Mettler-Toledo International (NYSE:MTD) Now Covered by Analysts at Rothschild & Co Redburn

Research analysts at Rothschild & Co Redburn began coverage on shares of Mettler-Toledo International (NYSE:MTD) in a research note issued on Wednesday, Briefing.com reports. The firm set a “sell” rating and a $1,200.00 price target on the medical instruments supplier’s stock. Rothschild & Co Redburn’s target price suggests a potential downside of 12.69% from the company’s previous close.

A number of other analysts have also weighed in on the company. Royal Bank Of Canada started coverage on Mettler-Toledo International in a research note on Tuesday. They set a “sector perform” rating and a $1,515.00 price objective for the company. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Wolfe Research started coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Finally, Barclays raised their price target on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,445.31.

Mettler-Toledo International Stock Down 2.2%

Shares of NYSE:MTD opened at $1,374.47 on Wednesday. The stock’s 50-day moving average price is $1,354.48 and its 200-day moving average price is $1,274.20. Mettler-Toledo International has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The stock has a market capitalization of $27.54 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 2.89 and a beta of 1.22. 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 (NYSE:MTD) last released its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned $10.09 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Mettler-Toledo International will post 47.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 240 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the transaction, the insider directly owned 259 shares of the company’s stock, valued at approximately $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a 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 on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the completion of the sale, the chief executive officer directly owned 4,480 shares of the company’s stock, valued at $6,384,000. The trade was a 17.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,254 shares of company stock valued at $6,092,712 in the last 90 days. 0.71% of the stock is owned by corporate insiders.

Institutional Trading of Mettler-Toledo International

Several institutional investors and hedge funds have recently bought and sold shares of MTD. Reflection Asset Management bought a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International in the 1st quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $29,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Mettler-Toledo International during the second quarter valued at approximately $32,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.