Mettler-Toledo International - MTD Stock Forecast, Price & News

Mettler-Toledo International Inc. engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments. Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection, x-ray, checkweighing, camera-based imaging equipment, track-and-trace solutions, and product inspection systems. The company's retail weighing solutions consist of networked scales and software, stand-alone scales, and automated packaging and labeling solutions for handling fresh goods. It serves the life science industry, independent research organizations, and testing labs; food and beverage manufacturers; food retailers; chemical, specialty chemical, and cosmetics companies; food retailers; transportation and logistics, metals, and electronics industries; and the academic community through its direct sales force and indirect distribution channels. The company was incorporated in 1991 and is based in Columbus, Ohio.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Mettler-Toledo International in a research report on Wednesday, July 20th. They set a "neutral" rating and a $1,237.00 price objective for the company. Wells Fargo & Company raised Mettler-Toledo International from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $1,600.00 to $1,410.00 in a report on Monday, April 25th. TheStreet cut Mettler-Toledo International from a "b" rating to a "c+" rating in a report on Thursday, July 28th. The Goldman Sachs Group reduced their price target on Mettler-Toledo International from $1,280.00 to $1,140.00 and set a "sell" rating on the stock in a report on Thursday, July 14th. Finally, Robert W. Baird raised their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,406.00 and gave the company a "neutral" rating in a report on Monday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $1,298.25.

Mettler-Toledo International Trading Up 0.3 %

Shares of Mettler-Toledo International stock traded up $3.44 during midday trading on Monday, reaching $1,367.54. The company had a trading volume of 2,827 shares, compared to its average volume of 130,927. The stock has a fifty day moving average price of $1,219.40 and a 200 day moving average price of $1,305.37. Mettler-Toledo International has a fifty-two week low of $1,082.78 and a fifty-two week high of $1,714.75. The firm has a market cap of $30.78 billion, a PE ratio of 38.45, a P/E/G ratio of 3.36 and a beta of 1.12. The company has a debt-to-equity ratio of 250.82, a current ratio of 1.18 and a quick ratio of 0.77.

Mettler-Toledo International (NYSE:MTD - Get Rating) last posted its quarterly earnings data on Friday, July 29th. The medical instruments supplier reported $9.39 EPS for the quarter, beating analysts' consensus estimates of $8.78 by $0.61. Mettler-Toledo International had a net margin of 21.23% and a return on equity of 799.34%. The company had revenue of $978.39 million for the quarter, compared to analyst estimates of $951.81 million. During the same period in the prior year, the firm posted $8.10 EPS. The company's quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that Mettler-Toledo International will post 38.96 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Christian Magloth sold 1,500 shares of the company's stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $1,351.03, for a total transaction of $2,026,545.00. Following the sale, the insider now owns 438 shares in the company, valued at approximately $591,751.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Peter Aggersbjerg sold 1,797 shares of the business's stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $1,300.00, for a total value of $2,336,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christian Magloth sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $1,351.03, for a total value of $2,026,545.00. Following the completion of the transaction, the insider now owns 438 shares in the company, valued at approximately $591,751.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,852 shares of company stock worth $56,952,471. Company insiders own 2.80% of the company's stock.