Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 18.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,370 shares of the medical instruments supplier’s stock after buying an additional 5,234 shares during the period. Robeco Institutional Asset Management B.V. owned 0.16% of Mettler-Toledo International worth $42,058,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Mettler-Toledo International in the third quarter valued at $37,000. Sound Income Strategies LLC boosted its stake in Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after acquiring an additional 45 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Mettler-Toledo International by 272.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock worth $61,000 after purchasing an additional 30 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Mettler-Toledo International by 60.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock worth $72,000 after purchasing an additional 18 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,338.58 on Thursday. Mettler-Toledo International Inc. has a 12-month low of $1,133.46 and a 12-month high of $1,546.93. The firm has a market capitalization of $28.24 billion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 4.19 and a beta of 1.12. The business has a 50 day simple moving average of $1,257.26 and a 200 day simple moving average of $1,343.51.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The company had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. On average, equities analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gerry Keller sold 140 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the sale, the insider now owns 6 shares of the company’s stock, valued at approximately $7,524.54. This trade represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MTD has been the topic of several research reports. Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Robert W. Baird cut their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company decreased their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Finally, Evercore ISI upgraded Mettler-Toledo International from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $1,375.00 to $1,450.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,351.25.

Mettler-Toledo International Company Profile

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.