Mettler-Toledo International (NYSE:MTD) Research Coverage Started at Royal Bank Of Canada

Royal Bank Of Canada began coverage on shares of Mettler-Toledo International (NYSE:MTD) in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage issued a sector perform rating and a $1,515.00 price objective on the medical instruments supplier’s stock.

MTD has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Barclays lifted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Morgan Stanley boosted their target price on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Stifel Nicolaus upped their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group raised their price target on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $1,445.31.

Mettler-Toledo International Stock Down 0.8%

Shares of NYSE:MTD opened at $1,357.19 on Tuesday. The business has a 50-day moving average price of $1,360.01 and a 200 day moving average price of $1,274.24. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The company has a market capitalization of $27.20 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.81 and a beta of 1.22. Mettler-Toledo International has a 12-month low of $1,023.05 and a 12-month high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. Mettler-Toledo International’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $10.09 EPS. Sell-side analysts expect that Mettler-Toledo International will post 47.35 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Gerry Keller sold 240 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the sale, the insider directly owned 259 shares of the company’s stock, valued at $369,629.26. This represents a 48.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick Kaltenbach sold 942 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the sale, the chief executive officer directly owned 4,480 shares in the company, valued at approximately $6,384,000. The trade was a 17.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,254 shares of company stock worth $6,092,712 over the last ninety days. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Mettler-Toledo International

Several institutional investors have recently modified their holdings of the business. Meridian Wealth Management LLC raised its stake in shares of Mettler-Toledo International by 1.7% in the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock valued at $680,000 after acquiring an additional 8 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Mettler-Toledo International by 2.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after purchasing an additional 8 shares in the last quarter. Values First Advisors Inc. increased its holdings in Mettler-Toledo International by 1.3% during the 1st quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock worth $789,000 after purchasing an additional 8 shares during the period. Torray Investment Partners LLC increased its holdings in Mettler-Toledo International by 0.5% during the 1st quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock worth $2,115,000 after purchasing an additional 8 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Mettler-Toledo International by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 927 shares of the medical instruments supplier’s stock valued at $1,181,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.