Mettler-Toledo International (NYSE:MTD) Sets New 12-Month Low - What's Next?

Mettler-Toledo International Inc. (NYSE:MTD - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $1,141.46 and last traded at $1,150.79, with a volume of 6686 shares. The stock had previously closed at $1,177.09.

Analyst Upgrades and Downgrades

MTD has been the topic of several recent research reports. Evercore ISI lifted their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Wolfe Research began coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating on the stock. Wells Fargo & Company lifted their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. Citigroup cut their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Robert W. Baird increased their price target on 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of "Hold" and a consensus price target of $1,380.50.

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Mettler-Toledo International Stock Down 6.7 %

The stock has a market capitalization of $21.30 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 3.30 and a beta of 1.15. The company's fifty day simple moving average is $1,270.31 and its 200 day simple moving average is $1,297.65.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction on 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 transaction, the insider now owns 734 shares in the company, valued at $964,248.46. This trade represents a 51.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction, the insider now directly owns 6 shares of the company's stock, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Institutional Trading of Mettler-Toledo International

A number of institutional investors and hedge funds have recently made changes to their positions in MTD. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth $44,000. Blue Trust Inc. lifted its position in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after buying an additional 17 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Mettler-Toledo International in the fourth quarter valued at about $54,000. Finally, Sound Income Strategies LLC grew its position in Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after acquiring an additional 45 shares during the last quarter. 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.