Mettler-Toledo International (NYSE:MTD) Sets New 12-Month Low – What’s Next?

Mettler-Toledo International Inc. (NYSE:MTD)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $1,141.46 and last traded at $1,150.79, with a volume of 6686 shares. The stock had previously closed at $1,177.09.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Evercore ISI raised their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Wells Fargo & Company upped their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating for the company. Finally, Citigroup dropped their target price on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and a consensus target price of $1,380.50.

Mettler-Toledo International Stock Down 0.7 %

The firm has a market capitalization of $24.36 billion, a PE ratio of 28.83, a P/E/G ratio of 3.30 and a beta of 1.15. The stock has a 50-day simple moving average of $1,283.84 and a 200-day simple moving average of $1,302.91.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. Equities analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now directly owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christian Magloth sold 790 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Several large investors have recently added to or reduced their stakes in the business. Siemens Fonds Invest GmbH boosted its position in shares of Mettler-Toledo International by 997.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 2,536 shares of the medical instruments supplier’s stock valued at $3,103,000 after acquiring an additional 2,305 shares during the last quarter. Menard Financial Group LLC bought a new stake in Mettler-Toledo International during the fourth quarter valued at approximately $67,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Mettler-Toledo International during the fourth quarter valued at approximately $45,049,000. Mackenzie Financial Corp increased its holdings in shares of Mettler-Toledo International by 17.5% in the 4th quarter. Mackenzie Financial Corp now owns 2,268 shares of the medical instruments supplier’s stock worth $2,775,000 after buying an additional 338 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Mettler-Toledo International by 7.0% during the 4th quarter. Toronto Dominion Bank now owns 11,470 shares of the medical instruments supplier’s stock valued at $14,035,000 after buying an additional 746 shares in the last quarter. 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.