Mettler-Toledo International, Inc. (MTD) Receives Equal Weight Rating from Morgan Stanley
Morgan Stanley restated their equal weight rating on shares of Mettler-Toledo International, Inc. (NYSE:MTD) in a report issued on Friday morning. Morgan Stanley currently has a $535.00 target price on the medical instruments supplier’s stock, down from their prior target price of $565.00.
A number of other research analysts also recently commented on MTD. BidaskClub downgraded Mettler-Toledo International from a strong-buy rating to a buy rating in a research report on Tuesday, June 13th. Jefferies Group LLC reiterated a hold rating and set a $550.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, June 20th. Zacks Investment Research downgraded Mettler-Toledo International from a buy rating to a hold rating in a research report on Tuesday, July 11th. Finally, Wells Fargo & Company upgraded Mettler-Toledo International from a market perform rating to an outperform rating in a research report on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $589.33.
Mettler-Toledo International (NYSE MTD) traded up 0.14% on Friday, hitting $645.76. 81,331 shares of the company’s stock traded hands. Mettler-Toledo International has a 12 month low of $395.61 and a 12 month high of $647.97. The stock has a 50 day moving average price of $616.52 and a 200-day moving average price of $570.40. The stock has a market cap of $16.58 billion, a P/E ratio of 39.71 and a beta of 1.11.
Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.03. The firm had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.22 EPS. Equities analysts predict that Mettler-Toledo International will post $17.33 earnings per share for the current fiscal year.
In related news, insider Christian Magloth sold 750 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $590.00, for a total value of $442,500.00. Following the completion of the sale, the insider now directly owns 750 shares in the company, valued at $442,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas P. Salice sold 890 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $611.00, for a total value of $543,790.00. Following the completion of the sale, the director now owns 62,437 shares of the company’s stock, valued at $38,149,007. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,356 shares of company stock valued at $16,150,829. 5.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. First Personal Financial Services lifted its position in Mettler-Toledo International by 2.8% in the second quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock worth $109,000 after buying an additional 5 shares during the last quarter. Sun Life Financial INC lifted its position in Mettler-Toledo International by 2,585.7% in the second quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock worth $111,000 after buying an additional 181 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in Mettler-Toledo International in the second quarter worth $118,000. CAPROCK Group Inc. bought a new stake in Mettler-Toledo International in the second quarter worth $205,000. Finally, Personal Capital Advisors Corp bought a new stake in Mettler-Toledo International in the second quarter worth $206,000. Institutional investors own 93.18% of the company’s stock.
About Mettler-Toledo International
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.
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