Mettler-Toledo International Inc. (NYSE:MTD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $1,304.25.

A number of equities research analysts recently issued reports on the company. Robert W. Baird decreased their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective for the company in a research report on Monday, April 7th.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the transaction, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 790 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the sale, the insider now owns 734 shares of the company’s stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Institutional Trading of Mettler-Toledo International

Several hedge funds have recently modified their holdings of the company. CWM LLC grew its position in shares of Mettler-Toledo International by 2.5% in the 1st quarter. CWM LLC now owns 657 shares of the medical instruments supplier’s stock worth $776,000 after buying an additional 16 shares during the last quarter. Oxbow Advisors LLC purchased a new position in Mettler-Toledo International in the first quarter worth $2,498,000. Ballentine Partners LLC increased its position in shares of Mettler-Toledo International by 15.4% during the first quarter. Ballentine Partners LLC now owns 554 shares of the medical instruments supplier’s stock worth $654,000 after purchasing an additional 74 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Mettler-Toledo International by 15.9% during the 1st quarter. Xponance Inc. now owns 5,276 shares of the medical instruments supplier’s stock valued at $6,230,000 after purchasing an additional 724 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Mettler-Toledo International by 7.1% in the 1st quarter. Cerity Partners LLC now owns 3,643 shares of the medical instruments supplier’s stock worth $4,302,000 after purchasing an additional 242 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,056.35 on Friday. The stock’s fifty day moving average is $1,141.00 and its 200 day moving average is $1,235.97. The firm has a market capitalization of $22.02 billion, a PE ratio of 26.06, a PEG ratio of 3.30 and a beta of 1.28. Mettler-Toledo International has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Mettler-Toledo International’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.89 EPS. Equities analysts forecast that Mettler-Toledo International will post 42.71 EPS for the current 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.