Impax Asset Management Group plc Increases Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Impax Asset Management Group plc raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 198,852 shares of the medical instruments supplier’s stock after buying an additional 10,830 shares during the quarter. Mettler-Toledo International makes up approximately 1.1% of Impax Asset Management Group plc’s portfolio, making the stock its 28th biggest position. Impax Asset Management Group plc’s holdings in Mettler-Toledo International were worth $243,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of Mettler-Toledo International by 242.9% during the third 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 period. Ashton Thomas Securities LLC bought a new stake in Mettler-Toledo International during the 3rd quarter valued at approximately $37,000. Sound Income Strategies LLC grew its holdings in shares of 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 worth $56,000 after acquiring an additional 45 shares during the period. Huntington National Bank raised its position in shares of Mettler-Toledo International by 20.0% in the 3rd quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after acquiring an additional 9 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its stake in shares of Mettler-Toledo International by 80.0% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 54 shares of the medical instruments supplier’s stock valued at $81,000 after purchasing an additional 24 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Down 1.3 %

NYSE:MTD opened at $1,285.67 on Monday. The stock has a market cap of $26.90 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 3.30 and a beta of 1.13. The company’s 50 day moving average price is $1,285.56 and its 200-day moving average price is $1,332.98. Mettler-Toledo International Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. As a group, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This represents a 99.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus decreased their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Wells Fargo & Company increased their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Robert W. Baird boosted their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their target price for the company from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Finally, Wolfe Research assumed coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,368.00.

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.