Wells Fargo & Company Issues Positive Forecast for Mettler-Toledo International (NYSE:MTD) Stock Price

Mettler-Toledo International (NYSE:MTD - Get Free Report) had its target price raised by equities research analysts at Wells Fargo & Company from $1,350.00 to $1,400.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the medical instruments supplier's stock. Wells Fargo & Company's price target would indicate a potential upside of 7.88% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Wolfe Research started coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating on the stock. Evercore ISI upgraded shares of Mettler-Toledo International from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $1,375.00 to $1,450.00 in a research report on Thursday, January 2nd. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research note on Monday. Citigroup upgraded shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and raised their price target for the company from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Finally, Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and a consensus price target of $1,368.00.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded down $14.91 during midday trading on Monday, hitting $1,297.69. The company's stock had a trading volume of 78,002 shares, compared to its average volume of 136,770. The firm has a market cap of $27.14 billion, a P/E ratio of 32.08, a P/E/G ratio of 4.80 and a beta of 1.13. Mettler-Toledo International has a 1-year low of $1,142.91 and a 1-year high of $1,546.93. The firm's fifty day moving average price is $1,282.98 and its 200-day moving average price is $1,341.42.

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

Insiders Place Their Bets

In related news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mettler-Toledo International

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth approximately $33,000. Blue Trust Inc. increased its holdings in shares of Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock valued at $34,000 after buying an additional 17 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Mettler-Toledo International during the 3rd quarter valued at $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth $44,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter worth $54,000. Institutional investors own 95.07% of the company's stock.

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.