The stock of Mettler-Toledo International Inc. (NYSE:MTD) reached all time high today, Oct, 10 and still has $596.23 target or 41.00% above today’s $422.86 share price. This indicates more upside for the $11.15B company. This technical setup was reported by Barchart.com. If the $596.23 PT is reached, the company will be worth $4.57B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 38,120 shares traded hands. Mettler-Toledo International Inc. (NYSE:MTD) has risen 24.13% since March 7, 2016 and is uptrending. It has outperformed by 16.53% the S&P500.
Analysts await Mettler-Toledo International Inc. (NYSE:MTD) to report earnings on November, 3. They expect $3.69 EPS, up 13.19% or $0.43 from last year’s $3.26 per share. MTD’s profit will be $97.30 million for 28.65 P/E if the $3.69 EPS becomes a reality. After $3.22 actual EPS reported by Mettler-Toledo International Inc. for the previous quarter, Wall Street now forecasts 14.60% EPS growth.
Mettler-Toledo International Inc. (NYSE:MTD) Ratings Coverage
Out of 4 analysts covering Mettler-toledo International Inc. (NYSE:MTD), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Mettler-toledo International Inc. has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by Citigroup to “Neutral” on Thursday, June 23. The rating was downgraded by Bank of America to “Neutral” on Thursday, September 10. The firm earned “Neutral” rating on Friday, August 5 by UBS. Citigroup upgraded Mettler-Toledo International Inc. (NYSE:MTD) on Tuesday, September 8 to “Buy” rating. The firm has “Buy” rating by Bank of America given on Wednesday, August 31.
According to Zacks Investment Research, “Mettler-Toledo is the world’s largest manufacturer and marketer of weighing instruments for use in laboratory, industrial and food retailing applications. The Company focuses on the high value-added segments of the weighing instruments market by providing solutions for specific applications. The Company also manufactures and sells certain related laboratory measurement instruments, with one of the top three market positions worldwide in titrators, thermal analysis systems, pH meters and lab reactors.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.15, from 1.14 in 2016Q1. The ratio dived, as 29 funds sold all Mettler-Toledo International Inc. shares owned while 140 reduced positions. 40 funds bought stakes while 127 increased positions. They now own 23.89 million shares or 9.25% less from 26.33 million shares in 2016Q1.
Moreover, Dai Ichi Life Insur Com has 0.01% invested in Mettler-Toledo International Inc. (NYSE:MTD) for 553 shares. Janus Management Ltd Llc holds 0.1% or 315,790 shares in its portfolio. Wetherby Asset Management last reported 770 shares in the company. Axa has invested 0% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD). City Holdings, a West Virginia-based fund reported 7 shares. Brave Asset holds 0.02% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD) for 100 shares. Apg Asset Mgmt Nv, a Netherlands-based fund reported 30,122 shares. Teton holds 0.22% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD) for 6,666 shares. Strs Ohio accumulated 0.11% or 69,214 shares. Carroll Assoc last reported 100 shares in the company. Com Natl Bank reported 3,183 shares or 0.02% of all its holdings. Citigroup Inc, a New York-based fund reported 11,866 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys has 0.03% invested in the company for 5,151 shares. Bridgewater Associate Ltd Partnership has 1,900 shares for 0.01% of their US portfolio. Bokf Na last reported 7,270 shares in the company.
Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 21 sales for $46.47 million net activity. FILLIOL OLIVER A had sold 10,000 shares worth $3.99M on Wednesday, August 3. DONNELLY WILLIAM P sold $4.03 million worth of stock. Another trade for 3,042 shares valued at $1.25 million was made by Rauch Waldemar on Monday, August 1. Caratsch Thomas sold 1,400 shares worth $520,100. The insider SPOERRY ROBERT F sold 10,000 shares worth $3.69 million. 1,285 shares were sold by Magloth Christian, worth $522,221 on Wednesday, August 24. $1.08M worth of shares were sold by SALICE THOMAS P on Monday, May 9.
Another recent and important Mettler-Toledo International Inc. (NYSE:MTD) news was published by Seekingalpha.com which published an article titled: “Mettler-Toledo International, Inc.’s (MTD) CEO Olivier Filliol on Q2 2016 …” on July 29, 2016.
MTD Company Profile
Mettler-Toledo International Inc., incorporated on December 6, 1991, is a supplier of precision instruments and services. The Firm is a well-known provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Firm is also a well-known provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes. In addition, it is also a supplier of end-of-line inspection systems used in production and packaging for food, pharmaceutical and other industries. The Firm operates through five divisions: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company’s U.S. Operations represent certain of the Company’s marketing and producing organizations located in the United States. The Company’s Western European Operations include the Company’s marketing and producing organizations in Western Europe, excluding activities located in Switzerland. Swiss Operations include marketing and producing organizations located in Switzerland, as well as research and development (R&D) activities that are responsible for the development, production and marketing of precision instruments, including weighing, analytical and measurement technologies for use in various laboratory and industrial applications. Chinese Operations represent the Company’s marketing and producing organizations located in China. The Company’s market organizations are geographically focused and are responsible for all aspects of the Company’s sales and service.
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