Dimensional Fund Advisors LP Cuts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Dimensional Fund Advisors LP reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,894 shares of the medical instruments supplier’s stock after selling 2,833 shares during the period. Dimensional Fund Advisors LP owned approximately 0.53% of Mettler-Toledo International worth $159,185,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MTD. Bank of New York Mellon Corp grew its stake in shares of Mettler-Toledo International by 169.4% in the first quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock worth $763,764,000 after acquiring an additional 360,786 shares during the last quarter. PineStone Asset Management Inc. boosted its position in shares of Mettler-Toledo International by 127.4% during the second quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after buying an additional 145,453 shares during the last quarter. Capital International Investors boosted its position in shares of Mettler-Toledo International by 15.1% during the first quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock valued at $1,431,696,000 after buying an additional 141,431 shares during the last quarter. Putnam Investments LLC boosted its position in shares of Mettler-Toledo International by 2,561.7% during the fourth quarter. Putnam Investments LLC now owns 67,555 shares of the medical instruments supplier’s stock valued at $81,941,000 after buying an additional 65,017 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Mettler-Toledo International by 22,090.4% during the fourth quarter. Point72 Asset Management L.P. now owns 59,914 shares of the medical instruments supplier’s stock valued at $72,673,000 after buying an additional 59,644 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Evercore ISI increased their price objective on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. increased their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Stifel Nicolaus increased their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,356.25.

Insider Transactions 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 stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $1,044,459.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $6,884,514. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Down 2.6 %

NYSE MTD opened at $1,406.11 on Friday. The stock’s 50-day moving average price is $1,408.63 and its 200-day moving average price is $1,375.15. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,546.93. The company has a market capitalization of $30.03 billion, a P/E ratio of 39.43, a price-to-earnings-growth ratio of 3.70 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, topping the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The firm had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.13 million. During the same quarter last year, the company earned $10.19 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts anticipate that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

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.