Mettler-Toledo International Inc. (NYSE:MTD) Short Interest Update

Mettler-Toledo International Inc. (NYSE:MTD - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 546,100 shares, a growth of 46.8% from the March 31st total of 372,000 shares. Approximately 2.7% of the company's stock are sold short. Based on an average daily volume of 178,400 shares, the days-to-cover ratio is presently 3.1 days.

Wall Street Analyst Weigh In

MTD has been the subject of several recent research reports. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a research report on Monday, April 7th. StockNews.com lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday. Robert W. Baird decreased their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company boosted their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price target for the stock from $1,200.00 to $1,110.00 in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International presently has a consensus rating of "Hold" and an average price target of $1,296.13.

Insider Activity at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares of the company's stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Institutional Trading of Mettler-Toledo International

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after purchasing an additional 8 shares in the last quarter. M3 Advisory Group LLC raised its holdings in Mettler-Toledo International by 5.8% during the 4th quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock valued at $202,000 after buying an additional 9 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of Mettler-Toledo International by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock worth $451,000 after buying an additional 9 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Mettler-Toledo International by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock worth $374,000 after purchasing an additional 9 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in Mettler-Toledo International by 0.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier's stock valued at $2,549,000 after acquiring an additional 10 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Up 0.8 %

Shares of MTD traded up $8.22 during mid-day trading on Wednesday, hitting $1,071.59. 74,953 shares of the company's stock were exchanged, compared to its average volume of 145,989. The firm has a fifty day moving average of $1,129.03 and a two-hundred day moving average of $1,228.33. Mettler-Toledo International has a twelve month low of $946.69 and a twelve month high of $1,546.93. The stock has a market cap of $22.33 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The business's quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company earned $8.89 EPS. On average, equities analysts predict that Mettler-Toledo International will post 42.71 earnings per share for the current year.

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.