Mettler-Toledo International (NYSE:MTD) Sets New 1-Year Low - What's Next?

Shares of Mettler-Toledo International Inc. (NYSE:MTD - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $1,000.72 and last traded at $1,042.40, with a volume of 424774 shares. The stock had previously closed at $1,095.24.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MTD shares. Wolfe Research started coverage on Mettler-Toledo International in a report on Friday, December 13th. They set a "peer perform" rating for the company. Wells Fargo & Company raised their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a research note on Monday, February 10th. Robert W. Baird lifted their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Evercore ISI upped their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Finally, Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $1,380.50.

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Mettler-Toledo International Price Performance

The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.30 and a beta of 1.28. The firm has a 50 day moving average price of $1,217.84 and a 200-day moving average price of $1,275.83.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares of the company's stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the business'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 completion of the sale, the insider now directly owns 6 shares of the company's stock, valued at $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Institutional Investors Weigh In On Mettler-Toledo International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTD. KFG Wealth Management LLC lifted its position in Mettler-Toledo International by 6.8% during the 1st quarter. KFG Wealth Management LLC now owns 424 shares of the medical instruments supplier's stock worth $501,000 after acquiring an additional 27 shares during the period. Congress Asset Management Co. lifted its stake in shares of Mettler-Toledo International by 1.8% in the 1st quarter. Congress Asset Management Co. now owns 667 shares of the medical instruments supplier's stock worth $788,000 after acquiring an additional 12 shares during the period. Procyon Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the first quarter valued at about $562,000. Whipplewood Advisors LLC increased its stake in shares of Mettler-Toledo International by 936.4% during the first quarter. Whipplewood Advisors LLC now owns 456 shares of the medical instruments supplier's stock worth $538,000 after acquiring an additional 412 shares during the period. Finally, Merit Financial Group LLC purchased a new position in Mettler-Toledo International during the first quarter worth about $511,000. Hedge funds and other institutional investors own 95.07% of the company's stock.

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.