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

Key Points

• Analysts rate Mettler-Toledo International “Hold” overall: Seven of 13 analysts recommend holding the stock, while six recommend buying it. The average 12-month price target is approximately $1,461.
• The company beat quarterly earnings expectations, reporting adjusted EPS of $11.46 versus the $10.78 consensus estimate, while revenue reached $1.03 billion and increased 4.5% year over year.
• Insiders sold shares worth about $4.75 million over the past 90 days, while institutional investors own a substantial 95.07% of the company’s stock.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD - Get Free Report) have been assigned a consensus rating of "Hold" from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $1,461.2727.

A number of brokerages recently commented on MTD. JPMorgan Chase & Co. lowered their price objective on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a "neutral" rating for the company in a research note on Monday, May 11th. Stifel Nicolaus upped their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Wolfe Research began coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a "peer perform" rating on the stock. Morgan Stanley boosted their target price on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 4th. Finally, Barclays upped 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 research report on Monday, August 3rd.

Insider Activity

In other news, insider Gerry Keller sold 240 shares of the business's 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 transaction of $342,513.60. Following the completion of the transaction, the insider directly owned 259 shares in the company, valued at approximately $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 2,240 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the completion of the transaction, the chief financial officer directly owned 5,579 shares of the company's stock, valued at $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 3,312 shares of company stock valued at $4,750,362. Insiders own 0.71% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. XXEC Inc. bought a new stake in Mettler-Toledo International during the second quarter worth approximately $77,044,000. BlackRock Inc. acquired a new stake in Mettler-Toledo International in the second quarter worth approximately $2,404,713,000. Bank of New York Mellon Corp bought a new position in Mettler-Toledo International during the 2nd quarter valued at $762,553,000. Norges Bank bought a new position in Mettler-Toledo International during the 4th quarter valued at $520,989,000. Finally, Deutsche Bank AG acquired a new position in shares of Mettler-Toledo International during the 2nd quarter valued at $168,042,000. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,438.05 on Thursday. The company has a market cap of $28.82 billion, a PE ratio of 32.37, a P/E/G ratio of 2.96 and a beta of 1.23. Mettler-Toledo International has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The firm has a 50-day simple moving average of $1,282.90 and a 200 day simple moving average of $1,273.02. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45.

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

Mettler-Toledo International Company Profile

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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