Robeco Schweiz AG Sells 27,544 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Robeco Schweiz AG lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 52.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,534 shares of the medical instruments supplier’s stock after selling 27,544 shares during the quarter. Robeco Schweiz AG owned approximately 0.11% of Mettler-Toledo International worth $34,288,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of Mettler-Toledo International in the 1st quarter valued at about $25,000. Family Firm Inc. bought a new position in shares of Mettler-Toledo International in the 2nd quarter valued at about $25,000. Spartan Planning & Wealth Management bought a new position in Mettler-Toledo International during the 4th quarter worth approximately $27,000. Bellevue Group AG bought a new position in Mettler-Toledo International during the 4th quarter worth approximately $30,000. Finally, Mather Group LLC. bought a new position in Mettler-Toledo International during the 1st quarter worth approximately $32,000. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Down 1.1 %

NYSE MTD opened at $1,373.40 on Friday. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,546.93. The company has a market capitalization of $29.14 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 3.70 and a beta of 1.14. The firm’s 50 day moving average is $1,400.88 and its 200-day moving average is $1,368.51.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The business had revenue of $946.75 million during the quarter, compared to analysts’ expectations of $929.13 million. During the same period last year, the business earned $10.19 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Wells Fargo & Company started coverage on shares of Mettler-Toledo International in a report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,356.25.

Mettler-Toledo International 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.