Mettler-Toledo International, Inc. $MTD Stock Holdings Lessened by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC reduced its holdings in Mettler-Toledo International by 76.1%, selling 5,114 shares during the first quarter.
• Mettler-Toledo International's shares recently opened at $1,304.65, with a market capitalization of $26.88 billion and a twelve-month price range between $946.69 and $1,521.01.
• Company analysts generally have a consensus rating of "Moderate Buy" for Mettler-Toledo, with price targets ranging from $1,230.00 to $1,600.00.

Cubist Systematic Strategies LLC reduced its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 76.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,607 shares of the medical instruments supplier's stock after selling 5,114 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Mettler-Toledo International were worth $1,897,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MTD. GAMMA Investing LLC grew its stake in Mettler-Toledo International by 131,246.3% during the first quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock worth $456,018,000 after buying an additional 385,864 shares during the period. Nuveen LLC purchased a new stake in Mettler-Toledo International during the first quarter worth approximately $71,897,000. AustralianSuper Pty Ltd boosted its stake in shares of Mettler-Toledo International by 60.4% in the first quarter. AustralianSuper Pty Ltd now owns 114,986 shares of the medical instruments supplier's stock valued at $135,788,000 after purchasing an additional 43,313 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Mettler-Toledo International by 11.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 406,189 shares of the medical instruments supplier's stock valued at $479,673,000 after purchasing an additional 43,082 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Mettler-Toledo International by 2,411.4% in the fourth quarter. Millennium Management LLC now owns 43,346 shares of the medical instruments supplier's stock valued at $53,042,000 after purchasing an additional 41,620 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded down $24.66 during trading on Friday, hitting $1,258.06. The company had a trading volume of 109,047 shares, compared to its average volume of 119,443. The company has a market cap of $25.92 billion, a P/E ratio of 31.86, a PEG ratio of 3.85 and a beta of 1.37. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,521.01. The business's 50-day moving average is $1,258.94 and its 200 day moving average is $1,186.04.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.58 by $0.51. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%.The company had revenue of $983.22 million for the quarter, compared to analysts' expectations of $957.41 million. During the same quarter in the prior year, the company earned $9.65 earnings per share. The firm's revenue was up 3.9% on a year-over-year basis. Mettler-Toledo International has set its FY 2025 guidance at 42.100-42.600 EPS. Q3 2025 guidance at 10.550-10.750 EPS. On average, research analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 165 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the completion of the sale, the insider directly owned 94 shares of the company's stock, valued at approximately $123,012.16. This represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $1,325.00, for a total transaction of $397,500.00. Following the sale, the chief financial officer directly owned 5,095 shares of the company's stock, valued at $6,750,875. This represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,827 shares of company stock valued at $2,371,208. 1.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MTD shares. Robert W. Baird upped their target price on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Bank of America increased their target price on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Evercore ISI lowered their price target on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Finally, Citigroup increased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,311.11.

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.