Mettler-Toledo International (NYSE:MTD) Upgraded to Buy by StockNews.com

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

Separately, Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One equities research 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 currently has an average rating of “Hold” and a consensus price target of $1,233.25.

Mettler-Toledo International Stock Performance

NYSE MTD traded up $17.15 during trading on Monday, reaching $1,255.24. 111,632 shares of the company traded hands, compared to its average volume of 139,158. Mettler-Toledo International has a 1-year low of $928.49 and a 1-year high of $1,525.14. The company has a market cap of $26.85 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 3.38 and a beta of 1.15. The stock’s 50 day moving average price is $1,275.74 and its two-hundred day moving average price is $1,178.52.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing the consensus estimate 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 company had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. During the same period in the prior year, the firm earned $12.10 EPS. Mettler-Toledo International’s quarterly revenue was down 11.6% compared to the same quarter last year. Equities research analysts expect that Mettler-Toledo International will post 39.9 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Rise Advisors LLC acquired a new position in Mettler-Toledo International in the first quarter valued at approximately $25,000. MV Capital Management Inc. lifted its stake in shares of Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after purchasing an additional 13 shares during the period. CVA Family Office LLC bought a new position in shares of Mettler-Toledo International in the 4th quarter worth $27,000. Spartan Planning & Wealth Management bought a new position in shares of Mettler-Toledo International in the 4th quarter worth $27,000. Finally, Bellevue Group AG acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $30,000. Institutional investors 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.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.