Mettler-Toledo International (NYSE:MTD) Stock Price Target Raised at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its price target on Mettler-Toledo from $1,600 to $1,900 and maintained a Buy rating, implying 10.25% upside from the current share price.
• Analyst sentiment is mixed: six analysts rate the stock Buy, eight Hold, and one Sell. The consensus rating is Hold, with an average price target of $1,540.
• Mettler-Toledo beat quarterly estimates, reporting EPS of $12.57 versus $12.13 expected and revenue of $1.09 billion; revenue increased 6.3% year over year.

Mettler-Toledo International (NYSE:MTD - Get Free Report) had its target price increased by investment analysts at Stifel Nicolaus from $1,600.00 to $1,900.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a "buy" rating on the medical instruments supplier's stock. Stifel Nicolaus's price objective suggests a potential upside of 10.25% from the company's current price.

A number of other research analysts also recently issued reports on the company. Robert W. Baird upped their price target on Mettler-Toledo International from $1,608.00 to $1,815.00 and gave the company a "neutral" rating in a report on Monday. Barclays increased their price objective on Mettler-Toledo International from $1,575.00 to $1,700.00 and gave the company an "overweight" rating in a research report on Wednesday, October 7th. Rothschild & Co Redburn began coverage on Mettler-Toledo International in a report on Wednesday, September 2nd. They issued a "sell" rating and a $1,200.00 price objective for the company. UBS Group started coverage on Mettler-Toledo International in a research report on Wednesday, September 9th. They issued a "neutral" rating and a $1,460.00 target price for the company. Finally, Weiss Ratings raised Mettler-Toledo International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, October 19th. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Mettler-Toledo International currently has a consensus rating of "Hold" and an average price target of $1,540.00.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,723.32 on Monday. Mettler-Toledo International has a twelve month low of $1,023.05 and a twelve month high of $1,806.58. The company has a market capitalization of $34.53 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.16. The firm has a 50 day moving average of $1,524.65 and a 200 day moving average of $1,345.95. The company has a quick ratio of 0.75, a current ratio of 1.10 and a debt-to-equity ratio of 25.28.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The medical instruments supplier reported $12.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.13 by $0.44. Mettler-Toledo International had a return on equity of 15,012.71% and a net margin of 22.25%. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the firm posted $11.15 EPS. The firm's quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Mettler-Toledo International will post 47.49 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other news, CEO Patrick Kaltenbach sold 942 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the completion of the sale, the chief executive officer owned 4,480 shares of the company's stock, valued at $6,384,000. This represents a 17.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is owned by insiders.

Hedge Funds Weigh In On Mettler-Toledo International

A number of institutional investors and hedge funds have recently made changes to their positions in MTD. Phoenix Financial Ltd. boosted its holdings in Mettler-Toledo International by 7.6% in the 3rd quarter. Phoenix Financial Ltd. now owns 183 shares of the medical instruments supplier's stock worth $277,000 after buying an additional 13 shares during the period. Danske Bank A S raised its holdings in Mettler-Toledo International by 16.0% during the third quarter. Danske Bank A S now owns 5,045 shares of the medical instruments supplier's stock valued at $7,623,000 after acquiring an additional 697 shares during the period. Aberdeen Group plc lifted its position in shares of Mettler-Toledo International by 1,214.7% in the third quarter. Aberdeen Group plc now owns 245,978 shares of the medical instruments supplier's stock valued at $371,660,000 after acquiring an additional 227,268 shares in the last quarter. Allworth Financial LP lifted its position in shares of Mettler-Toledo International by 11.9% in the third quarter. Allworth Financial LP now owns 254 shares of the medical instruments supplier's stock valued at $384,000 after acquiring an additional 27 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Mettler-Toledo International by 6.9% in the third quarter. Russell Investments Group Ltd. now owns 130,556 shares of the medical instruments supplier's stock valued at $197,385,000 after acquiring an additional 8,442 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International develops and manufactures precision instruments and systems used in laboratory, industrial, and retail settings. Its products include laboratory balances and analytical instruments, industrial scales and weighing systems, and equipment for measuring and monitoring production processes.

The company also supplies product-inspection systems, including checkweighers, metal detectors, and X-ray inspection equipment, along with related software, installation, maintenance, and calibration services.

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