Mettler-Toledo International (NYSE:MTD) Given New $1,350.00 Price Target at Barclays

Key Points

• Barclays has raised the price target for Mettler-Toledo International from $1,325.00 to $1,350.00, indicating a potential upside of 4.81% from the current stock price.
• Five research analysts have rated Mettler-Toledo International with a Moderate Buy average rating, while the average target price stands at $1,328.33.
• The company's recent quarterly earnings exceeded expectations, reporting $10.09 earnings per share against an anticipated $9.58, contributing to an overall revenue of $983.22 million.

Mettler-Toledo International (NYSE:MTD - Get Free Report) had its price target hoisted by analysts at Barclays from $1,325.00 to $1,350.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the medical instruments supplier's stock. Barclays's target price indicates a potential upside of 4.81% from the company's current price.

MTD has been the topic of several other reports. Bank of America increased their price target on Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the stock a "neutral" rating in a report on Monday, September 22nd. Citigroup raised their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Evercore ISI dropped their target price on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Finally, Robert W. Baird increased their target price on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,328.33.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded down $1.73 during mid-day trading on Thursday, reaching $1,288.09. The company's stock had a trading volume of 13,832 shares, compared to its average volume of 167,223. The stock has a fifty day moving average of $1,270.44 and a two-hundred day moving average of $1,185.39. Mettler-Toledo International has a 52 week low of $946.69 and a 52 week high of $1,488.75. The firm has a market capitalization of $26.53 billion, a PE ratio of 32.62, a P/E/G ratio of 3.68 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.58 by $0.51. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%.The business had revenue of $983.22 million for the quarter, compared to the consensus estimate of $957.41 million. During the same period in the prior year, the business posted $9.65 earnings per share. The company's quarterly revenue was up 3.9% compared to the same quarter last year. Mettler-Toledo International has set its FY 2025 guidance at 42.100-42.600 EPS. Q3 2025 guidance at 10.550-10.750 EPS. Analysts anticipate that Mettler-Toledo International will post 42.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Gerry Keller sold 165 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the transaction, the insider directly owned 94 shares in the company, valued at $123,012.16. The trade was a 63.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $1,325.00, for a total value of $397,500.00. Following the completion of the transaction, the chief financial officer owned 5,095 shares in the company, valued at $6,750,875. This represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,827 shares of company stock worth $2,371,208. Insiders own 1.94% of the company's stock.

Hedge Funds Weigh In On Mettler-Toledo International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Mettler-Toledo International by 39.1% in the first quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock valued at $103,000 after acquiring an additional 25 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Mettler-Toledo International by 29.4% during the first quarter. QRG Capital Management Inc. now owns 489 shares of the medical instruments supplier's stock worth $577,000 after buying an additional 111 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Mettler-Toledo International by 13.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,488 shares of the medical instruments supplier's stock worth $2,929,000 after buying an additional 292 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Mettler-Toledo International by 95.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,202 shares of the medical instruments supplier's stock worth $2,600,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in Mettler-Toledo International by 7.1% during the first quarter. Boston Trust Walden Corp now owns 34,610 shares of the medical instruments supplier's stock worth $40,871,000 after purchasing an additional 2,296 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

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.

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