Key Points
- CFO insider sale: Shawn Vadala sold 2,240 Mettler-Toledo shares for approximately $3.21 million, reducing his ownership by 28.65% to 5,579 shares.
- Strong quarterly performance: The company reported adjusted earnings of $11.46 per share, beating estimates by $0.68, while revenue rose 4.5% year over year to $1.03 billion.
- Mixed analyst outlook: Several firms raised their price targets, but the overall consensus remains “Hold,” with six Buy ratings and seven Hold ratings and a consensus target of $1,461.27.
Mettler-Toledo International, Inc. (NYSE:MTD - Get Free Report) insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction dated 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 transaction, the insider directly owned 259 shares in the company, valued at $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Mettler-Toledo International Stock Down 1.2%
MTD opened at $1,420.36 on Thursday. The firm has a 50 day moving average price of $1,257.36 and a 200 day moving average price of $1,273.39. The company has a market cap of $28.46 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 2.95 and a beta of 1.23. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. 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 (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating analysts' consensus estimates of $10.78 by $0.68. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. Mettler-Toledo International's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $10.09 earnings per share. Sell-side analysts expect that Mettler-Toledo International, Inc. will post 47.37 earnings per share for the current year.
Mettler-Toledo International News Summary
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.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a "peer perform" rating for the company. Jefferies Financial Group raised their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Robert W. Baird reduced their price objective on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a "neutral" rating on the stock in a research note on Monday, May 11th. Morgan Stanley upped their target price on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Weiss Ratings upgraded Mettler-Toledo International from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $1,461.27.
View Our Latest Research Report on MTD
Institutional Investors Weigh In On Mettler-Toledo International
A number of institutional investors have recently modified their holdings of MTD. Evergreen Capital Management LLC raised its position in shares of Mettler-Toledo International by 4.5% during the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier's stock worth $257,000 after purchasing an additional 8 shares during the period. Meridian Wealth Management LLC lifted its holdings in shares of Mettler-Toledo International by 1.7% during the 4th quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier's stock valued at $680,000 after purchasing an additional 8 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Mettler-Toledo International by 2.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier's stock valued at $421,000 after purchasing an additional 8 shares during the period. Values First Advisors Inc. grew its position in shares of Mettler-Toledo International by 1.3% in the 1st quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier's stock valued at $789,000 after purchasing an additional 8 shares during the period. Finally, Torray Investment Partners LLC increased its stake in Mettler-Toledo International by 0.5% during the 1st quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier's stock worth $2,115,000 after purchasing an additional 8 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.
Mettler-Toledo International Company Profile
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Get Free Report)
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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