Mettler-Toledo International Inc. (NYSE:MTD – Get Free Report) shares gapped down before the market opened on Friday after Robert W. Baird lowered their price target on the stock from $1,454.00 to $1,366.00. The stock had previously closed at $1,324.14, but opened at $1,260.00. Mettler-Toledo International shares last traded at $1,273.39, with a volume of 75,415 shares.
MTD has been the topic of several other reports. 51job reaffirmed a “maintains” rating on shares of Mettler-Toledo International in a research report on Monday, May 8th. StockNews.com began coverage on Mettler-Toledo International in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Bank of America reduced their price objective on Mettler-Toledo International from $1,650.00 to $1,525.00 in a research report on Sunday, May 7th. Wells Fargo & Company dropped their target price on shares of Mettler-Toledo International from $1,675.00 to $1,660.00 in a research report on Monday, May 8th. Finally, Stifel Nicolaus reduced their price target on shares of Mettler-Toledo International from $1,700.00 to $1,650.00 in a report on Monday, May 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,490.14.
Insider Buying and Selling
In other Mettler-Toledo International news, CFO Shawn Vadala sold 880 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $1,360.61, for a total value of $1,197,336.80. Following the sale, the chief financial officer now owns 4,900 shares of the company’s stock, valued at approximately $6,666,989. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Mettler-Toledo International news, CFO Shawn Vadala sold 880 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $1,360.61, for a total transaction of $1,197,336.80. Following the sale, the chief financial officer now directly owns 4,900 shares of the company’s stock, valued at $6,666,989. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christian Magloth sold 725 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $1,384.65, for a total value of $1,003,871.25. Following the completion of the transaction, the insider now directly owns 730 shares of the company’s stock, valued at $1,010,794.50. The disclosure for this sale can be found here. Insiders sold a total of 3,417 shares of company stock valued at $4,731,561 over the last ninety days. 2.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $26,000. Ronald Blue Trust Inc. raised its stake in shares of Mettler-Toledo International by 72.7% in the first quarter. Ronald Blue Trust Inc. now owns 19 shares of the medical instruments supplier’s stock valued at $28,000 after acquiring an additional 8 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of Mettler-Toledo International by 100.0% in the 1st quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock worth $31,000 after acquiring an additional 10 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Mettler-Toledo International by 43.8% in the 4th quarter. Allworth Financial LP now owns 23 shares of the medical instruments supplier’s stock worth $33,000 after acquiring an additional 7 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its position in Mettler-Toledo International by 84.6% during the 4th quarter. Bell Investment Advisors Inc now owns 24 shares of the medical instruments supplier’s stock worth $35,000 after acquiring an additional 11 shares during the last quarter. 92.89% of the stock is owned by institutional investors.
Mettler-Toledo International Price Performance
The stock has a fifty day moving average of $1,319.66 and a two-hundred day moving average of $1,435.79. The company has a current ratio of 1.28, a quick ratio of 0.86 and a debt-to-equity ratio of 76.98. The stock has a market capitalization of $27.78 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 2.43 and a beta of 1.15.
Mettler-Toledo International (NYSE:MTD – Get Free Report) last announced its earnings results on Thursday, May 4th. The medical instruments supplier reported $8.69 earnings per share for the quarter, beating analysts’ consensus estimates of $8.61 by $0.08. The company had revenue of $928.70 million during the quarter, compared to analyst estimates of $921.19 million. Mettler-Toledo International had a negative return on equity of 4,833.51% and a net margin of 22.45%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $7.87 earnings per share. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 43.85 earnings per share for the current year.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the United States 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, 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.