Point72 Asset Management L.P. Boosts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Point72 Asset Management L.P. increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 213.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,945 shares of the medical instruments supplier's stock after purchasing an additional 12,892 shares during the quarter. Point72 Asset Management L.P. owned 0.09% of Mettler-Toledo International worth $23,183,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International in the 4th quarter valued at $33,000. Edmond DE Rothschild Holding S.A. bought a new position in Mettler-Toledo International in the 4th quarter valued at $44,000. Blue Trust Inc. grew its position in Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at $54,000. Finally, Sound Income Strategies LLC grew its position in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded up $26.36 during midday trading on Tuesday, reaching $1,185.46. The company's stock had a trading volume of 354,681 shares, compared to its average volume of 147,983. The stock's 50-day simple moving average is $1,105.88 and its 200-day simple moving average is $1,216.32. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The stock has a market capitalization of $24.64 billion, a P/E ratio of 29.25, a PEG ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. During the same period last year, the business posted $8.89 earnings per share. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 734 shares of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MTD has been the topic of several research analyst reports. Evercore ISI upped their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Robert W. Baird cut their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a research report on Monday, April 7th. Wells Fargo & Company increased 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 research report on Monday, May 5th. Finally, UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and a consensus target price of $1,302.11.

Mettler-Toledo International Company 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.