Mettler-Toledo International, Inc. (NYSE:MTD) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Mettler-Toledo International: eight rate the stock a hold, six recommend buying, and one recommends selling. The average 12-month price target is $1,445.31.
• Insiders have sold 4,254 shares worth approximately $6.1 million over the past three months, while insiders collectively own just 0.71% of the company.
• The company exceeded quarterly earnings expectations, reporting $11.46 EPS versus the $10.78 consensus estimate, while revenue rose 4.5% year over year to $1.03 billion. Institutional investors own 95.07% of the stock.

Mettler-Toledo International, Inc. (NYSE:MTD - Get Free Report) has received an average recommendation of "Hold" from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $1,445.3077.

A number of research analysts recently commented on the company. Wolfe Research initiated coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a "peer perform" rating on the stock. Rothschild & Co Redburn assumed coverage on shares of Mettler-Toledo International in a report on Wednesday, September 2nd. They set a "sell" rating and a $1,200.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Barclays boosted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an "overweight" rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company raised their target price on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an "equal weight" rating in a research note on Monday, August 3rd.

Insider Transactions at Mettler-Toledo International

In other news, Director Thomas Salice sold 417 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the transaction, the director owned 292 shares in the company, valued at $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares in the company, valued at approximately $369,629.26. The trade was a 48.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,254 shares of company stock worth $6,092,712. 0.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mettler-Toledo International

Several large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its position in Mettler-Toledo International by 83.3% during the first quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier's stock valued at $78,000 after acquiring an additional 30 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Mettler-Toledo International by 3.1% in the 2nd quarter. Baird Financial Group Inc. now owns 1,347 shares of the medical instruments supplier's stock worth $1,582,000 after acquiring an additional 40 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of Mettler-Toledo International by 44.6% in the 2nd quarter. Jump Financial LLC now owns 405 shares of the medical instruments supplier's stock worth $476,000 after acquiring an additional 125 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Mettler-Toledo International by 10.8% during the 2nd quarter. Cerity Partners LLC now owns 4,035 shares of the medical instruments supplier's stock worth $4,740,000 after purchasing an additional 392 shares during the period. Finally, AXA S.A. boosted its stake in shares of Mettler-Toledo International by 2.9% during the 2nd quarter. AXA S.A. now owns 4,625 shares of the medical instruments supplier's stock worth $5,433,000 after purchasing an additional 131 shares during the period. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Down 0.0%

MTD stock opened at $1,344.87 on Monday. Mettler-Toledo International has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The stock has a market cap of $26.95 billion, a P/E ratio of 30.27, a PEG ratio of 2.70 and a beta of 1.22. The business's 50-day moving average price is $1,361.63 and its 200-day moving average price is $1,274.11.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.78 by $0.68. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.09 EPS. On average, equities research analysts forecast that Mettler-Toledo International will post 47.35 EPS for the current year.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company's product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.

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