Shares of Mettler-Toledo International, Inc. (NYSE:MTD) have been given a consensus rating of “Buy” by the ten analysts that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $606.67.
A number of research firms recently issued reports on MTD. Morgan Stanley reissued an “equal weight” rating and issued a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $690.00 price objective on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $600.00 price objective on shares of Mettler-Toledo International in a report on Friday, October 20th.
Shares of Mettler-Toledo International (NYSE:MTD) traded up $0.42 during midday trading on Friday, hitting $630.92. 97,265 shares of the stock were exchanged, compared to its average volume of 157,761. The firm has a market cap of $16,138.38, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.88 and a beta of 1.13. Mettler-Toledo International has a twelve month low of $407.87 and a twelve month high of $694.48. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.04. The business had revenue of $698.80 million for the quarter, compared to analysts’ expectations of $685.56 million. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $3.89 EPS. equities analysts forecast that Mettler-Toledo International will post 17.52 EPS for the current year.
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In other Mettler-Toledo International news, insider William P. Donnelly sold 10,000 shares of Mettler-Toledo International stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $630.02, for a total value of $6,300,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Caratsch sold 1,500 shares of Mettler-Toledo International stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $588.00, for a total value of $882,000.00. Following the completion of the transaction, the insider now directly owns 2,270 shares of the company’s stock, valued at $1,334,760. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,291 shares of company stock worth $18,570,721. Insiders own 5.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Airain ltd acquired a new position in shares of Mettler-Toledo International during the second quarter worth about $2,958,000. California Public Employees Retirement System grew its position in shares of Mettler-Toledo International by 2.0% during the second quarter. California Public Employees Retirement System now owns 71,000 shares of the medical instruments supplier’s stock worth $41,786,000 after buying an additional 1,400 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of Mettler-Toledo International by 90.5% during the second quarter. Riverhead Capital Management LLC now owns 1,800 shares of the medical instruments supplier’s stock worth $1,060,000 after buying an additional 855 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Mettler-Toledo International by 2.3% during the second quarter. Principal Financial Group Inc. now owns 42,546 shares of the medical instruments supplier’s stock worth $25,040,000 after buying an additional 974 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Mettler-Toledo International by 50.1% during the second quarter. Amalgamated Bank now owns 2,983 shares of the medical instruments supplier’s stock worth $1,756,000 after buying an additional 996 shares in the last quarter. 93.38% of the stock is owned by institutional investors and hedge funds.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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