Mettler-Toledo International (NYSE:MTD) Stock Rating Raised to Buy at Wall Street Zen

Mettler-Toledo International (NYSE:MTD - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

A number of other research firms have also recently issued reports on MTD. UBS Group began coverage on Mettler-Toledo International in a research note on Wednesday, September 9th. They issued a "neutral" rating and a $1,460.00 target price for the company. Morgan Stanley increased their price target on Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 13th. Royal Bank Of Canada initiated coverage on Mettler-Toledo International in a research report on Tuesday, September 1st. They set a "sector perform" rating and a $1,515.00 price target on the stock. Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Finally, Robert W. Baird boosted their price objective on Mettler-Toledo International from $1,608.00 to $1,815.00 and gave the company a "neutral" rating in a research report on Monday, November 9th. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $1,595.77.

Mettler-Toledo International Trading Up 0.4%

Shares of NYSE MTD opened at $1,738.26 on Friday. Mettler-Toledo International has a twelve month low of $1,023.05 and a twelve month high of $1,806.58. The stock has a market cap of $34.57 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 3.45 and a beta of 1.16. The company has a quick ratio of 0.75, a current ratio of 1.10 and a debt-to-equity ratio of 25.28. The company's fifty day moving average is $1,561.27 and its 200-day moving average is $1,353.93.

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 EPS for the quarter, beating analysts' consensus estimates of $12.13 by $0.44. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.07 billion. Mettler-Toledo International had a net margin of 22.25% and a return on equity of 15,012.71%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.15 EPS. Equities research analysts predict that Mettler-Toledo International will post 47.83 EPS for the current year.

Insider Activity

In related news, CEO Patrick Kaltenbach sold 942 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the completion of the transaction, the chief executive officer directly owned 4,480 shares in the company, valued at approximately $6,384,000. This trade represents a 17.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 435 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $1,734.05, for a total value of $754,311.75. Following the transaction, the insider owned 259 shares of the company's stock, valued at approximately $449,118.95. The trade was a 62.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.71% of the company's stock.

Hedge Funds Weigh In On Mettler-Toledo International

A number of large investors have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Mettler-Toledo International by 137.5% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 19 shares of the medical instruments supplier's stock worth $29,000 after purchasing an additional 11 shares in the last quarter. Transamerica Financial Advisors LLC acquired a new position in Mettler-Toledo International during the second quarter worth $32,000. Provenance Wealth Advisors LLC acquired a new position in Mettler-Toledo International during the third quarter worth $54,000. Finally, Principia Wealth Advisory LLC boosted its holdings in Mettler-Toledo International by 2,050.0% during the second quarter. Principia Wealth Advisory LLC now owns 43 shares of the medical instruments supplier's stock worth $55,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds 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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