Citigroup Cuts Mettler-Toledo International (NYSE:MTD) Price Target to $1,400.00

Mettler-Toledo International (NYSE:MTD) had its price target lowered by stock analysts at Citigroup from $1,450.00 to $1,400.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the medical instruments supplier’s stock. Citigroup’s target price points to a potential upside of 12.30% from the stock’s current price.

Several other research analysts have also issued reports on MTD. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating for the company. Wells Fargo & Company increased their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Stifel Nicolaus reduced their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Robert W. Baird lifted their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and an average target price of $1,380.50.

Mettler-Toledo International Trading Down 1.7 %

NYSE:MTD traded down $21.94 during mid-day trading on Tuesday, reaching $1,246.71. 53,118 shares of the stock were exchanged, compared to its average volume of 136,814. The business has a fifty day moving average price of $1,291.90 and a 200 day moving average price of $1,327.92. The firm has a market capitalization of $26.08 billion, a PE ratio of 30.74, a PEG ratio of 3.30 and a beta of 1.13. Mettler-Toledo International has a 1-year low of $1,142.91 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. On average, sell-side analysts forecast that Mettler-Toledo International will post 42.71 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 600 shares of the firm’s 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 transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTD. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International during the fourth quarter worth $33,000. Ashton Thomas Securities LLC acquired a new stake in Mettler-Toledo International during the 3rd quarter worth $37,000. Edmond DE Rothschild Holding S.A. bought a new position in Mettler-Toledo International during the fourth quarter worth about $44,000. Blue Trust Inc. grew its stake in Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after acquiring an additional 17 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International in the fourth quarter worth about $54,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

About Mettler-Toledo International

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.