Robeco Institutional Asset Management B.V. Purchases 932 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• Robeco Institutional Asset Management increased its Mettler-Toledo position by 12% in the third quarter, purchasing 932 shares and bringing its holdings to 8,717 shares valued at $13.17 million. Institutional investors collectively own 95.07% of the company.
• Analyst sentiment remains mixed: six analysts rate Mettler-Toledo a Buy, eight a Hold, and one a Sell. The stock has an average rating of Hold and an average price target of $1,469.15, below its reported opening price of $1,668.71.
• Mettler-Toledo exceeded quarterly earnings expectations, reporting $11.46 in adjusted EPS versus the $10.78 consensus estimate, while revenue reached $1.03 billion, up 4.5% year over year. Insiders have sold 4,254 shares worth approximately $6.09 million over the past 90 days.

Robeco Institutional Asset Management B.V. grew its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,717 shares of the medical instruments supplier's stock after purchasing 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.

A number of other institutional investors have also modified their holdings of the company. XXEC Inc. acquired a new position in shares of Mettler-Toledo International during the 2nd quarter valued at $77,044,000. BlackRock Inc. acquired a new stake in Mettler-Toledo International in the 2nd quarter valued at $2,404,713,000. Bank of New York Mellon Corp purchased a new position in Mettler-Toledo International in the second quarter valued at about $762,553,000. Wellington Management Group LLP raised its position in Mettler-Toledo International by 908.6% in the second 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 during the period. Finally, Amundi boosted its stake in shares of Mettler-Toledo International by 40.7% in the second quarter. Amundi now owns 240,640 shares of the medical instruments supplier's stock valued at $307,420,000 after purchasing an additional 69,620 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MTD shares. Barclays lifted their price target 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. Stifel Nicolaus upped their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Jefferies Financial Group increased their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Morgan Stanley increased their price objective 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 note on Tuesday, October 13th. Finally, 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 target for the company. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $1,469.15.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Thomas Salice sold 417 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the transaction, the director directly owned 292 shares in the company, valued at approximately $420,599.72. This trade represents a 58.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the transaction, 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. Over the last ninety days, insiders sold 4,254 shares of company stock valued at $6,092,712. 0.71% of the stock is owned by corporate insiders.

Mettler-Toledo International Trading Down 0.9%

Shares of NYSE MTD opened at $1,668.71 on Friday. The company has a market cap of $33.44 billion, a price-to-earnings ratio of 37.54, a P/E/G ratio of 3.39 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 company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The business has a fifty day simple moving average of $1,465.34 and a 200-day simple moving average of $1,327.91.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS 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%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $10.09 earnings per share. Sell-side analysts predict that Mettler-Toledo International, Inc. will post 47.38 EPS for the current 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.

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