Mettler-Toledo International, Inc. (NYSE:MTD) Stock Has Consensus Price Target of $1,469.15 According to Brokerages

Mettler-Toledo International, Inc. (NYSE:MTD) has received a consensus rating of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $1,469.15.

MTD has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Morgan Stanley lifted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the company an “equal weight” rating in a report on Tuesday, October 13th. Jefferies Financial Group boosted their price target on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company raised their price objective on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, UBS Group started coverage on Mettler-Toledo International in a report on Wednesday, September 9th. They issued a “neutral” rating and a $1,460.00 target price on the stock.

Mettler-Toledo International Trading Up 1.0%

Shares of Mettler-Toledo International stock opened at $1,715.97 on Tuesday. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The company has a fifty day moving average of $1,489.03 and a 200 day moving average of $1,339.15. The company has a market capitalization of $34.39 billion, a P/E ratio of 37.85, a P/E/G ratio of 3.42 and a beta of 1.19. Mettler-Toledo International has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,728.66.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.09 earnings per share. On average, sell-side analysts anticipate that Mettler-Toledo International will post 47.38 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the sale, the insider owned 259 shares of the company’s stock, valued at $369,629.26. The trade was a 48.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Salice sold 417 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the sale, the director owned 292 shares in the company, valued at $420,599.72. This represents a 58.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 4,254 shares of company stock worth $6,092,712. 0.71% of the stock is owned by corporate insiders.

Institutional Trading of Mettler-Toledo International

Institutional investors have recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International during the 1st quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Mettler-Toledo International during the second quarter valued at about $26,000. Transamerica Financial Advisors LLC purchased a new stake in shares of Mettler-Toledo International during the second quarter worth about $32,000. Root Financial Partners LLC lifted its stake in shares of Mettler-Toledo International by 45.5% during the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after buying an additional 10 shares during the period. Finally, Principia Wealth Advisory LLC boosted its position in Mettler-Toledo International by 2,050.0% in the second quarter. Principia Wealth Advisory LLC now owns 43 shares of the medical instruments supplier’s stock valued at $55,000 after buying an additional 41 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

About Mettler-Toledo International

Mettler-Toledo International Inc (NYSE: MTD) develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company’s laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.