Mettler-Toledo International (NYSE:MTD) Price Target Raised to $1,725.00

Mettler-Toledo International (NYSE:MTD) had its price target lifted by JPMorgan Chase & Co. from $1,550.00 to $1,725.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the medical instruments supplier’s stock.

Other research analysts also recently issued reports about the stock. UBS Group began coverage on shares of Mettler-Toledo International in a research note on Wednesday, September 9th. They set a “neutral” rating and a $1,460.00 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,600.00 to $1,900.00 and gave the stock a “buy” rating in a research report on Monday. Rothschild & Co Redburn initiated coverage on shares of Mettler-Toledo International in a research note on Wednesday, September 2nd. They issued a “sell” rating and a $1,200.00 target price on the stock. Robert W. Baird increased their price target on shares of Mettler-Toledo International from $1,608.00 to $1,815.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Weiss Ratings upgraded Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,595.77.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,750.03 on Monday. The stock has a market cap of $34.81 billion, a P/E ratio of 37.83, a price-to-earnings-growth ratio of 3.49 and a beta of 1.16. The company has a current ratio of 1.10, a quick ratio of 0.75 and a debt-to-equity ratio of 25.28. The stock has a 50 day moving average of $1,546.33 and a 200-day moving average of $1,350.82. Mettler-Toledo International has a 52 week low of $1,023.05 and a 52 week high of $1,806.58.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, November 5th. The medical instruments supplier reported $12.57 earnings per share for the quarter, topping analysts’ consensus estimates of $12.13 by $0.44. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Mettler-Toledo International had a net margin of 22.25% and a return on equity of 15,012.71%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $11.15 earnings per share. On average, analysts expect that Mettler-Toledo International will post 47.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Patrick Kaltenbach sold 942 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the transaction, the chief executive officer directly owned 4,480 shares in the company, valued at $6,384,000. This trade represents a 17.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gerry Keller sold 435 shares of Mettler-Toledo International stock in a transaction on Monday, November 9th. The stock was sold at an average price of $1,734.05, for a total transaction of $754,311.75. Following the completion of the transaction, the insider directly owned 259 shares of the company’s stock, valued at approximately $449,118.95. This represents a 62.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.71% of the stock is currently owned by insiders.

Institutional Trading of Mettler-Toledo International

Institutional investors have recently added to or reduced their stakes in the business. North Dakota State Investment Board raised its holdings in shares of Mettler-Toledo International by 1.0% during the third quarter. North Dakota State Investment Board now owns 617 shares of the medical instruments supplier’s stock worth $932,000 after purchasing an additional 6 shares during the period. Plan A Wealth LLC boosted its holdings in shares of Mettler-Toledo International by 1.9% in the 3rd quarter. Plan A Wealth LLC now owns 373 shares of the medical instruments supplier’s stock valued at $564,000 after buying an additional 7 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Mettler-Toledo International by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,794 shares of the medical instruments supplier’s stock valued at $4,222,000 after buying an additional 7 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of Mettler-Toledo International by 3.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 212 shares of the medical instruments supplier’s stock valued at $320,000 after buying an additional 7 shares during the period. Finally, Frank Rimerman Advisors LLC grew its position in shares of Mettler-Toledo International by 2.2% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 372 shares of the medical instruments supplier’s stock valued at $562,000 after buying an additional 8 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International develops and manufactures precision instruments and systems used in laboratory, industrial, and retail settings. Its products include laboratory balances and analytical instruments, industrial scales and weighing systems, and equipment for measuring and monitoring production processes. The company also supplies product-inspection systems, including checkweighers, metal detectors, and X-ray inspection equipment, along with related software, installation, maintenance, and calibration services.