MTD Stock Summary and Trading Ideas (Mettler-Toledo Intl | NYSE:MTD)

Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences, industrial, and food retail industries. Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with sales distribution roughly as follows: United States around 30% of sales, Europe around 30%, China around 20%, and the rest of the world around 20%.

Mettler-Toledo Intl trades on the NYSE stock market under the symbol MTD.

As of May 14, 2024, MTD stock price climbed to $1,496.14 with 180,564 million shares trading.

MTD has a beta of 1.58, meaning it tends to be more sensitive to market movements. MTD has a correlation of 0.36 to the broad based SPY ETF.

MTD has a market cap of $32.00 billion. This is considered a Large Cap stock.

Last quarter Mettler-Toledo Intl reported $926 million in Revenue and $8.89 earnings per share. This beat revenue expectation by $47 million and exceeded earnings estimates by $1.27.

In the last 3 years, MTD stock traded as high as $1,714.75 and as low as $928.50.

The top ETF exchange traded funds that MTD belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

MTD stock has underperformed the market in the last year with a return of +8.1%, while SPY returned +28.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MTD shares. However, MTD has outperformed the market in the last 3 month and 2 week periods, returning +29.2% and +19.2%, while SPY returned +6.2% and +2.6%, respectively. This indicates MTD has been having a stronger performance recently.

MTD support price is $1,429.75 and resistance is $1,493.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTD stock will trade within this expected range on the day.