Cubist Systematic Strategies LLC increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 41.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,733 shares of the medical instruments supplier’s stock after acquiring an additional 504 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Mettler-Toledo International were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Airain ltd acquired a new stake in shares of Mettler-Toledo International during the second quarter worth about $2,958,000. California Public Employees Retirement System lifted its position in shares of Mettler-Toledo International by 2.0% during the second quarter. California Public Employees Retirement System now owns 71,000 shares of the medical instruments supplier’s stock worth $41,786,000 after purchasing an additional 1,400 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of Mettler-Toledo International by 90.5% during the second quarter. Riverhead Capital Management LLC now owns 1,800 shares of the medical instruments supplier’s stock worth $1,060,000 after purchasing an additional 855 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Mettler-Toledo International by 20.2% during the third quarter. Janus Henderson Group PLC now owns 243,920 shares of the medical instruments supplier’s stock worth $152,732,000 after buying an additional 40,993 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Mettler-Toledo International by 2.3% during the second quarter. Principal Financial Group Inc. now owns 42,546 shares of the medical instruments supplier’s stock worth $25,040,000 after buying an additional 974 shares during the period. 91.57% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 target price on the stock in a research note on Thursday, September 21st. Bank of America increased their price target on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Morgan Stanley restated an “equal weight” rating and set a $535.00 target price (down from $565.00) on shares of Mettler-Toledo International in a research report on Friday, October 6th. Jefferies Group restated a “hold” rating and set a $600.00 target price on shares of Mettler-Toledo International in a research report on Friday, October 20th. Finally, Barclays assumed coverage on shares of Mettler-Toledo International in a research report on Thursday, January 4th. They set an “equal weight” rating and a $625.00 target price on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $622.33.
In other Mettler-Toledo International news, Director Michael A. Kelly sold 3,384 shares of Mettler-Toledo International stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $638.24, for a total value of $2,159,804.16. Following the completion of the sale, the director now owns 4,762 shares in the company, valued at approximately $3,039,298.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Oliver A. Filliol sold 15,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $631.51, for a total value of $9,472,650.00. Following the completion of the sale, the insider now owns 31,279 shares of the company’s stock, valued at approximately $19,753,001.29. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,969 shares of company stock valued at $25,242,999. 5.20% of the stock is currently owned by company insiders.
Mettler-Toledo International Inc. (NYSE:MTD) traded down $6.93 during trading on Thursday, reaching $639.26. The company’s stock had a trading volume of 161,767 shares, compared to its average volume of 174,021. Mettler-Toledo International Inc. has a 12 month low of $408.97 and a 12 month high of $694.48. The firm has a market capitalization of $16,320.00, a P/E ratio of 38.79, a P/E/G ratio of 2.56 and a beta of 1.09. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.04. The business had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $3.89 earnings per share. equities analysts anticipate that Mettler-Toledo International Inc. will post 17.52 EPS for the current fiscal year.
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Mettler-Toledo International Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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