Mettler-Toledo International, Inc. (NYSE:MTD) Stock Rated “Hold” by Sell-Side Brokerages

Mettler-Toledo International, Inc. (NYSE:MTD) has received an average rating of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $1,469.15.

A number of equities research analysts have weighed in on MTD shares. Morgan Stanley lifted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 13th. Stifel Nicolaus upped their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. UBS Group began coverage on shares of Mettler-Toledo International in a research report on Wednesday, September 9th. They set a “neutral” rating and a $1,460.00 price objective for the company. Royal Bank Of Canada initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 target price for the company. Finally, Barclays boosted their target price on Mettler-Toledo International from $1,575.00 to $1,700.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th.

Insiders Place Their Bets

In related news, Director Thomas P. Salice sold 417 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the transaction, the director owned 292 shares of the company’s stock, valued at approximately $420,599.72. This represents a 58.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick Kaltenbach sold 942 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the transaction, the chief executive officer owned 4,480 shares of the company’s stock, valued at $6,384,000. This trade represents a 17.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.71% of the company’s stock.

Institutional Trading of Mettler-Toledo International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International in the first quarter valued at $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Mettler-Toledo International during the second quarter worth about $26,000. Transamerica Financial Advisors LLC purchased a new position in shares of Mettler-Toledo International during the second quarter worth about $32,000. Root Financial Partners LLC increased its position in shares of Mettler-Toledo International by 45.5% during the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after purchasing an additional 10 shares in the last quarter. Finally, Provenance Wealth Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the third quarter worth about $54,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Up 0.4%

Shares of MTD opened at $1,680.77 on Tuesday. The firm has a market cap of $33.68 billion, a P/E ratio of 37.83, a price-to-earnings-growth ratio of 3.42 and a beta of 1.19. Mettler-Toledo International has a 12-month low of $1,023.05 and a 12-month high of $1,728.66. The company’s 50-day moving average price is $1,500.44 and its 200 day moving average price is $1,341.05. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc (NYSE: MTD) develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company’s laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.