Mettler-Toledo International (NYSE:MTD) Downgraded by Barclays

Barclays downgraded shares of Mettler-Toledo International (NYSE:MTD) from an equal weight rating to an underweight rating in a report released on Monday morning, Benzinga reports. The brokerage currently has $680.00 price objective on the medical instruments supplier’s stock.

Several other brokerages also recently weighed in on MTD. Zacks Investment Research downgraded Home Bancshares from a hold rating to a sell rating in a report on Friday, June 7th. Bank of America downgraded Propetro from a buy rating to a neutral rating in a report on Tuesday, April 16th. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a report on Monday, May 13th. Finally, Wolfe Research initiated coverage on Waters in a report on Thursday, May 30th. They set an underperform rating for the company. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $673.83.

MTD stock opened at $818.13 on Monday. The firm has a market capitalization of $20.38 billion, a P/E ratio of 39.67, a P/E/G ratio of 2.64 and a beta of 1.33. Mettler-Toledo International has a twelve month low of $500.74 and a twelve month high of $873.51. The company has a 50 day moving average price of $810.81. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.37 and a quick ratio of 0.97.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $4.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.06 by $0.04. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. The firm had revenue of $679.50 million during the quarter, compared to the consensus estimate of $673.55 million. During the same period last year, the company earned $3.74 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Mettler-Toledo International will post 22.7 EPS for the current fiscal year.

In other Mettler-Toledo International news, insider La Guerroniere Marc De sold 4,600 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $730.00, for a total value of $3,358,000.00. Following the completion of the transaction, the insider now owns 16,585 shares in the company, valued at $12,107,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shawn Vadala sold 700 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $721.00, for a total value of $504,700.00. Following the completion of the transaction, the chief financial officer now owns 5,450 shares of the company’s stock, valued at approximately $3,929,450. The disclosure for this sale can be found here. Insiders sold 48,925 shares of company stock valued at $35,650,928 in the last quarter. 3.50% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Permanens Capital L.P. purchased a new position in shares of Mettler-Toledo International in the first quarter valued at $29,000. Executive Wealth Management LLC purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at $33,000. MARSHALL WACE ASIA Ltd purchased a new position in shares of Mettler-Toledo International in the first quarter valued at $44,000. Van ECK Associates Corp increased its position in shares of Mettler-Toledo International by 36.6% in the fourth quarter. Van ECK Associates Corp now owns 97 shares of the medical instruments supplier’s stock valued at $55,000 after buying an additional 26 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Mettler-Toledo International by 40.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 76 shares of the medical instruments supplier’s stock valued at $55,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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