Cubist Systematic Strategies LLC Invests $8.23 Million in Mettler-Toledo International Inc. (NYSE:MTD)

Cubist Systematic Strategies LLC acquired a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,721 shares of the medical instruments supplier's stock, valued at approximately $8,225,000.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International in the fourth quarter worth about $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $44,000. Blue Trust Inc. raised its holdings in Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after buying an additional 17 shares during the period. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International in the fourth quarter valued at approximately $54,000. Finally, Sound Income Strategies LLC lifted its stake in Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MTD shares. Evercore ISI raised their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price target for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a research report on Monday, April 7th. Wells Fargo & Company lifted their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, StockNews.com downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,296.13.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 790 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Performance

MTD traded down $21.67 during trading on Friday, reaching $1,079.96. 133,782 shares of the stock were exchanged, compared to its average volume of 145,671. The stock's 50 day moving average price is $1,118.64 and its two-hundred day moving average price is $1,222.96. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The stock has a market cap of $22.44 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The company had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same period in the previous year, the business earned $8.89 EPS. Mettler-Toledo International's revenue for the quarter was down 4.6% compared to the same quarter last year. Equities research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Mettler-Toledo International 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.