Mettler-Toledo International, Inc. (NYSE:MTD) Receives $1,282.64 Average Price Target from Brokerages

Mettler-Toledo International, Inc. (NYSE:MTD - Get Free Report) has received a consensus rating of "Hold" from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $1,280.90.

A number of equities research analysts have recently commented on the company. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a research note on Monday, April 7th. Bank of America increased their target price on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Wall Street Zen cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Barclays assumed coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 target price on the stock. Finally, Evercore ISI increased their target price on Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the stock an "outperform" rating in a research note on Tuesday.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 120 shares of the company's stock, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.77% of the company's stock.

Institutional Inflows and Outflows

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

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock traded up $13.24 during midday trading on Wednesday, reaching $1,219.77. 175,795 shares of the company's stock traded hands, compared to its average volume of 150,169. The company has a market cap of $25.35 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. The stock has a 50 day moving average of $1,156.19 and a 200-day moving average of $1,195.60. Mettler-Toledo International has a 12 month low of $946.69 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating 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 negative return on equity of 556.22% and a net margin of 22.17%. The firm's revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.89 earnings per share. On average, equities analysts anticipate that Mettler-Toledo International will post 42.71 earnings per share for the current fiscal year.

About Mettler-Toledo International

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.