Shares of Mettler-Toledo International Inc. (NYSE:MTD) have earned an average rating of “Hold” from the eight analysts that are currently covering the firm. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $445.60.
MTD has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Mettler-Toledo International from a “sell” rating to a “hold” rating and set a $522.00 price target on the stock in a research note on Tuesday, February 7th. Deutsche Bank AG restated a “hold” rating and set a $420.00 price target on shares of Mettler-Toledo International in a research note on Wednesday, January 18th. Finally, Cleveland Research upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Wednesday.
Shares of Mettler-Toledo International (NYSE:MTD) traded down 0.06% during trading on Tuesday, hitting $489.51. 42,320 shares of the stock were exchanged. Mettler-Toledo International has a 52 week low of $343.61 and a 52 week high of $494.78. The firm’s 50 day moving average price is $480.65 and its 200-day moving average price is $440.64. The stock has a market cap of $12.70 billion, a P/E ratio of 34.42 and a beta of 1.14.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 2nd. The medical instruments supplier reported $5.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.12 by $0.16. Mettler-Toledo International had a return on equity of 81.17% and a net margin of 15.32%. The business had revenue of $709.70 million for the quarter, compared to analyst estimates of $701.77 million. During the same quarter in the previous year, the firm earned $4.65 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Mettler-Toledo International will post $16.70 EPS for the current year.
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In related news, insider Simon Kirk sold 218 shares of Mettler-Toledo International stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $484.00, for a total transaction of $105,512.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Oliver A. Filliol sold 15,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $464.30, for a total value of $6,964,500.00. Following the sale, the insider now directly owns 31,279 shares of the company’s stock, valued at approximately $14,522,839.70. The disclosure for this sale can be found here. Insiders have sold 59,241 shares of company stock valued at $27,469,474 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Mettler-Toledo International by 3.5% in the fourth quarter. FMR LLC now owns 2,755,694 shares of the medical instruments supplier’s stock worth $1,153,423,000 after buying an additional 93,274 shares during the last quarter. State Street Corp increased its position in shares of Mettler-Toledo International by 3.2% in the fourth quarter. State Street Corp now owns 1,128,261 shares of the medical instruments supplier’s stock worth $472,252,000 after buying an additional 35,043 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Mettler-Toledo International by 15.1% in the third quarter. Acadian Asset Management LLC now owns 718,822 shares of the medical instruments supplier’s stock worth $301,780,000 after buying an additional 94,565 shares during the last quarter. Fiera Capital Corp increased its position in shares of Mettler-Toledo International by 7.1% in the fourth quarter. Fiera Capital Corp now owns 547,460 shares of the medical instruments supplier’s stock worth $229,144,000 after buying an additional 36,056 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Mettler-Toledo International during the fourth quarter worth about $126,577,000. 96.91% of the stock is owned by institutional investors.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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