Mettler-Toledo International (NYSE:MTD) Lifted to Buy at StockNews
Mettler-Toledo International (NYSE:MTD – Get Free Report) was upgraded by StockNews from a “hold” rating to a “buy” rating in a note issued to investors on Sunday. Separately, Citigroup reaffirmed a “sell” rating and issued a $975.00 price objective (down previously from $1,050.00) on shares of Mettler-Toledo International in a research note on Monday, December […] Mettler-Toledo International (NYSE:MTD) has been upgraded to a “buy” rating by StockNews.com. The company was reaffirmed by Citigroup and issued a $975.00 price objective on shares of Mettler.Tolido International. The firm recently reported $9.40 earnings per share for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). Despite this, sell-side analysts predict that Mettlers-Tolededo International will post 39.9 earnings for the current year. In other news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Friday, February 23rd. The transaction was disclosed in a filing with the SEC.
Опубликовано : 2 месяца назад от Defense World Staff в Finance
Mettler-Toledo International (NYSE:MTD – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.
Separately, Citigroup reaffirmed a “sell” rating and issued a $975.00 price objective (down previously from $1,050.00) on shares of Mettler-Toledo International in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,223.71.
Get Our Latest Analysis on MTD
Mettler-Toledo International (NYSE:MTD – Get Free Report) last announced its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The firm had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. During the same period last year, the company earned $12.10 earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. Sell-side analysts predict that Mettler-Toledo International will post 39.9 EPS for the current year.
In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Mettler-Toledo International during the fourth quarter worth approximately $428,679,000. PineStone Asset Management Inc. grew its holdings in shares of Mettler-Toledo International by 280.4% during the third quarter. PineStone Asset Management Inc. now owns 152,335 shares of the medical instruments supplier’s stock worth $168,798,000 after buying an additional 112,291 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Mettler-Toledo International by 65.4% during the 4th quarter. Principal Financial Group Inc. now owns 241,219 shares of the medical instruments supplier’s stock worth $292,589,000 after purchasing an additional 95,421 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Mettler-Toledo International by 109,458.1% during the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock worth $82,392,000 after acquiring an additional 67,864 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Mettler-Toledo International by 26.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 326,105 shares of the medical instruments supplier’s stock worth $471,369,000 after buying an additional 67,758 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.
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.
• Five stocks we like better than Mettler-Toledo International
• Insider Trades May Not Tell You What You Think
• What is Short Interest? How to Use It
• 3 Value Stocks Too Small For Buffett’s Portfolio
• Foot Locker Builds Up Another Head of Steam; Gains Imminent
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.
Темы: Markets