Mettler-Toledo International (MTD) Now Covered by Analysts at Evercore ISI

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

Several other research firms have also weighed in on MTD. Jefferies Group reissued a hold rating and set a $600.00 price target on shares of Mettler-Toledo International in a research report on Friday, October 20th. Bank of America upped their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the company a buy rating in a research report on Monday, October 9th. Morgan Stanley upped their price target on Mettler-Toledo International from $535.00 to $545.00 and gave the company an equal weight rating in a research report on Friday, November 3rd. Robert W. Baird upped their target price on Mettler-Toledo International from $605.00 to $675.00 and gave the stock a neutral rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised Mettler-Toledo International from a hold rating to a buy rating and set a $711.00 target price on the stock in a research report on Thursday, September 21st. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $622.33.

Mettler-Toledo International (NYSE:MTD) traded down $4.51 during trading hours on Wednesday, reaching $627.03. The company had a trading volume of 204,400 shares, compared to its average volume of 158,933. The firm has a market capitalization of $16,040.00, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09. Mettler-Toledo International has a 52-week low of $408.97 and a 52-week high of $694.48. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.04. The firm had revenue of $698.80 million for the quarter, compared to analyst estimates of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. Mettler-Toledo International’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.89 earnings per share. sell-side analysts anticipate that Mettler-Toledo International will post 17.52 earnings per share for the current year.

In other news, Director Richard D. Francis bought 160 shares of the company’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of $627.91 per share, with a total value of $100,465.60. Following the transaction, the director now directly owns 254 shares in the company, valued at approximately $159,489.14. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 226 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $629.36, for a total value of $142,235.36. Following the completion of the transaction, the chief financial officer now directly owns 5,299 shares in the company, valued at $3,334,978.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,969 shares of company stock worth $25,242,999. Insiders own 5.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXA boosted its stake in shares of Mettler-Toledo International by 48.2% during the 3rd quarter. AXA now owns 43,650 shares of the medical instruments supplier’s stock worth $27,332,000 after acquiring an additional 14,200 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Mettler-Toledo International during the 3rd quarter worth about $125,000. Public Employees Retirement System of Ohio boosted its stake in shares of Mettler-Toledo International by 13.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,613 shares of the medical instruments supplier’s stock worth $7,898,000 after acquiring an additional 1,447 shares in the last quarter. Coastline Trust Co boosted its stake in shares of Mettler-Toledo International by 16.2% during the 3rd quarter. Coastline Trust Co now owns 575 shares of the medical instruments supplier’s stock worth $360,000 after acquiring an additional 80 shares in the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in shares of Mettler-Toledo International during the 3rd quarter worth about $237,000. Institutional investors own 91.57% of the company’s stock.

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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.

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

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