Mettler-Toledo International Inc. (NYSE:MTD) Receives Consensus Rating of "Reduce" from Analysts

Shares of Mettler-Toledo International Inc. (NYSE:MTD - Get Free Report) have received a consensus rating of "Reduce" from the eight analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $1,338.75.

Several brokerages have weighed in on MTD. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. raised their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Robert W. Baird reduced their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research note on Monday, November 11th. Wells Fargo & Company decreased their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Finally, Stifel Nicolaus reduced their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a research report on Monday, November 11th.

Insider Buying and Selling

In related news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the sale, the director now directly owns 240 shares of the company's stock, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mettler-Toledo International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTD. PineStone Asset Management Inc. grew its holdings in shares of Mettler-Toledo International by 127.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier's stock valued at $362,855,000 after buying an additional 145,453 shares during the period. International Assets Investment Management LLC grew its stake in Mettler-Toledo International by 149,870.0% in the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier's stock valued at $134,946,000 after acquiring an additional 89,922 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Mettler-Toledo International by 88.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier's stock worth $163,290,000 after acquiring an additional 57,509 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Mettler-Toledo International by 32.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier's stock worth $199,777,000 after purchasing an additional 35,048 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Mettler-Toledo International by 17.5% during the 3rd quarter. Wellington Management Group LLP now owns 177,963 shares of the medical instruments supplier's stock valued at $266,891,000 after purchasing an additional 26,443 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock traded up $1.53 during midday trading on Tuesday, hitting $1,226.00. 121,098 shares of the company were exchanged, compared to its average volume of 137,093. The firm has a 50 day simple moving average of $1,358.47 and a 200-day simple moving average of $1,399.52. The firm has a market cap of $25.87 billion, a P/E ratio of 33.03, a PEG ratio of 4.02 and a beta of 1.16. Mettler-Toledo International has a 52 week low of $1,059.08 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The company had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Equities research analysts expect that Mettler-Toledo International will post 40.39 earnings per share for the current year.

Mettler-Toledo International Company Profile

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.