Mettler-Toledo International (NYSE:MTD) Price Target Raised to $1,369.00

Mettler-Toledo International (NYSE:MTD - Free Report) had its price target increased by Robert W. Baird from $1,362.00 to $1,369.00 in a report issued on Monday,Benzinga reports. The firm currently has a neutral rating on the medical instruments supplier's stock.

MTD has been the subject of several other reports. Stifel Nicolaus decreased their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a report on Monday, November 11th. Citigroup raised shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Evercore ISI raised shares of Mettler-Toledo International from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $1,375.00 to $1,450.00 in a report on Thursday, January 2nd. Wells Fargo & Company reduced their price target 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, November 11th. Finally, Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a "peer perform" rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $1,368.00.

Mettler-Toledo International Stock Down 1.1 %

Shares of MTD traded down $14.77 during mid-day trading on Monday, hitting $1,297.83. 138,660 shares of the company's stock were exchanged, compared to its average volume of 138,968. The firm has a fifty day moving average of $1,282.98 and a two-hundred day moving average of $1,341.42. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 4.80 and a beta of 1.13. Mettler-Toledo International has a twelve month low of $1,142.91 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping 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 564.51%. On average, equities analysts predict that Mettler-Toledo International will post 41.94 earnings per share for the current year.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the sale, the insider now owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.94% of the stock is owned by insiders.

Institutional Investors Weigh In On Mettler-Toledo International

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