Schonfeld Strategic Advisors LLC Raises Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Schonfeld Strategic Advisors LLC raised its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1,137.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,559 shares of the medical instruments supplier's stock after acquiring an additional 6,029 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Mettler-Toledo International were worth $8,026,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MTD. SBI Securities Co. Ltd. purchased a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth about $44,000. Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 17 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International during the 4th quarter worth approximately $54,000. Finally, Sound Income Strategies LLC boosted its position in shares of Mettler-Toledo International by 4,500.0% during 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 during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

MTD stock traded up $8.22 on Wednesday, reaching $1,071.59. The company had a trading volume of 74,953 shares, compared to its average volume of 145,988. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The company has a market cap of $22.33 billion, a P/E ratio of 26.46, a PEG ratio of 3.30 and a beta of 1.40. The company's fifty day moving average is $1,129.03 and its 200 day moving average is $1,228.33.

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

Insider Buying and Selling at Mettler-Toledo International

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

Wall Street Analyst Weigh In

Several brokerages have commented on MTD. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their target price for the company from $1,200.00 to $1,110.00 in a research note on Monday. StockNews.com cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday. Wells Fargo & Company raised their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Monday. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Robert W. Baird lowered their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $1,296.13.

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.