Mettler-Toledo International (NYSE:MTD) Stock Price Expected to Rise, Evercore ISI Analyst Says

Key Points

• Evercore ISI has raised its price target for Mettler-Toledo International from $1,275.00 to $1,400.00, indicating a potential upside of 6.00% from the stock's previous close.
• Other analysts, including Barclays and Citigroup, have also increased their price targets, with Citigroup setting it as high as $1,600.00, reflecting a positive outlook on the company.
• Mettler-Toledo International reported $10.09 earnings per share for its recent quarter, surpassing estimates and demonstrating a 3.9% year-over-year increase in revenue.

Mettler-Toledo International (NYSE:MTD - Get Free Report) had its price objective lifted by analysts at Evercore ISI from $1,275.00 to $1,400.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the medical instruments supplier's stock. Evercore ISI's price objective would suggest a potential upside of 6.00% from the stock's previous close.

Other analysts have also recently issued reports about the company. Barclays increased their price objective on Mettler-Toledo International from $1,325.00 to $1,350.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. 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 report on Monday, August 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Mettler-Toledo International in a report on Saturday, September 27th. Citigroup increased their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Finally, Bank of America raised their price objective 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. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and a consensus price target of $1,342.22.

Mettler-Toledo International Price Performance

NYSE MTD traded down $24.47 during trading hours on Tuesday, reaching $1,320.81. The company's stock had a trading volume of 84,900 shares, compared to its average volume of 167,393. The firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 3.94 and a beta of 1.37. Mettler-Toledo International has a 1-year low of $946.69 and a 1-year high of $1,486.76. The company's 50-day moving average is $1,273.95 and its two-hundred day moving average is $1,187.04.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $957.41 million. During the same period in the prior year, the business earned $9.65 earnings per share. The business's 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. Equities analysts forecast that Mettler-Toledo International will post 42.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $1,325.00, for a total transaction of $397,500.00. Following the transaction, the chief financial officer owned 5,095 shares in the company, valued at approximately $6,750,875. The trade was a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gerry Keller sold 165 shares of the business's stock in a transaction 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 completion of the transaction, the insider owned 94 shares in the company, valued at $123,012.16. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,827 shares of company stock valued at $2,371,208. Company insiders own 0.77% of the company's stock.

Institutional Investors Weigh In On Mettler-Toledo International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Merit Financial Group LLC acquired a new stake in shares of Mettler-Toledo International in the 1st quarter worth approximately $511,000. UMB Bank n.a. lifted its stake in shares of Mettler-Toledo International by 13.4% in the 1st quarter. UMB Bank n.a. now owns 144 shares of the medical instruments supplier's stock worth $170,000 after acquiring an additional 17 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Mettler-Toledo International by 7.2% in the 1st quarter. Park Avenue Securities LLC now owns 297 shares of the medical instruments supplier's stock worth $351,000 after acquiring an additional 20 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Mettler-Toledo International by 39.1% in the 1st quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock worth $103,000 after acquiring an additional 25 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Mettler-Toledo International by 11.2% in the 1st quarter. GAMMA Investing LLC now owns 327 shares of the medical instruments supplier's stock worth $386,000 after acquiring an additional 33 shares during the period. Institutional investors 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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