Shares of Mettler-Toledo International Inc. (NYSE:MTD) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $638.00.
A number of research analysts recently issued reports on the company. Bank of America restated a “neutral” rating and set a $755.00 price target (up previously from $725.00) on shares of Mettler-Toledo International in a report on Tuesday, April 16th. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Barclays restated a “hold” rating on shares of Mettler-Toledo International in a report on Wednesday, May 15th. Finally, ValuEngine downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Monday, May 13th.
Shares of MTD traded down $4.95 during trading hours on Thursday, hitting $719.13. The company had a trading volume of 178,935 shares, compared to its average volume of 178,240. The company has a market cap of $17.77 billion, a P/E ratio of 35.39, a P/E/G ratio of 2.30 and a beta of 1.33. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.80. Mettler-Toledo International has a 52-week low of $500.74 and a 52-week high of $762.90.
In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,300 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $685.50, for a total transaction of $891,150.00. Following the sale, the director now directly owns 5,894 shares of the company’s stock, valued at approximately $4,040,337. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Oliver A. Filliol sold 34,000 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $724.47, for a total value of $24,631,980.00. Following the sale, the insider now directly owns 29,632 shares in the company, valued at $21,467,495.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,900 shares of company stock worth $30,300,330. 3.50% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC bought a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $27,000. Permanens Capital L.P. bought a new stake in Mettler-Toledo International during the 1st quarter valued at approximately $29,000. Executive Wealth Management LLC bought a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $33,000. MARSHALL WACE ASIA Ltd bought a new stake in Mettler-Toledo International during the 1st quarter valued at approximately $44,000. Finally, First Personal Financial Services boosted its position in Mettler-Toledo International by 38.2% during the 4th quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after acquiring an additional 26 shares in the last quarter. 95.75% of the stock is currently owned by institutional investors and hedge funds.
About Mettler-Toledo International
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
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