Mettler-Toledo International (NYSE:MTD) Price Target Raised to $1,575.00

by · The Cerbat Gem

Mettler-Toledo International (NYSE:MTD – Free Report) had its price target hoisted by Barclays from $1,300.00 to $1,575.00 in a report released on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the medical instruments supplier’s stock.

Other equities research analysts also recently issued reports about the stock. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 2nd. They set a “peer perform” rating for the company. Citigroup cut their target price on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Morgan Stanley reduced their target price on shares of Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings downgraded Mettler-Toledo International from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lowered their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,461.27.

Get Our Latest Stock Report on MTD

Mettler-Toledo International Stock Down 1.2%

Shares of NYSE:MTD opened at $1,420.36 on Monday. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. Mettler-Toledo International has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The stock has a market capitalization of $28.46 billion, a P/E ratio of 31.97, a PEG ratio of 2.95 and a beta of 1.23. The stock has a 50-day simple moving average of $1,257.36 and a 200-day simple moving average of $1,273.39.

Mettler-Toledo International (NYSE:MTD – Get Free Report) last posted its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $10.09 EPS. The company’s revenue was up 4.5% on a year-over-year basis. Equities analysts forecast that Mettler-Toledo International will post 47.37 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the sale, the insider owned 259 shares in the company, valued at approximately $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas P. Salice sold 415 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,444.62, for a total transaction of $599,517.30. Following the completion of the sale, the director directly owned 292 shares in the company, valued at $421,829.04. This represents a 58.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,895 shares of company stock worth $4,149,711 in the last 90 days. 0.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mettler-Toledo International

A number of institutional investors have recently modified their holdings of MTD. Reflection Asset Management bought a new position in shares of Mettler-Toledo International during the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in Mettler-Toledo International during the first quarter valued at approximately $25,000. Elyxium Wealth LLC bought a new position in Mettler-Toledo International during the 4th quarter worth approximately $29,000. DV Equities LLC bought a new position in Mettler-Toledo International during the 4th quarter worth approximately $40,000. Finally, Root Financial Partners LLC grew its position in shares of Mettler-Toledo International by 45.5% in the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Key Stories Impacting Mettler-Toledo International

Here are the key news stories impacting Mettler-Toledo International this week:

  • Positive Sentiment: Analyst price-target increases: Stifel Nicolaus raised its price target to $1,600, while Wells Fargo lifted its target to $1,450. Barclays also indicated that the stock is expected to rise, supporting the view that analysts see additional upside. Stifel Nicolaus Increases Mettler-Toledo International Price Target Wells Fargo Boosts Mettler-Toledo International Price Target Barclays Analyst Expects Mettler-Toledo Stock to Rise
  • Positive Sentiment: Morgan Stanley raised its target: Morgan Stanley increased its target from $1,275 to $1,450, although it maintained an “equal weight” rating, signaling limited conviction relative to a bullish recommendation. Morgan Stanley Raises Mettler-Toledo Price Target
  • Positive Sentiment: Institutional buying: Baron Capital added to its MTD position following a sharp decline, suggesting at least one investment manager viewed the weakness as an opportunity. Baron Capital Added to Mettler-Toledo
  • Negative Sentiment: Multiple insider sales: CFO Shawn Vadala sold 2,240 shares for approximately $3.21 million, reducing his holdings by 28.65%. Director Thomas P. Salice sold 415 shares worth about $599,500, while insider Gerry Keller sold 240 shares worth roughly $342,500. The transactions reduce insider ownership and may weigh on sentiment, although the filings do not establish the reasons for the sales.

Mettler-Toledo International Company Profile

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Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.

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