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

Mettler-Toledo International, Inc. (NYSE:MTD - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $1,280.90.

A number of research analysts have recently weighed in on MTD shares. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a research report on Monday, April 7th. Barclays initiated coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 target price for the company. Robert W. Baird reduced their target price on 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. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th.

Mettler-Toledo International Price Performance

NYSE MTD traded up $39.80 on Wednesday, reaching $1,258.45. 26,899 shares of the company's stock traded hands, compared to its average volume of 175,811. Mettler-Toledo International has a 12 month low of $946.69 and a 12 month high of $1,546.93. The stock has a 50-day simple moving average of $1,159.21 and a 200 day simple moving average of $1,195.76. The stock has a market cap of $26.15 billion, a PE ratio of 31.38, a P/E/G ratio of 3.71 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 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 analyst estimates of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The firm's revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $8.89 earnings per share. As a group, analysts anticipate that Mettler-Toledo International will post 42.71 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the transaction, the director owned 120 shares in the company, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.94% of the stock is currently owned by company insiders.

Institutional Trading of Mettler-Toledo International

Hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth $33,000. WPG Advisers LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter worth $41,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $44,000. Zions Bancorporation National Association UT acquired a new stake in shares of Mettler-Toledo International during the first quarter worth $43,000. Finally, Golden State Wealth Management LLC raised its position in shares of Mettler-Toledo International by 583.3% during the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock worth $48,000 after purchasing an additional 35 shares during the period. Institutional investors own 95.07% of the company's stock.

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.