Mettler-Toledo International (NYSE:MTD) Given New $1,450.00 Price Target at Stifel Nicolaus

Mettler-Toledo International (NYSE:MTD - Get Free Report) had its price objective dropped by analysts at Stifel Nicolaus from $1,550.00 to $1,450.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the medical instruments supplier's stock. Stifel Nicolaus' price target indicates a potential upside of 15.99% from the company's current price.

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Evercore ISI upped their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 1st. Robert W. Baird decreased their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Wells Fargo & Company dropped their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International presently has an average rating of "Hold" and a consensus target price of $1,338.75.

Mettler-Toledo International Stock Down 4.6 %

Shares of Mettler-Toledo International stock traded down $59.96 on Monday, hitting $1,250.07. The stock had a trading volume of 295,697 shares, compared to its average volume of 134,156. The stock has a market cap of $26.53 billion, a price-to-earnings ratio of 34.44, a price-to-earnings-growth ratio of 3.83 and a beta of 1.16. Mettler-Toledo International has a twelve month low of $1,015.29 and a twelve month high of $1,546.93. The business's 50 day moving average is $1,398.01 and its two-hundred day moving average is $1,402.52.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping 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 532.25%. The company had revenue of $954.54 million for the quarter, compared to analysts' expectations of $941.93 million. As a group, equities analysts predict that Mettler-Toledo International will post 40.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Christian Magloth sold 1,000 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.94% of the stock is currently owned by insiders.

Institutional Trading of Mettler-Toledo International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Family Firm Inc. purchased a new stake in Mettler-Toledo International during the second quarter valued at about $25,000. Blue Trust Inc. increased its holdings in shares of Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after buying an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International in the third quarter valued at $37,000. Rothschild Investment LLC purchased a new position in shares of Mettler-Toledo International during the 2nd quarter valued at about $42,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Mettler-Toledo International during the second quarter worth approximately $42,000. 95.07% of the stock is owned by institutional investors.

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.