Mettler-Toledo International Inc. (NYSE:MTD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $1,233.25.

Several research firms have recently issued reports on MTD. Evercore ISI increased their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday.

Mettler-Toledo International Trading Down 0.3 %

NYSE MTD opened at $1,188.54 on Monday. The company has a 50-day moving average price of $1,269.63 and a two-hundred day moving average price of $1,170.88. Mettler-Toledo International has a 52 week low of $928.49 and a 52 week high of $1,577.91. The stock has a market cap of $25.42 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 3.27 and a beta of 1.15.

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

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 400 shares of the stock in a transaction 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 completion of the sale, the insider now owns 734 shares in the company, valued at $938,587.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Elisha W. Finney sold 251 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the transaction, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christian Magloth sold 400 shares of the 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 transaction of $511,492.00. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders have sold a total of 951 shares of company stock valued at $1,170,256 over the last ninety days. Corporate insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Mettler-Toledo International

Hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Mettler-Toledo International by 8.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 176 shares of the medical instruments supplier’s stock valued at $242,000 after purchasing an additional 13 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Mettler-Toledo International by 19.7% in the first quarter. Raymond James Trust N.A. now owns 176 shares of the medical instruments supplier’s stock worth $242,000 after buying an additional 29 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Mettler-Toledo International by 48.9% during the 1st quarter. Vontobel Holding Ltd. now owns 834 shares of the medical instruments supplier’s stock worth $1,172,000 after acquiring an additional 274 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Mettler-Toledo International by 4.2% during the 1st quarter. Sei Investments Co. now owns 16,305 shares of the medical instruments supplier’s stock valued at $21,817,000 after acquiring an additional 662 shares during the last quarter. Finally, Prudential PLC acquired a new stake in Mettler-Toledo International in the 1st quarter worth approximately $626,000. 95.07% 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 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.