Mettler-Toledo International (NYSE:MTD) Downgraded to Hold at StockNews.com

Mettler-Toledo International (NYSE:MTD) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Separately, Evercore ISI lifted their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,233.25.

Mettler-Toledo International Trading Down 0.5 %

NYSE MTD traded down $5.47 on Thursday, reaching $1,192.56. 166,943 shares of the company were exchanged, compared to its average volume of 141,957. The business’s fifty day moving average price is $1,269.34 and its 200 day moving average price is $1,170.18. The stock has a market capitalization of $25.51 billion, a P/E ratio of 33.23, a price-to-earnings-growth ratio of 3.35 and a beta of 1.15. Mettler-Toledo International has a fifty-two week low of $928.49 and a fifty-two week high of $1,601.66.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 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 business had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. During the same quarter in the prior year, the firm earned $12.10 EPS. Mettler-Toledo International’s revenue for the quarter was down 11.6% compared to the same quarter last year. Equities research analysts forecast that Mettler-Toledo International will post 39.9 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the sale, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total value of $295,514.85. Following the sale, the director now owns 316 shares in the company, valued at approximately $372,042.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Several large investors have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new position in shares of Mettler-Toledo International during the 1st quarter worth about $25,000. Ancora Advisors LLC boosted its position in shares of Mettler-Toledo International by 100.0% during 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. MV Capital Management Inc. boosted its position in shares of Mettler-Toledo International by 162.5% during the 4th 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 in the last quarter. VitalStone Financial LLC acquired a new position in shares of Mettler-Toledo International during the 1st quarter worth about $37,000. Finally, CVA Family Office LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

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.