Neuberger Berman Group LLC decreased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,202 shares of the medical instruments supplier’s stock after selling 235 shares during the quarter. Neuberger Berman Group LLC’s holdings in Mettler-Toledo International were worth $4,827,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MTD. BlackRock Inc. raised its stake in Mettler-Toledo International by 1,735.6% during the first quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock valued at $837,207,000 after buying an additional 1,652,915 shares during the last quarter. Clearbridge Investments LLC raised its stake in Mettler-Toledo International by 97.4% during the first quarter. Clearbridge Investments LLC now owns 180,393 shares of the medical instruments supplier’s stock valued at $86,392,000 after buying an additional 89,000 shares during the last quarter. Morgan Stanley raised its stake in Mettler-Toledo International by 37.8% during the first quarter. Morgan Stanley now owns 269,128 shares of the medical instruments supplier’s stock valued at $128,890,000 after buying an additional 73,762 shares during the last quarter. Acadian Asset Management LLC raised its stake in Mettler-Toledo International by 15.4% during the second quarter. Acadian Asset Management LLC now owns 549,695 shares of the medical instruments supplier’s stock valued at $323,520,000 after buying an additional 73,217 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Mettler-Toledo International during the first quarter valued at $27,489,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

In other news, Director Robert F. Spoerry sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $590.78, for a total value of $2,953,900.00. Following the completion of the sale, the director now owns 8,287 shares of the company’s stock, valued at approximately $4,895,793.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Caratsch sold 3,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $582.03, for a total value of $1,746,090.00. Following the completion of the sale, the insider now directly owns 2,270 shares of the company’s stock, valued at approximately $1,321,208.10. The disclosure for this sale can be found here. Insiders sold a total of 27,356 shares of company stock valued at $16,150,829 in the last three months. Insiders own 5.20% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Neuberger Berman Group LLC Sells 235 Shares of Mettler-Toledo International, Inc. (MTD)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/13/neuberger-berman-group-llc-sells-235-shares-of-mettler-toledo-international-inc-mtd.html.

MTD has been the subject of a number of recent research reports. Bank of America Corporation lifted their price objective on Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $643.00 price objective for the company in a research note on Thursday, May 25th. BidaskClub cut Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Morgan Stanley reiterated an “equal weight” rating and set a $565.00 price objective (up previously from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $550.00 price objective on shares of Mettler-Toledo International in a research note on Tuesday, June 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Mettler-Toledo International has a consensus rating of “Buy” and a consensus target price of $569.80.

Mettler-Toledo International, Inc. (NYSE MTD) opened at 629.42 on Wednesday. The stock has a 50 day moving average price of $589.62 and a 200 day moving average price of $550.94. Mettler-Toledo International, Inc. has a 1-year low of $388.15 and a 1-year high of $629.63. The stock has a market cap of $16.16 billion, a PE ratio of 38.70 and a beta of 1.11.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.03. The business had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.22 EPS. On average, analysts predict that Mettler-Toledo International, Inc. will post $17.33 EPS for the current fiscal year.

Mettler-Toledo International Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD).

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

Receive News & Stock Ratings for Mettler-Toledo International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International Inc. and related stocks with our FREE daily email newsletter.