Mettler-Toledo International Inc. (NYSE:MTD) Receives $1,351.25 Average Price Target from Analysts

Mettler-Toledo International Inc. (NYSE:MTD - Get Free Report) has been given a consensus recommendation of "Hold" by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $1,368.00.

A number of brokerages have weighed in on MTD. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They issued a "peer perform" rating for the company. Evercore ISI upped their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday. Stifel Nicolaus dropped their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Robert W. Baird upped their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Wells Fargo & Company lifted their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a research note on Monday.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock traded down $18.77 during midday trading on Friday, hitting $1,313.20. 192,902 shares of the company were exchanged, compared to its average volume of 138,979. The business has a fifty day simple moving average of $1,281.95 and a two-hundred day simple moving average of $1,341.62. The firm has a market capitalization of $27.71 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. Mettler-Toledo International has a fifty-two week low of $1,133.46 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 564.51%. As a group, equities analysts expect that Mettler-Toledo International will post 41.94 earnings per share for the current year.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now owns 6 shares of the company's stock, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mettler-Toledo International

Institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in shares of Mettler-Toledo International by 1.0% during the 3rd quarter. State Street Corp now owns 954,653 shares of the medical instruments supplier's stock valued at $1,431,693,000 after buying an additional 9,009 shares during the period. Alliancebernstein L.P. raised its position in Mettler-Toledo International by 9.9% in the fourth quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier's stock valued at $713,627,000 after purchasing an additional 52,726 shares during the period. Geode Capital Management LLC lifted its stake in shares of Mettler-Toledo International by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier's stock valued at $682,340,000 after purchasing an additional 11,032 shares during the last quarter. Norges Bank purchased a new position in shares of Mettler-Toledo International during the 4th quarter worth $372,954,000. Finally, Principal Financial Group Inc. increased its position in shares of Mettler-Toledo International by 13.9% during the 4th quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier's stock worth $335,977,000 after purchasing an additional 33,456 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

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.