The Goldman Sachs Group Raises Mettler-Toledo International (NYSE:MTD) Price Target to $1,300.00

Mettler-Toledo International (NYSE:MTD) had its price target boosted by The Goldman Sachs Group from $1,150.00 to $1,300.00 in a research report released on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the medical instruments supplier’s stock.

A number of other analysts have also commented on MTD. Robert W. Baird lifted their target price on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a neutral rating in a report on Monday, May 13th. StockNews.com lowered Mettler-Toledo International from a buy rating to a hold rating in a report on Wednesday, July 3rd. Citigroup raised their price target on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a sell rating in a research note on Monday, May 13th. Stifel Nicolaus raised their price target on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a buy rating in a research note on Monday, May 13th. Finally, Jefferies Financial Group restated an underperform rating and issued a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $1,301.25.

Mettler-Toledo International Stock Up 2.6 %

MTD stock opened at $1,358.18 on Tuesday. Mettler-Toledo International has a twelve month low of $928.49 and a twelve month high of $1,535.86. The firm has a market cap of $29.01 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 3.57 and a beta of 1.17. The business has a 50 day moving average of $1,418.97 and a 200 day moving average of $1,301.79.

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, beating analysts’ consensus estimates of $7.61 by $1.28. The company had revenue of $925.95 million during the quarter, compared to analyst estimates 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 quarter last year, the company earned $8.69 EPS. On average, research analysts expect that Mettler-Toledo International will post 40.13 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas P. Salice sold 1,268 shares of Mettler-Toledo International stock in a transaction on 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 transaction, the director now owns 244 shares in the company, valued at $363,603.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,278 shares of company stock worth $4,871,849. Corporate insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Mettler-Toledo International

Large investors have recently made changes to their positions in the business. MV Capital Management Inc. lifted its position in shares of Mettler-Toledo International by 162.5% in the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Mettler-Toledo International in the first quarter valued at about $25,000. CVA Family Office LLC purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $27,000. Spartan Planning & Wealth Management purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $27,000. Finally, Bellevue Group AG purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $30,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Company Profile

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.