Wolfe Research Begins Coverage on Mettler-Toledo International (NYSE:MTD)

Wolfe Research initiated coverage on shares of Mettler-Toledo International (NYSE:MTD) in a research note issued to investors on Friday. The brokerage set a “peer perform” rating on the medical instruments supplier’s stock.

Several other research firms have also recently commented on MTD. Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their target price for the company from $1,200.00 to $1,300.00 in a research note on Wednesday. Wells Fargo & Company dropped their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Evercore ISI increased their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Robert W. Baird dropped their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Finally, Stifel Nicolaus decreased their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $1,351.25.

Mettler-Toledo International Trading Up 0.0 %

NYSE MTD opened at $1,276.98 on Friday. The company has a 50-day moving average price of $1,305.85 and a two-hundred day moving average price of $1,376.86. Mettler-Toledo International has a 52 week low of $1,115.64 and a 52 week high of $1,546.93. The stock has a market cap of $26.95 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 4.19 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. As a group, equities research analysts expect that Mettler-Toledo International will post 40.42 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the sale, the insider now owns 6 shares in the company, valued at $7,524.54. This represents a 95.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the sale, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Hedge Funds Weigh In On Mettler-Toledo International

Hedge funds have recently added to or reduced their stakes in the company. DGS Capital Management LLC bought a new position in shares of Mettler-Toledo International during the 3rd quarter valued at $237,000. Retirement Systems of Alabama raised its holdings in Mettler-Toledo International by 610.4% during the third quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier’s stock valued at $50,183,000 after buying an additional 28,752 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Mettler-Toledo International in the third quarter worth about $1,164,000. Tidal Investments LLC boosted its stake in shares of Mettler-Toledo International by 1,073.6% during the 3rd quarter. Tidal Investments LLC now owns 16,407 shares of the medical instruments supplier’s stock worth $24,606,000 after acquiring an additional 15,009 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Mettler-Toledo International during the 3rd quarter valued at about $111,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

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.