Jefferies Group LLC Reiterates Hold Rating for Mettler-Toledo International, Inc. (NYSE:MTD)
Jefferies Group LLC reaffirmed their hold rating on shares of Mettler-Toledo International, Inc. (NYSE:MTD) in a report issued on Thursday morning. Jefferies Group LLC currently has a $550.00 target price on the medical instruments supplier’s stock.
MTD has been the subject of several other reports. Zacks Investment Research upgraded Mettler-Toledo International from a hold rating to a buy rating and set a $538.00 price objective for the company in a research note on Wednesday, April 12th. Bank of America Corporation upped their price objective on Mettler-Toledo International from $590.00 to $630.00 and gave the stock a buy rating in a research note on Wednesday, May 31st. Cleveland Research upgraded Mettler-Toledo International from a neutral rating to a buy rating in a research note on Wednesday, April 19th. Finally, BidaskClub upgraded Mettler-Toledo International from a buy rating to a strong-buy rating in a research note on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $544.00.
Mettler-Toledo International (NYSE:MTD) traded down 0.404% during trading on Thursday, hitting $575.725. The stock had a trading volume of 125,484 shares. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 35.403 and a beta of 1.14. Mettler-Toledo International has a 52-week low of $386.01 and a 52-week high of $618.13. The company has a 50-day moving average price of $595.03 and a 200-day moving average price of $518.74.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping the consensus estimate of $3.89 by $0.03. The firm had revenue of $653.70 million during the quarter, compared to analyst estimates of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. Mettler-Toledo International’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.22 EPS. Equities research analysts forecast that Mettler-Toledo International will post $17.27 EPS for the current year.
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In other Mettler-Toledo International news, insider Waldemar Rauch sold 1,100 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $595.91, for a total value of $655,501.00. Following the completion of the sale, the insider now owns 3,065 shares in the company, valued at approximately $1,826,464.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Francis A. Contino sold 725 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $546.00, for a total value of $395,850.00. Following the completion of the sale, the director now owns 2,234 shares of the company’s stock, valued at approximately $1,219,764. The disclosure for this sale can be found here. Insiders sold a total of 52,046 shares of company stock valued at $28,826,702 in the last quarter. 5.20% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Israel Discount Bank of New York acquired a new stake in shares of Mettler-Toledo International during the first quarter worth about $102,000. YorkBridge Wealth Partners LLC raised its stake in shares of Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock worth $115,000 after buying an additional 22 shares during the last quarter. TLP Group LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter worth about $144,000. Penserra Capital Management LLC raised its stake in shares of Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock worth $198,000 after buying an additional 36 shares during the last quarter. Finally, Fernwood Investment Management LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter worth about $204,000. Institutional investors and hedge funds own 95.72% of the company’s stock.
Mettler-Toledo International Company Profile
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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