Analysts Set Mettler-Toledo International Inc. (NYSE:MTD) PT at $1,380.50

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have earned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $1,380.50.

Several research firms have issued reports on MTD. Robert W. Baird lifted their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Citigroup decreased their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company upped their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Finally, Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating for the company.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,174.91 on Monday. Mettler-Toledo International has a 12 month low of $1,136.00 and a 12 month high of $1,546.93. The business’s 50-day moving average is $1,275.14 and its two-hundred day moving average is $1,299.07. The firm has a market capitalization of $24.49 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

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

Insiders Place Their Bets

In related news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christian Magloth sold 790 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mettler-Toledo International

Several institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International during the 4th quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $44,000. Blue Trust Inc. boosted its position in shares of Mettler-Toledo International by 70.8% during the fourth 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 period. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International in the 4th quarter worth approximately $54,000. Finally, Sound Income Strategies LLC grew its holdings in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after buying an additional 45 shares in 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.