Mettler Toledo (NYSE:MTD) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $635.56.
Several analysts recently issued reports on the company. Barclays assumed coverage on Mettler Toledo in a research note on Thursday, January 4th. They set an “equal weight” rating and a $625.00 target price on the stock. Evercore ISI started coverage on Mettler Toledo in a research note on Wednesday, January 3rd. They set an “in-line” rating and a $625.00 target price on the stock. Citigroup upgraded Mettler Toledo from a “neutral” rating to a “buy” rating and raised their price target for the company from $685.00 to $692.00 in a report on Friday, February 9th. Robert W. Baird cut their price target on Mettler Toledo from $675.00 to $630.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Finally, Deutsche Bank raised their price target on Mettler Toledo from $600.00 to $630.00 and gave the company a “hold” rating in a report on Thursday, March 1st.
In other news, insider Michael Heidingsfelder sold 3,000 shares of Mettler Toledo stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $590.39, for a total value of $1,771,170.00. Following the completion of the transaction, the insider now owns 3,000 shares in the company, valued at approximately $1,771,170. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Waldemar Rauch sold 3,568 shares of Mettler Toledo stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $616.72, for a total value of $2,200,456.96. Following the completion of the transaction, the insider now owns 3,368 shares of the company’s stock, valued at approximately $2,077,112.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,268 shares of company stock valued at $17,497,059. Company insiders own 4.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in MTD. USA Mutuals Advisors Inc. purchased a new position in Mettler Toledo during the 4th quarter valued at $101,000. Steward Partners Investment Advisory LLC purchased a new position in Mettler Toledo during the 3rd quarter valued at $125,000. Lourd Capital LLC purchased a new position in Mettler Toledo during the 4th quarter valued at $211,000. Quadrant Private Wealth Management LLC purchased a new position in Mettler Toledo during the 4th quarter valued at $232,000. Finally, IFM Investors Pty Ltd purchased a new position in Mettler Toledo during the 3rd quarter valued at $237,000. Hedge funds and other institutional investors own 92.33% of the company’s stock.
MTD traded up $1.53 on Wednesday, hitting $578.29. 5,665 shares of the company’s stock traded hands, compared to its average volume of 174,597. The company has a market capitalization of $14,691.71, a PE ratio of 32.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20. Mettler Toledo has a one year low of $494.59 and a one year high of $697.26. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75.
Mettler Toledo (NYSE:MTD) last issued its earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.93 by $0.04. The company had revenue of $778.03 million for the quarter, compared to the consensus estimate of $764.26 million. Mettler Toledo had a return on equity of 94.54% and a net margin of 13.80%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $5.28 EPS. equities research analysts predict that Mettler Toledo will post 20.24 earnings per share for the current year.
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About Mettler Toledo
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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