StockNews.com Upgrades Mettler-Toledo International (NYSE:MTD) to “Buy”

Mettler-Toledo International (NYSE:MTD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Separately, Evercore ISI raised their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $1,233.25.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,229.70 on Monday. The stock has a market capitalization of $26.30 billion, a PE ratio of 34.26, a P/E/G ratio of 3.38 and a beta of 1.15. The business has a 50 day simple moving average of $1,276.64 and a two-hundred day simple moving average of $1,179.90. Mettler-Toledo International has a 1-year low of $928.49 and a 1-year high of $1,525.14.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The company had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. Mettler-Toledo International’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $12.10 EPS. On average, analysts anticipate that Mettler-Toledo International will post 39.9 EPS for the current fiscal year.

Insider Activity

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $5,950,018.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $5,950,018.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 951 shares of company stock valued at $1,170,256. Company insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Mettler-Toledo International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC grew its stake in shares of Mettler-Toledo International by 13.3% in the third quarter. AE Wealth Management LLC now owns 187 shares of the medical instruments supplier’s stock valued at $207,000 after buying an additional 22 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Mettler-Toledo International by 45.3% in the third quarter. Exchange Traded Concepts LLC now owns 292 shares of the medical instruments supplier’s stock valued at $324,000 after buying an additional 91 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Mettler-Toledo International by 37.9% in the third quarter. Atlantic Union Bankshares Corp now owns 1,164 shares of the medical instruments supplier’s stock valued at $1,290,000 after buying an additional 320 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Mettler-Toledo International by 32.4% in the third quarter. Commonwealth Equity Services LLC now owns 984 shares of the medical instruments supplier’s stock valued at $1,090,000 after buying an additional 241 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Mettler-Toledo International by 4.8% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,406 shares of the medical instruments supplier’s stock valued at $4,882,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Company Profile

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.