Zacks Research Has Optimistic Outlook of MTD FY2024 Earnings

Mettler-Toledo International Inc. (NYSE:MTD) – Research analysts at Zacks Research increased their FY2024 EPS estimates for shares of Mettler-Toledo International in a research report issued to clients and investors on Thursday, November 28th. Zacks Research analyst R. Department now forecasts that the medical instruments supplier will post earnings per share of $40.40 for the year, up from their prior forecast of $40.28. The consensus estimate for Mettler-Toledo International’s current full-year earnings is $40.42 per share. Zacks Research also issued estimates for Mettler-Toledo International’s Q2 2025 earnings at $10.34 EPS, FY2025 earnings at $42.39 EPS, Q3 2026 earnings at $11.88 EPS and FY2026 earnings at $48.78 EPS.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping the consensus estimate of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%.

Several other analysts have also commented on the company. JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Wells Fargo & Company cut their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Stifel Nicolaus decreased their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Robert W. Baird dropped their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Finally, Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1,338.75.

Mettler-Toledo International Trading Up 0.6 %

Shares of NYSE MTD opened at $1,251.20 on Monday. The stock has a market cap of $26.40 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 4.13 and a beta of 1.16. Mettler-Toledo International has a 12 month low of $1,068.33 and a 12 month high of $1,546.93. The company has a 50 day simple moving average of $1,345.17 and a two-hundred day simple moving average of $1,392.37.

Insider Transactions at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now owns 240 shares of the company’s stock, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Mettler-Toledo International

Institutional investors have recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new position in Mettler-Toledo International in the second quarter worth $25,000. Blue Trust Inc. increased its stake in shares of Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Mettler-Toledo International during the 3rd quarter worth approximately $37,000. Rothschild Investment LLC purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at $42,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Company Profile

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.