Mettler-Toledo International, Inc. (NYSE:MTD)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. They currently have a $550.00 price objective on the medical instruments supplier’s stock. Jefferies Group LLC’s price objective would indicate a potential downside of 4.85% from the stock’s current price.
Other equities research analysts have also issued reports about the company. BidaskClub raised Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 price objective for the company in a report on Wednesday, June 7th. Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $565.00 price objective (up previously from $533.00) on shares of Mettler-Toledo International in a report on Saturday, July 22nd. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mettler-Toledo International presently has an average rating of “Buy” and an average target price of $523.43.
Mettler-Toledo International (NYSE MTD) traded down 2.88% during trading on Thursday, hitting $578.06. 304,856 shares of the company’s stock traded hands. The company has a market cap of $14.89 billion, a PE ratio of 35.55 and a beta of 1.14. The company’s 50 day moving average price is $595.03 and its 200 day moving average price is $518.73. Mettler-Toledo International has a 52-week low of $386.01 and a 52-week high of $618.13.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.46% and a net margin of 16.60%. The firm had revenue of $653.70 million during the quarter, compared to analyst estimates of $646.68 million. During the same period last year, the firm posted $3.22 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. Analysts expect that Mettler-Toledo International will post $17.27 earnings per share for the current year.
In other Mettler-Toledo International news, Director Wah-Hui Chu sold 500 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $567.00, for a total value of $283,500.00. Following the completion of the transaction, the director now owns 3,243 shares in the company, valued at approximately $1,838,781. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 700 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $543.64, for a total value of $380,548.00. Following the completion of the transaction, the chief financial officer now owns 6,225 shares of the company’s stock, valued at approximately $3,384,159. The disclosure for this sale can be found here. In the last three months, insiders sold 52,046 shares of company stock valued at $28,826,702. 5.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MTD. Israel Discount Bank of New York bought a new stake in Mettler-Toledo International during the first quarter valued at $102,000. YorkBridge Wealth Partners LLC increased its stake in Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock valued at $115,000 after buying an additional 22 shares during the last quarter. TLP Group LLC bought a new stake in Mettler-Toledo International during the first quarter valued at $144,000. Penserra Capital Management LLC increased its stake in Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock valued at $198,000 after buying an additional 36 shares during the last quarter. Finally, Fernwood Investment Management LLC bought a new stake in Mettler-Toledo International during the first quarter valued at $204,000. Institutional investors and hedge funds own 95.42% of the company’s stock.
Mettler-Toledo International Company Profile
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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