Trading Report: Today, Mettler-Toledo International Inc. (MTD) Upgraded to “Hold” at The Zacks Investment Research

Today, Mettler-Toledo International Inc. (MTD) Upgraded to “Hold” at The Zacks Investment Research

Mettler-Toledo International Inc. (NYSE:MTD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday. The firm presently has a $477.00 price objective on the stock. Zacks Investment Research’s target price indicates a potential upside of 13.80% from the stock’s previous close.

According to Zacks, “Mettler-Toledo is the world’s largest manufacturer and marketer of weighing instruments for use in laboratory, industrial and food retailing applications. The Company focuses on the high value-added segments of the weighing instruments market by providing solutions for specific applications. The Company also manufactures and sells certain related laboratory measurement instruments, with one of the top three market positions worldwide in titrators, thermal analysis systems, pH meters and lab reactors. “

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Mettler-Toledo International from $350.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, July 29th. Bank of America Corp. raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $404.33 to $470.00 in a research note on Wednesday, August 31st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $392.29.

Mettler-Toledo International (NYSE:MTD) traded down 0.17% on Tuesday, hitting $419.15. 74,314 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $413.40 and its 200-day moving average price is $394.75. Mettler-Toledo International has a 12-month low of $291.33 and a 12-month high of $434.50. The company has a market cap of $11.00 billion, a PE ratio of 30.94 and a beta of 1.24.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, November 3rd. The company reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.23. The business had revenue of $650.60 million for the quarter, compared to the consensus estimate of $627.37 million. Mettler-Toledo International had a net margin of 14.97% and a return on equity of 73.43%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.26 EPS. Analysts forecast that Mettler-Toledo International will post $14.65 earnings per share for the current year.

In other Mettler-Toledo International news, insider La Guerroniere Marc De sold 4,950 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $425.51, for a total transaction of $2,106,274.50. Following the completion of the transaction, the insider now owns 10,550 shares in the company, valued at approximately $4,489,130.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert F. Spoerry sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $425.00, for a total transaction of $1,275,000.00. Following the transaction, the director now owns 8,587 shares of the company’s stock, valued at approximately $3,649,475. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wetherby Asset Management Inc. boosted its position in Mettler-Toledo International by 0.5% in the second quarter. Wetherby Asset Management Inc. now owns 770 shares of the company’s stock valued at $281,000 after buying an additional 4 shares during the period. Checchi Capital Advisers LLC boosted its position in Mettler-Toledo International by 3.3% in the second quarter. Checchi Capital Advisers LLC now owns 316 shares of the company’s stock valued at $115,000 after buying an additional 10 shares during the period. Moody Lynn & Lieberson LLC boosted its position in Mettler-Toledo International by 1.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 1,115 shares of the company’s stock valued at $407,000 after buying an additional 13 shares during the period. Envestnet Asset Management Inc. boosted its position in Mettler-Toledo International by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,273 shares of the company’s stock valued at $1,128,000 after buying an additional 15 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its position in Mettler-Toledo International by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 1,330 shares of the company’s stock valued at $558,000 after buying an additional 19 shares during the period. Institutional investors own 97.57% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.

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