Robeco Institutional Asset Management B.V. Acquires 9,306 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Robeco Institutional Asset Management B.V. grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 46.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,136 shares of the medical instruments supplier's stock after buying an additional 9,306 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.14% of Mettler-Toledo International worth $43,695,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MTD. Family Firm Inc. bought a new position in shares of Mettler-Toledo International in the second quarter worth approximately $25,000. Blue Trust Inc. increased its position in 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 purchasing an additional 17 shares during the period. Rothschild Investment LLC purchased a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $42,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter worth $42,000. Finally, Crewe Advisors LLC increased its holdings in shares of Mettler-Toledo International by 244.4% during the second quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier's stock valued at $43,000 after acquiring an additional 22 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTD has been the subject of several recent analyst reports. Wells Fargo & Company started coverage on shares of Mettler-Toledo International in a report on Tuesday, August 27th. They issued an "equal weight" rating and a $1,400.00 price target for the company. JPMorgan Chase & Co. upped their target price 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. StockNews.com raised shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a research report on Thursday, July 11th. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus increased their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Mettler-Toledo International presently has an average rating of "Hold" and an average target price of $1,363.75.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 1,000 shares of the firm's stock in a transaction dated 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 approximately $1,044,459.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded up $12.40 on Wednesday, reaching $1,398.19. 210,417 shares of the company's stock traded hands, compared to its average volume of 113,031. The business's 50 day moving average price is $1,400.98 and its two-hundred day moving average price is $1,399.40. Mettler-Toledo International Inc. has a 12-month low of $953.28 and a 12-month high of $1,546.93. The company has a market capitalization of $29.67 billion, a P/E ratio of 38.48, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16.

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.