Exclusive: Is Mettler-Toledo International Inc. a Buy? The Stock Reaches 52-Week High Today

Exclusive: Is Mettler Toledo International Inc. a Buy? The Stock Reaches 52 Week High Today

The stock of Mettler-Toledo International Inc. (NYSE:MTD) hit a new 52-week high and has $551.99 target or 29.00% above today’s $427.90 share price. The 9 months bullish chart indicates low risk for the $11.25 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $551.99 price target is reached, the company will be worth $3.26 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 175,045 shares traded hands. Mettler-Toledo International Inc. (NYSE:MTD) has risen 20.69% since April 5, 2016 and is uptrending. It has outperformed by 18.73% the S&P500.

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. Citigroup downgraded the shares of MTD in a report on Thursday, June 23 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, August 31 by Bank of America. The stock of Mettler-Toledo International Inc. (NYSE:MTD) has “Buy” rating given on Tuesday, September 8 by Citigroup. The company was downgraded on Friday, August 5 by UBS. On Thursday, September 10 the stock rating was downgraded by Bank of America to “Neutral”.

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 2016 Q2. 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.
Weaver C Barksdale & Associate last reported 0.02% of its portfolio in the stock. Opus Point Prns Management Limited Liability Corp accumulated 7,188 shares or 2.53% of the stock. Cap Counsel Ltd Co Ny accumulated 8.94% or 265,705 shares. Ct Mason has invested 0.14% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD). Fjarde Ap, a Alabama-based fund reported 7,868 shares. First Citizens Savings Bank Company accumulated 0.04% or 1,311 shares. Blackrock Investment Management Ltd, a New Jersey-based fund reported 77,870 shares. Lazard Asset Management Ltd Company reported 35,792 shares or 0.03% of all its holdings. Schroder Investment Gp last reported 18,353 shares in the company. Alliancebernstein Limited Partnership last reported 0.08% of its portfolio in the stock. Credit Agricole S A reported 7,173 shares or 0.01% of all its holdings. State Board Of Administration Of Florida Retirement accumulated 0.05% or 39,449 shares. Dai Ichi Life Ltd accumulated 0.01% or 553 shares. Echo Street Cap Mgmt Limited Liability Co accumulated 6,348 shares or 0.1% of the stock. Legacy Private Tru Company, a Wisconsin-based fund reported 1,340 shares.

Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 18 sales for $38.07 million net activity. 5,400 shares with value of $2.19M were sold by SPOERRY ROBERT F on Thursday, August 11. FILLIOL OLIVER A had sold 10,800 shares worth $4.30M on Monday, August 8. DONNELLY WILLIAM P sold 10,000 shares worth $4.03M. Another trade for 1,285 shares valued at $522,221 was made by Magloth Christian on Wednesday, August 24. SALICE THOMAS P had sold 460 shares worth $190,454 on Monday, August 1. $520,100 worth of Mettler-Toledo International Inc. (NYSE:MTD) shares were sold by Caratsch Thomas. Another trade for 3,218 shares valued at $1.30 million was made by Kirk Simon on Tuesday, August 2.

More notable recent Mettler-Toledo International Inc. (NYSE:MTD) news were published by: Prnewswire.com which released: “Mettler-Toledo International Inc. Reports Second Quarter 2016 Results” on July 28, 2016, also Marketwatch.com with their article: “Mettler-Toledo International Inc.” published on December 22, 2009, Prnewswire.com published: “Mettler-Toledo International Inc. Reports Fourth Quarter 2015 Results” on February 04, 2016. More interesting news about Mettler-Toledo International Inc. (NYSE:MTD) were released by: Seekingalpha.com and their article: “Mettler-Toledo International, Inc.’s (MTD) CEO Olivier Filliol on Q2 2016 …” published on July 29, 2016 as well as Prnewswire.com‘s news article titled: “Mettler-Toledo International Set to Join the S&P 500; Monolithic Power Systems …” with publication date: August 25, 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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