Mettler-Toledo International, Inc. $MTD Stock Position Lessened by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG cut its Mettler-Toledo position by 50.2% in the third quarter, selling 11,378 shares and retaining 11,280 shares valued at approximately $17.0 million. Institutional investors collectively own 95.07% of the company.
• Mettler-Toledo exceeded quarterly earnings expectations, reporting $11.46 in EPS versus the $10.78 consensus, while revenue rose 4.5% year over year to $1.03 billion.
• Analyst sentiment remains mixed: six analysts rate the stock a Buy, eight a Hold and one a Sell. The consensus rating is Hold, with a $1,469.15 average price target versus the reported share price of $1,668.71.

Robeco Schweiz AG decreased its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 50.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,280 shares of the medical instruments supplier's stock after selling 11,378 shares during the quarter. Robeco Schweiz AG owned about 0.06% of Mettler-Toledo International worth $17,044,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MTD. Signaturefd LLC increased its position in Mettler-Toledo International by 43.5% during the 3rd quarter. Signaturefd LLC now owns 508 shares of the medical instruments supplier's stock worth $768,000 after buying an additional 154 shares during the period. Citizens Financial Group Inc. RI acquired a new position in shares of Mettler-Toledo International in the third quarter valued at about $908,000. Manchester Capital Management LLC grew its stake in shares of Mettler-Toledo International by 21.5% in the third quarter. Manchester Capital Management LLC now owns 192 shares of the medical instruments supplier's stock valued at $290,000 after acquiring an additional 34 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Mettler-Toledo International by 2.9% during the third quarter. Fifth Third Wealth Advisors LLC now owns 562 shares of the medical instruments supplier's stock worth $849,000 after acquiring an additional 16 shares during the period. Finally, Yousif Capital Management LLC increased its position in Mettler-Toledo International by 0.7% during the third quarter. Yousif Capital Management LLC now owns 2,577 shares of the medical instruments supplier's stock worth $3,894,000 after acquiring an additional 19 shares during the period. Institutional investors own 95.07% of the company's stock.

Insider Activity

In other news, Director Thomas Salice sold 417 shares of the company's 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gerry Keller sold 240 shares of the 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 $369,629.26. This represents a 48.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

Mettler-Toledo International Stock Down 0.9%

Shares of NYSE MTD opened at $1,668.71 on Friday. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,713.39. The stock has a market capitalization of $33.44 billion, a P/E ratio of 37.56, a PEG ratio of 3.36 and a beta of 1.19. The stock's fifty day moving average is $1,465.34 and its 200 day moving average is $1,327.91.

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

Analysts Set New Price Targets

Several brokerages have weighed in on MTD. Stifel Nicolaus lifted their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Rothschild & Co Redburn assumed coverage on shares of Mettler-Toledo International in a research report on Wednesday, September 2nd. They set a "sell" rating and a $1,200.00 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 report on Monday, October 19th. Morgan Stanley lifted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 13th. Finally, Wells Fargo & Company lifted their price target 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. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.