Wells Fargo & Company Lowers Mettler-Toledo International (NYSE:MTD) Price Target to $1,350.00

Mettler-Toledo International (NYSE:MTD) had its target price lowered by research analysts at Wells Fargo & Company from $1,400.00 to $1,350.00 in a report released on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the medical instruments supplier’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 7.06% from the stock’s current price.

A number of other research analysts have also recently issued reports on MTD. Evercore ISI lifted their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Robert W. Baird cut their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Stifel Nicolaus increased their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,338.75.

Mettler-Toledo International Trading Up 0.9 %

Shares of MTD stock opened at $1,260.97 on Monday. The company’s fifty day moving average price is $1,394.23 and its 200-day moving average price is $1,402.64. The stock has a market cap of $26.76 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 3.83 and a beta of 1.16. Mettler-Toledo International has a 12 month low of $1,015.29 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 532.25%. The business had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. On average, sell-side analysts forecast that Mettler-Toledo International will post 40.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The trade was 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 currently owned by corporate insiders.

Institutional Trading of Mettler-Toledo International

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

About Mettler-Toledo International

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.