Mettler-Toledo International, Inc. $MTD Stock Holdings Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 12.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,717 shares of the medical instruments supplier’s stock after acquiring an additional 932 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Mettler-Toledo International were worth $13,171,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Mettler-Toledo International by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,794 shares of the medical instruments supplier’s stock valued at $4,222,000 after purchasing an additional 7 shares during the period. Abel Hall LLC purchased a new stake in Mettler-Toledo International during the third quarter worth about $225,000. IFP Advisors Inc raised its stake in shares of Mettler-Toledo International by 17.2% in the third quarter. IFP Advisors Inc now owns 259 shares of the medical instruments supplier’s stock valued at $391,000 after buying an additional 38 shares during the period. Frank Rimerman Advisors LLC boosted its stake in Mettler-Toledo International by 2.2% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 372 shares of the medical instruments supplier’s stock worth $562,000 after purchasing an additional 8 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in shares of Mettler-Toledo International by 3.4% in the third quarter. V Square Quantitative Management LLC now owns 645 shares of the medical instruments supplier’s stock worth $975,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Thomas P. Salice sold 417 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total value of $600,650.97. Following the sale, the director owned 292 shares of the company’s stock, valued at approximately $420,599.72. This represents a 58.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the sale, the chief financial officer owned 5,579 shares of the company’s stock, valued at $7,989,128. This trade represents a 28.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,254 shares of company stock valued at $6,092,712 over the last quarter. 0.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MTD shares. Morgan Stanley lifted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Stifel Nicolaus raised their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group upped their price target on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,469.15.

Mettler-Toledo International Trading Down 0.9%

MTD stock opened at $1,668.71 on Friday. The firm has a fifty day moving average price of $1,465.34 and a 200 day moving average price of $1,327.91. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,713.39. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The firm has a market cap of $33.44 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 3.39 and a beta of 1.19.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, beating the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $10.09 earnings per share. Mettler-Toledo International’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Mettler-Toledo International, Inc. will post 47.38 earnings per share for the current fiscal year.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc (NYSE: MTD) develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company’s laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.