Mettler-Toledo International (NYSE:MTD) Upgraded at StockNews.com

Mettler-Toledo International (NYSE:MTD) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Separately, Evercore ISI boosted their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1,233.25.

Mettler-Toledo International Trading Up 1.4 %

MTD stock traded up $17.15 during mid-day trading on Monday, hitting $1,255.24. The stock had a trading volume of 111,632 shares, compared to its average volume of 139,158. The firm has a fifty day simple moving average of $1,275.74 and a 200 day simple moving average of $1,178.52. Mettler-Toledo International has a 52 week low of $928.49 and a 52 week high of $1,525.14. The firm has a market capitalization of $26.85 billion, a P/E ratio of 34.97, a P/E/G ratio of 3.38 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data 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). Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The firm had revenue of $934.90 million during the quarter, compared to the consensus estimate of $959.45 million. During the same period last year, the business earned $12.10 earnings per share. The business’s revenue was down 11.6% compared to the same quarter last year. As a group, equities 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 related news, Director Elisha W. Finney sold 251 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the sale, the director now owns 316 shares of the company’s stock, valued at approximately $372,042.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $938,587.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the transaction, the director now owns 316 shares in the company, valued at approximately $372,042.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 951 shares of company stock worth $1,170,256. Corporate insiders own 1.94% of the company’s stock.

Institutional Trading of Mettler-Toledo International

Institutional investors and hedge funds have recently bought and sold shares of the stock. MV Capital Management Inc. lifted its stake 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 worth $25,000 after acquiring an additional 13 shares during the period. Rise Advisors LLC bought a new position in Mettler-Toledo International during the 1st quarter worth approximately $25,000. CVA Family Office LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $27,000. Spartan Planning & Wealth Management acquired a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $27,000. Finally, Bellevue Group AG bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $30,000. 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.