Mettler-Toledo International Stock Performance
MTD stock opened at $1,513.93 on Friday. The company has a debt-to-equity ratio of 76.98, a current ratio of 1.20 and a quick ratio of 0.81. The business has a 50-day moving average price of $1,504.87 and a 200 day moving average price of $1,361.37. The company has a market capitalization of $33.47 billion, a P/E ratio of 39.36, a PEG ratio of 2.55 and a beta of 1.18. Mettler-Toledo International Inc. has a 1-year low of $1,065.55 and a 1-year high of $1,609.25.
Mettler-Toledo International (NYSE:MTD – Get Rating) last released its quarterly earnings data on Friday, February 10th. The medical instruments supplier reported $12.10 earnings per share for the quarter, beating the consensus estimate of $11.63 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a return on equity of 10,609.85% and a net margin of 22.26%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $10.53 earnings per share. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 44.1 EPS for the current fiscal year.
Institutional Investors Weigh In On Mettler-Toledo International
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ascent Group LLC lifted its position in Mettler-Toledo International by 12.8% during the fourth quarter. Ascent Group LLC now owns 247 shares of the medical instruments supplier’s stock valued at $357,000 after acquiring an additional 28 shares during the last quarter. Linden Thomas Advisory Services LLC purchased a new stake in Mettler-Toledo International during the fourth quarter valued at approximately $652,000. Axxcess Wealth Management LLC purchased a new stake in Mettler-Toledo International during the fourth quarter valued at approximately $610,000. American Trust lifted its position in Mettler-Toledo International by 35.5% during the fourth quarter. American Trust now owns 477 shares of the medical instruments supplier’s stock valued at $689,000 after acquiring an additional 125 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Mettler-Toledo International by 15.1% during the fourth quarter. Alliancebernstein L.P. now owns 532,108 shares of the medical instruments supplier’s stock valued at $769,136,000 after acquiring an additional 69,852 shares during the last quarter. Hedge funds and other institutional investors own 91.94% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Citigroup lifted their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,525.00 and gave the stock a “neutral” rating in a research note on Monday, February 13th. Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,284.00 to $1,513.00 and gave the stock a “neutral” rating in a research note on Monday, February 13th. JPMorgan Chase & Co. raised shares of Mettler-Toledo International from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $1,100.00 to $1,350.00 in a research note on Monday, December 19th. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,650.00 to $1,675.00 and gave the company an “overweight” rating in a research note on Monday, February 13th. Finally, TheStreet raised shares of Mettler-Toledo International from a “c+” rating to a “b-” rating in a research note on Thursday, February 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,450.71.
About Mettler-Toledo International
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Mettler-Toledo International, Inc is a supplier of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.
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