Mettler-Toledo International (NYSE:MTD) PT Raised to $1,390.00 at Evercore ISI

Mettler-Toledo International (NYSE:MTD) had its target price boosted by Evercore ISI from $1,375.00 to $1,390.00 in a report published on Tuesday morning, Benzinga reports. They currently have an in-line rating on the medical instruments supplier’s stock.

Several other analysts also recently issued reports on the company. StockNews.com upgraded Mettler-Toledo International from a hold rating to a buy rating in a research note on Monday, April 29th. Jefferies Financial Group restated an underperform rating and issued a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Stifel Nicolaus upped their target price on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a buy rating in a research report on Monday, May 13th. Robert W. Baird upped their target price on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a neutral rating in a research report on Monday, May 13th. Finally, Citigroup upped their target price on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a sell rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $1,267.50.

Mettler-Toledo International Stock Down 0.7 %

NYSE:MTD opened at $1,357.07 on Tuesday. Mettler-Toledo International has a twelve month low of $928.49 and a twelve month high of $1,535.86. The stock’s 50 day moving average price is $1,403.12 and its two-hundred day moving average price is $1,295.18. The firm has a market capitalization of $28.99 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 3.75 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The company had revenue of $925.95 million during the quarter, compared to the consensus estimate of $879.72 million. During the same period in the previous year, the company posted $8.69 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, analysts anticipate that Mettler-Toledo International will post 40.13 earnings per share for the current year.

Insiders Place Their Bets

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Gerry Keller sold 310 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total value of $468,583.60. Following the completion of the sale, the insider now owns 6 shares of the company’s stock, valued at $9,069.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $7,160,041.98. The disclosure for this sale can be found here. Insiders sold a total of 3,278 shares of company stock valued at $4,871,849 in the last 90 days. Corporate insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Mettler-Toledo International

Several institutional investors and hedge funds have recently made changes to their positions in MTD. MV Capital Management Inc. grew its stake in Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after purchasing an additional 13 shares during the period. Rise Advisors LLC purchased a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $25,000. CVA Family Office LLC purchased a new position in shares of Mettler-Toledo International during the fourth quarter valued at approximately $27,000. Spartan Planning & Wealth Management purchased a new position in shares of Mettler-Toledo International during the fourth quarter valued at approximately $27,000. Finally, Bellevue Group AG bought a new stake in Mettler-Toledo International during the fourth quarter worth $30,000. Institutional investors 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.