Mettler-Toledo International (NYSE:MTD) Upgraded at StockNews.com

Mettler-Toledo International (NYSE:MTD) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Several other analysts also recently issued reports on MTD. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. Citigroup upped their price target on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research report on Monday, May 13th. Jefferies Financial Group restated an “underperform” rating and set a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Stifel Nicolaus upped their target price on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Robert W. Baird raised their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1,301.25.

Mettler-Toledo International Stock Up 0.1 %

Shares of NYSE MTD opened at $1,359.21 on Thursday. The business has a fifty day simple moving average of $1,421.09 and a 200-day simple moving average of $1,302.80. The company has a market cap of $29.03 billion, a price-to-earnings ratio of 38.12, a P/E/G ratio of 3.55 and a beta of 1.17. Mettler-Toledo International has a 12 month low of $928.49 and a 12 month high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The company had revenue of $925.95 million during the quarter, compared to analysts’ expectations of $879.72 million. During the same period last year, the company posted $8.69 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Mettler-Toledo International will post 40.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total value of $458,529.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Christian Magloth sold 1,100 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $1,079,691.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares in the company, valued at $7,510,705.02. The disclosure for this sale can be found here. Insiders sold a total of 3,278 shares of company stock valued at $4,871,849 in the last quarter. Insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Mettler-Toledo International

Hedge funds have recently made changes to their positions in the stock. Eisler Capital UK Ltd. bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth approximately $770,000. Daiwa Securities Group Inc. lifted its position in Mettler-Toledo International by 36.6% in the first quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier’s stock worth $3,570,000 after purchasing an additional 719 shares during the period. Caprock Group LLC boosted its stake in Mettler-Toledo International by 450.2% during the fourth quarter. Caprock Group LLC now owns 1,733 shares of the medical instruments supplier’s stock worth $2,102,000 after buying an additional 1,418 shares in the last quarter. Oak Thistle LLC bought a new stake in Mettler-Toledo International in the 4th quarter valued at $1,419,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Mettler-Toledo International by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 144,015 shares of the medical instruments supplier’s stock valued at $174,684,000 after buying an additional 12,249 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

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.