What is Zacks Research's Forecast for MTD FY2024 Earnings?

Mettler-Toledo International Inc. (NYSE:MTD - Free Report) - Stock analysts at Zacks Research increased their FY2024 EPS estimates for Mettler-Toledo International in a note issued to investors on Thursday, November 28th. Zacks Research analyst R. Department now forecasts that the medical instruments supplier will post earnings per share of $40.40 for the year, up from their previous estimate of $40.28. The consensus estimate for Mettler-Toledo International's current full-year earnings is $40.42 per share. Zacks Research also issued estimates for Mettler-Toledo International's Q2 2025 earnings at $10.34 EPS, FY2025 earnings at $42.39 EPS, Q3 2026 earnings at $11.88 EPS and FY2026 earnings at $48.78 EPS.

Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Company lowered their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a "neutral" rating in a research note on Monday, August 5th. 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 note on Monday, November 11th. Evercore ISI raised their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a report on Tuesday, October 1st. Finally, Robert W. Baird dropped their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of "Hold" and an average target price of $1,338.75.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded up $9.64 on Monday, reaching $1,260.84. 99,472 shares of the company were exchanged, compared to its average volume of 136,732. Mettler-Toledo International has a 1 year low of $1,068.33 and a 1 year high of $1,546.93. The business has a 50-day moving average price of $1,342.27 and a 200 day moving average price of $1,390.47. The company has a market cap of $26.61 billion, a price-to-earnings ratio of 33.99, a P/E/G ratio of 4.13 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.00 by $0.21. The firm had revenue of $954.54 million for the quarter, compared to analysts' expectations of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the sale, the director now directly owns 240 shares of the company's stock, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.94% of the stock is currently owned by company insiders.

Institutional Trading of Mettler-Toledo International

Several institutional investors have recently modified their holdings of MTD. PineStone Asset Management Inc. boosted its position in shares of Mettler-Toledo International by 127.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier's stock valued at $362,855,000 after purchasing an additional 145,453 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Mettler-Toledo International by 149,870.0% in the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier's stock valued at $134,946,000 after acquiring an additional 89,922 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Mettler-Toledo International by 32.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier's stock worth $199,777,000 after acquiring an additional 35,048 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Mettler-Toledo International by 17.5% in the 3rd quarter. Wellington Management Group LLP now owns 177,963 shares of the medical instruments supplier's stock valued at $266,891,000 after acquiring an additional 26,443 shares during the period. Finally, Barclays PLC raised its position in Mettler-Toledo International by 8.3% in the 3rd quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock valued at $384,822,000 after purchasing an additional 19,609 shares during the last quarter. Hedge funds and other 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.