Stifel Nicolaus Cuts Mettler-Toledo International (NYSE:MTD) Price Target to $1,450.00

Mettler-Toledo International (NYSE:MTD) had its price objective reduced by Stifel Nicolaus from $1,550.00 to $1,450.00 in a research report sent to investors on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the medical instruments supplier’s stock.

MTD has been the topic of a number of other reports. Wells Fargo & Company lowered their price target on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday. Robert W. Baird decreased their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,338.75.

Mettler-Toledo International Stock Down 0.2 %

Shares of NYSE MTD opened at $1,258.66 on Monday. The firm has a market cap of $26.56 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 4.16 and a beta of 1.16. Mettler-Toledo International has a 52-week low of $1,029.01 and a 52-week high of $1,546.93. The company’s 50-day simple moving average is $1,391.49 and its 200-day simple moving average is $1,402.80.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Equities research analysts anticipate that Mettler-Toledo International will post 40.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the sale, the director now directly owns 240 shares of the company’s stock, valued at $314,820. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.94% of the stock is owned by insiders.

Institutional Investors Weigh In On Mettler-Toledo International

A number of large investors have recently modified their holdings of MTD. Family Firm Inc. purchased a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $25,000. Blue Trust Inc. increased its position in shares of Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 17 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Mettler-Toledo International in the 3rd quarter valued at approximately $37,000. Rothschild Investment LLC purchased a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $42,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $42,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.