Mettler-Toledo International, Inc. $MTD Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lessened its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 50.2% during the third quarter, HoldingsChannel.com reports. The fund owned 11,280 shares of the medical instruments supplier’s stock after selling 11,378 shares during the period. Robeco Schweiz AG’s holdings in Mettler-Toledo International were worth $17,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTD. XXEC Inc. acquired a new position in Mettler-Toledo International during the second quarter worth about $77,044,000. BlackRock Inc. bought a new position in shares of Mettler-Toledo International in the second quarter worth about $2,404,713,000. Bank of New York Mellon Corp acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $762,553,000. Wellington Management Group LLP boosted its stake in shares of Mettler-Toledo International by 908.6% in the 2nd quarter. Wellington Management Group LLP now owns 459,064 shares of the medical instruments supplier’s stock valued at $586,459,000 after purchasing an additional 413,547 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at approximately $240,817,000. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,668.71 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The company has a market capitalization of $33.44 billion, a PE ratio of 37.56, a P/E/G ratio of 3.36 and a beta of 1.19. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,713.39. The stock has a 50-day moving average price of $1,465.34 and a two-hundred day moving average price of $1,327.91.

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

Insider Buying and Selling at Mettler-Toledo International

In related news, Director Thomas Salice sold 417 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director directly owned 292 shares in the company, valued at $420,599.72. This trade represents a 58.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the sale, the insider owned 259 shares in the company, valued at approximately $369,629.26. This represents a 48.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,254 shares of company stock worth $6,092,712 in the last 90 days. Corporate insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MTD shares. Royal Bank Of Canada began coverage on shares of Mettler-Toledo International in a research report on Tuesday, September 1st. They set a “sector perform” rating and a $1,515.00 price objective for the company. Jefferies Financial Group increased their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. UBS Group began coverage on shares of Mettler-Toledo International in a research report on Wednesday, September 9th. They issued a “neutral” rating and a $1,460.00 target price on the stock. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Finally, Barclays boosted their target price on shares of Mettler-Toledo International from $1,575.00 to $1,700.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. 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 stock. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average target price of $1,469.15.

Mettler-Toledo International 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.