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.

Mettler-Toledo International Trading Up 2.4 %

NYSE:MTD opened at $1,346.78 on Thursday. The stock has a 50-day simple moving average of $1,217.69 and a 200-day simple moving average of $1,307.85. The stock has a market cap of $30.32 billion, a P/E ratio of 37.95, a P/E/G ratio of 3.24 and a beta of 1.12. Mettler-Toledo International has a 1 year low of $1,082.78 and a 1 year high of $1,714.75. The company has a debt-to-equity ratio of 250.82, a quick ratio of 0.77 and a current ratio of 1.18.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MTD. Wells Fargo & Company upgraded Mettler-Toledo International from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $1,600.00 to $1,410.00 in a research report on Monday, April 25th. TheStreet downgraded Mettler-Toledo International from a "b" rating to a "c+" rating in a report on Thursday, July 28th. Robert W. Baird boosted their price objective on 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. UBS Group initiated coverage on Mettler-Toledo International in a report on Wednesday, July 20th. They issued a "neutral" rating and a $1,237.00 price objective on the stock. Finally, The Goldman Sachs Group cut their price objective 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. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $1,298.25.

Insider Activity at Mettler-Toledo International

In related news, Director Wah-Hui Chu sold 300 shares of the company's stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $1,268.00, for a total value of $380,400.00. Following the completion of the sale, the director now directly owns 3,075 shares of the company's stock, valued at approximately $3,899,100. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Shawn Vadala sold 400 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $1,245.00, for a total value of $498,000.00. Following the completion of the transaction, the chief financial officer now directly owns 4,900 shares of the company's stock, valued at approximately $6,100,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wah-Hui Chu sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, May 13th. The stock was sold at an average price of $1,268.00, for a total value of $380,400.00. Following the transaction, the director now directly owns 3,075 shares of the company's stock, valued at $3,899,100. The disclosure for this sale can be found here. Insiders sold a total of 47,923 shares of company stock valued at $61,105,444 in the last three months. 2.80% of the stock is currently owned by company insiders.