Mettler-Toledo International (NYSE:MTD) Downgraded to “Hold” at ValuEngine

ValuEngine lowered shares of Mettler-Toledo International (NYSE:MTD) from a buy rating to a hold rating in a research report released on Thursday morning, ValuEngine reports.

Several other analysts also recently issued reports on the company. Bank of America restated a neutral rating and set a $755.00 price objective (up previously from $725.00) on shares of Mettler-Toledo International in a report on Tuesday, April 16th. Wolfe Research started coverage on Mettler-Toledo International in a report on Thursday, May 30th. They set a peer perform rating on the stock. Barclays downgraded Mettler-Toledo International from an equal weight rating to an underweight rating and set a $680.00 price objective on the stock. in a report on Monday, July 15th. Finally, Zacks Investment Research downgraded Mettler-Toledo International from a buy rating to a hold rating and set a $811.00 price objective on the stock. in a report on Friday, June 7th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of Hold and a consensus target price of $688.60.

NYSE MTD traded down $42.97 on Thursday, hitting $717.82. 480,142 shares of the company were exchanged, compared to its average volume of 196,697. The company’s 50 day moving average price is $818.91. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.80. The company has a market cap of $18.77 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.42 and a beta of 1.33. Mettler-Toledo International has a twelve month low of $500.74 and a twelve month high of $873.51.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $5.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.09 by $0.07. The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $736.23 million. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.65 EPS. Equities research analysts expect that Mettler-Toledo International will post 22.7 earnings per share for the current fiscal year.

In other Mettler-Toledo International news, insider La Guerroniere Marc De sold 4,625 shares of Mettler-Toledo International stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $750.00, for a total transaction of $3,468,750.00. Following the transaction, the insider now owns 16,610 shares of the company’s stock, valued at approximately $12,457,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Shawn Vadala sold 700 shares of Mettler-Toledo International stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $721.00, for a total value of $504,700.00. Following the transaction, the chief financial officer now directly owns 5,450 shares in the company, valued at approximately $3,929,450. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,925 shares of company stock worth $35,650,928. Company insiders own 3.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Mettler-Toledo International by 2.4% in the 1st quarter. FMR LLC now owns 2,370,745 shares of the medical instruments supplier’s stock valued at $1,714,049,000 after buying an additional 56,298 shares in the last quarter. BlackRock Inc. grew its stake in shares of Mettler-Toledo International by 1.2% in the 1st quarter. BlackRock Inc. now owns 1,730,767 shares of the medical instruments supplier’s stock valued at $1,251,346,000 after buying an additional 21,093 shares in the last quarter. Fiera Capital Corp grew its stake in shares of Mettler-Toledo International by 4.7% in the 1st quarter. Fiera Capital Corp now owns 738,073 shares of the medical instruments supplier’s stock valued at $533,627,000 after buying an additional 33,347 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Mettler-Toledo International by 1.0% in the 1st quarter. Baillie Gifford & Co. now owns 633,141 shares of the medical instruments supplier’s stock valued at $457,761,000 after buying an additional 6,033 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Mettler-Toledo International by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 345,645 shares of the medical instruments supplier’s stock valued at $195,168,000 after buying an additional 20,079 shares in the last quarter. 95.46% of the stock is 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.

Featured Article: How to Invest in the Dividend Aristocrat Index

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.