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

Shares of Mettler-Toledo International Inc. (NYSE:MTD - Get Free Report) have earned a consensus recommendation of "Hold" from the nine ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $1,380.50.

MTD has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Wolfe Research initiated coverage on Mettler-Toledo International in a report on Friday, December 13th. They set a "peer perform" rating for the company. Evercore ISI upped their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Wells Fargo & Company upped their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. Finally, Citigroup dropped their price objective on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th.

Insider Activity at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerry Keller sold 600 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now owns 6 shares of the company's stock, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Remove Ads

Institutional Trading of Mettler-Toledo International

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Mettler-Toledo International during the fourth quarter valued at about $33,000. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International during the third quarter worth about $37,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International during the fourth quarter worth about $44,000. Blue Trust Inc. lifted its position in shares of Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after purchasing an additional 17 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International during the fourth quarter worth about $54,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Trading Up 1.6 %

Shares of Mettler-Toledo International stock traded up $20.15 during trading hours on Thursday, reaching $1,292.69. 147,693 shares of the company's stock were exchanged, compared to its average volume of 139,467. Mettler-Toledo International has a 52-week low of $1,142.91 and a 52-week high of $1,546.93. The firm has a market capitalization of $27.04 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. The company has a fifty day moving average of $1,293.77 and a 200-day moving average of $1,324.10.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping analysts' consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. On average, equities research analysts anticipate that Mettler-Toledo International will post 42.71 earnings per share for the current fiscal 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.