Mettler-Toledo International Inc. (NYSE:MTD) Receives $1,223.71 Average PT from Analysts

Mettler-Toledo International Inc. (NYSE:MTD) has been assigned an average rating of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $1,223.71.

A number of research firms recently commented on MTD. Citigroup reaffirmed a “sell” rating and set a $975.00 price objective (down previously from $1,050.00) on shares of Mettler-Toledo International in a research note on Monday, December 11th. StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd.

Insider Activity

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders sold a total of 951 shares of company stock valued at $1,170,256 in the last 90 days. 1.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Several hedge funds have recently modified their holdings of the stock. MV Capital Management Inc. raised its stake in shares of 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 valued at $25,000 after purchasing an additional 13 shares during the period. CVA Family Office LLC purchased a new stake in Mettler-Toledo International during the 4th quarter worth $27,000. Spartan Planning & Wealth Management purchased a new position in Mettler-Toledo International in the 4th quarter valued at about $27,000. Gladius Capital Management LP acquired a new stake in shares of Mettler-Toledo International during the third quarter valued at about $27,000. Finally, Bellevue Group AG purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $30,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,335.84 on Thursday. The firm’s 50-day moving average is $1,241.05 and its two-hundred day moving average is $1,150.67. The company has a market capitalization of $28.57 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 3.60 and a beta of 1.15. Mettler-Toledo International has a 12-month low of $928.49 and a 12-month high of $1,615.97.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The company had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. Mettler-Toledo International’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $12.10 EPS. On average, analysts forecast that Mettler-Toledo International will post 39.9 EPS for the current fiscal year.

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.