Mettler-Toledo International Inc. (NYSE:MTD) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Mettler-Toledo International Inc. (NYSE:MTD - Get Free Report) have received a consensus recommendation of "Hold" from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $1,302.11.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their price target for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a research report on Monday, April 7th. Finally, Wall Street Zen downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.

Mettler-Toledo International Trading Down 2.9%

Shares of NYSE:MTD opened at $1,153.65 on Friday. Mettler-Toledo International has a 52 week low of $946.69 and a 52 week high of $1,546.93. The firm has a market capitalization of $23.98 billion, a P/E ratio of 28.46, a PEG ratio of 3.30 and a beta of 1.38. The firm's 50 day moving average is $1,105.54 and its two-hundred day moving average is $1,204.23.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. The company had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The company's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.89 EPS. Analysts predict that Mettler-Toledo International will post 42.71 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the transaction, the director now directly owns 120 shares of the company's stock, valued at $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.94% of the company's stock.

Hedge Funds Weigh In On Mettler-Toledo International

A number of large investors have recently added to or reduced their stakes in MTD. Apollon Wealth Management LLC lifted its position in shares of Mettler-Toledo International by 2.5% during the 4th quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock valued at $451,000 after buying an additional 9 shares in the last quarter. Empowered Funds LLC increased its position in shares of Mettler-Toledo International by 288.2% during the 4th quarter. Empowered Funds LLC now owns 1,312 shares of the medical instruments supplier's stock worth $1,605,000 after purchasing an additional 974 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Mettler-Toledo International by 251.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 777 shares of the medical instruments supplier's stock valued at $951,000 after acquiring an additional 556 shares during the period. Savant Capital LLC boosted its holdings in Mettler-Toledo International by 22.2% during the 4th quarter. Savant Capital LLC now owns 341 shares of the medical instruments supplier's stock valued at $417,000 after acquiring an additional 62 shares during the period. Finally, Certuity LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $202,000. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Company Profile

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.

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