Evercore ISI initiated coverage on shares of Mettler-Toledo International (NYSE:MTD) in a research report report published on Wednesday, January 3rd. The brokerage issued an in-line rating and a $625.00 target price on the medical instruments supplier’s stock.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Mettler-Toledo International from a buy rating to a hold rating in a report on Tuesday, November 7th. Morgan Stanley increased their price target on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the stock an equal weight rating in a research note on Friday, November 3rd. Robert W. Baird upped their price objective on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the stock a neutral rating in a research report on Friday, November 3rd. Jefferies Group restated a hold rating and set a $600.00 price objective on shares of Mettler-Toledo International in a research report on Friday, October 20th. Finally, Bank of America upped their price objective on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a buy rating in a research report on Monday, October 9th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $647.63.

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Shares of Mettler-Toledo International (NYSE:MTD) traded down $2.52 during trading hours on Wednesday, hitting $683.27. 21,364 shares of the company’s stock were exchanged, compared to its average volume of 156,702. Mettler-Toledo International has a 52 week low of $420.03 and a 52 week high of $697.26. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51. The stock has a market cap of $17,540.00, a P/E ratio of 41.26, a PEG ratio of 2.76 and a beta of 1.09.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The business had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. During the same quarter in the prior year, the business posted $3.89 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. research analysts expect that Mettler-Toledo International will post 17.53 earnings per share for the current fiscal year.

In other Mettler-Toledo International news, Director Michael A. Kelly sold 3,384 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $638.24, for a total transaction of $2,159,804.16. Following the completion of the transaction, the director now directly owns 4,762 shares in the company, valued at approximately $3,039,298.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 226 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $629.36, for a total transaction of $142,235.36. Following the transaction, the chief financial officer now owns 5,299 shares of the company’s stock, valued at $3,334,978.64. The disclosure for this sale can be found here. Insiders have sold a total of 39,969 shares of company stock valued at $25,242,999 over the last 90 days. 5.20% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in MTD. Koch Industries Inc. boosted its stake in shares of Mettler-Toledo International by 96,281.2% during the 2nd quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after purchasing an additional 696,113 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Mettler-Toledo International by 5,926.9% in the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after acquiring an additional 199,560 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Mettler-Toledo International by 253.5% during the second quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock valued at $118,377,000 after buying an additional 144,245 shares in the last quarter. BlackRock Inc. lifted its position in Mettler-Toledo International by 6.4% during the second quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock valued at $1,094,791,000 after buying an additional 112,029 shares in the last quarter. Finally, First Manhattan Co. lifted its position in Mettler-Toledo International by 98,611.4% during the fourth quarter. First Manhattan Co. now owns 86,866 shares of the medical instruments supplier’s stock valued at $53,815,000 after buying an additional 86,778 shares in the last quarter. 92.04% of the stock is currently owned by institutional investors.

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Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Analyst Recommendations for Mettler-Toledo International (NYSE:MTD)

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