Robeco Institutional Asset Management B.V. Raises Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Robeco Institutional Asset Management B.V. lifted its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,237 shares of the medical instruments supplier's stock after purchasing an additional 3,867 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.18% of Mettler-Toledo International worth $45,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MTD. SBI Securities Co. Ltd. purchased a new stake in Mettler-Toledo International during the 4th quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International in the fourth quarter worth approximately $44,000. Golden State Wealth Management LLC grew its position in Mettler-Toledo International by 583.3% in the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock worth $48,000 after acquiring an additional 35 shares during the period. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International in the fourth quarter worth approximately $54,000. Finally, Menard Financial Group LLC purchased a new position in Mettler-Toledo International in the fourth quarter worth approximately $67,000. Hedge funds and other institutional investors own 95.07% of the company's stock.

Analysts Set New Price Targets

MTD has been the subject of several analyst reports. Wells Fargo & Company increased their price objective 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. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Robert W. Baird decreased their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Barclays started coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price target on the stock. Finally, Bank of America upped their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $1,300.36.

Insider Buying and Selling

In related news, Director Michael A. Kelly sold 1,062 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the transaction, the director owned 120 shares of the company's stock, valued at $139,191.60. This represents a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.77% of the stock is owned by company insiders.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded down $8.98 during mid-day trading on Monday, hitting $1,175.56. The company had a trading volume of 119,236 shares, compared to its average volume of 150,423. The company has a market capitalization of $24.43 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 3.64 and a beta of 1.38. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The business's 50-day simple moving average is $1,138.07 and its 200 day simple moving average is $1,196.50.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating the consensus estimate of $7.90 by $0.29. The firm had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. Mettler-Toledo International's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.89 earnings per share. On average, analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

About Mettler-Toledo International

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.