Mettler-Toledo International Inc. (MTD) Receives Consensus Recommendation of “Hold” from Analysts

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.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $4.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.06 by $0.04. The firm had revenue of $679.50 million for the quarter, compared to the consensus estimate of $673.55 million. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.74 earnings per share. Equities research analysts forecast that Mettler-Toledo International will post 22.7 earnings per share for the current fiscal year.

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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Analyst Recommendations for Mettler-Toledo International (NYSE:MTD)

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