourth quarter. Capital International Investors now owns 933,989 shares of the medical instruments supplier’s stock valued at $1,132,891,000 after acquiring an additional 27,386 shares during the last quarter. Geode Capital Management LLC lifted its position in Mettler-Toledo International by 0.6% in the first quarter. Geode Capital Management LLC now owns 500,127 shares of the medical instruments supplier’s stock valued at $763,880,000 after acquiring an additional 2,842 shares during the last quarter. Alliancebernstein L.P. increased its stake in Mettler-Toledo International by 5.6% in the second quarter. Alliancebernstein L.P. now owns 488,953 shares of the medical instruments supplier’s stock valued at $641,330,000 after purchasing an additional 25,877 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Mettler-Toledo International by 26.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 326,105 shares of the medical instruments supplier’s stock valued at $471,369,000 after buying an additional 67,758 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Down 2.5 %

Shares of Mettler-Toledo International stock opened at $1,198.03 on Monday. The firm has a market capitalization of $25.63 billion, a PE ratio of 33.38, a P/E/G ratio of 3.39 and a beta of 1.15. Mettler-Toledo International has a twelve month low of $928.49 and a twelve month high of $1,615.97. The firm’s 50-day moving average price is $1,269.99 and its 200 day moving average price is $1,170.02.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The company had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $12.10 earnings per share. On average, sell-side analysts predict that Mettler-Toledo International will post 39.9 EPS for the current fiscal year.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through 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, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.