Mettler-Toledo International, Inc. (NYSE:MTD) had its price target lifted by Robert W. Baird from $605.00 to $675.00 in a report released on Friday. Robert W. Baird currently has a neutral rating on the medical instruments supplier’s stock.
MTD has been the topic of a number of other research reports. Bank of America Corporation boosted their target price on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a buy rating in a research report on Monday, October 9th. Zacks Investment Research lowered shares of Mettler-Toledo International from a buy rating to a hold rating in a research report on Tuesday, September 26th. Jefferies Group LLC reaffirmed a hold rating and set a $550.00 target price on shares of Mettler-Toledo International in a research report on Thursday, July 27th. BidaskClub raised shares of Mettler-Toledo International from a buy rating to a strong-buy rating in a research report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $690.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $621.57.
Shares of Mettler-Toledo International (MTD) traded down $11.30 during mid-day trading on Friday, reaching $634.70. The company’s stock had a trading volume of 131,176 shares, compared to its average volume of 116,728. Mettler-Toledo International has a 1-year low of $407.86 and a 1-year high of $694.48. The company has a market capitalization of $16,524.11, a P/E ratio of 38.22, a P/E/G ratio of 2.95 and a beta of 1.13. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, beating the Zacks’ consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The company had revenue of $698.80 million for the quarter, compared to analyst estimates of $685.56 million. During the same quarter last year, the firm posted $3.89 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. research analysts predict that Mettler-Toledo International will post 17.45 EPS for the current year.
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In other Mettler-Toledo International news, insider Waldemar Rauch sold 2,203 shares of Mettler-Toledo International stock in a transaction on Monday, August 28th. The shares were sold at an average price of $594.27, for a total transaction of $1,309,176.81. Following the sale, the insider now owns 7,771 shares in the company, valued at $4,618,072.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Caratsch sold 3,000 shares of Mettler-Toledo International stock in a transaction on Monday, August 14th. The stock was sold at an average price of $582.03, for a total transaction of $1,746,090.00. Following the sale, the insider now owns 2,270 shares in the company, valued at approximately $1,321,208.10. The disclosure for this sale can be found here. Insiders have sold 21,181 shares of company stock worth $12,586,582 in the last quarter. Corporate insiders own 5.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Personal Financial Services boosted its stake in shares of Mettler-Toledo International by 2.8% in the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after purchasing an additional 5 shares in the last quarter. Sun Life Financial INC boosted its stake in shares of Mettler-Toledo International by 2,585.7% in the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock valued at $111,000 after purchasing an additional 181 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at $118,000. CAPROCK Group Inc. acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at $205,000. Finally, Personal Capital Advisors Corp acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at $206,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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