Mettler-Toledo International (NYSE:MTD) PT Raised to $1,360.00 at Robert W. Baird

Mettler-Toledo International (NYSE:MTD) had its price target lifted by Robert W. Baird from $1,212.00 to $1,360.00 in a report released on Monday, Benzinga reports. Robert W. Baird currently has a neutral rating on the medical instruments supplier’s stock.

A number of other brokerages also recently commented on MTD. StockNews.com upgraded shares of Mettler-Toledo International from a hold rating to a buy rating in a research report on Monday, April 29th. Evercore ISI raised 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 research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $1,257.14.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,530.55 on Monday. Mettler-Toledo International has a fifty-two week low of $928.49 and a fifty-two week high of $1,533.34. The firm has a 50-day simple moving average of $1,302.79 and a 200-day simple moving average of $1,206.81. The company has a market capitalization of $32.69 billion, a price-to-earnings ratio of 42.92, a price-to-earnings-growth ratio of 3.96 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. The company had revenue of $925.95 million during the quarter, compared to analysts’ expectations of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the firm earned $8.69 EPS. Equities research analysts forecast that Mettler-Toledo International will post 40.16 EPS for the current year.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the completion of the transaction, the director now directly owns 244 shares of the company’s stock, valued at $363,603.92. The sale was disclosed in a filing with the SEC, which is available at this link. In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the sale, the director now owns 244 shares of the company’s stock, valued at $363,603.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 310 shares of Mettler-Toledo International stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total value of $468,583.60. Following the transaction, the insider now directly owns 6 shares of the company’s stock, valued at approximately $9,069.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,678 shares of company stock valued at $5,288,061. Corporate insiders own 1.94% of the company’s stock.

Institutional Trading of Mettler-Toledo International

Several large investors have recently modified their holdings of the business. Capital International Investors raised its holdings in shares of Mettler-Toledo International by 15.1% in the first quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock worth $1,431,696,000 after acquiring an additional 141,431 shares during the last quarter. Bank of New York Mellon Corp increased its position in Mettler-Toledo International by 169.4% during the 1st quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock worth $763,764,000 after purchasing an additional 360,786 shares in the last quarter. Northern Trust Corp raised its stake in Mettler-Toledo International by 1.2% in the 3rd quarter. Northern Trust Corp now owns 279,146 shares of the medical instruments supplier’s stock valued at $309,313,000 after purchasing an additional 3,371 shares during the last quarter. Morgan Stanley lifted its holdings in Mettler-Toledo International by 9.6% in the 3rd quarter. Morgan Stanley now owns 267,167 shares of the medical instruments supplier’s stock valued at $296,041,000 after purchasing an additional 23,305 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $320,847,000. 95.07% 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 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.