Impax Asset Management Group plc Sells 6,199 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Impax Asset Management Group plc lessened its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,022 shares of the medical instruments supplier’s stock after selling 6,199 shares during the quarter. Mettler-Toledo International comprises 1.1% of Impax Asset Management Group plc’s investment portfolio, making the stock its 29th biggest position. Impax Asset Management Group plc owned 0.89% of Mettler-Toledo International worth $281,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MTD. Daiwa Securities Group Inc. lifted its holdings in shares of Mettler-Toledo International by 36.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier’s stock worth $3,570,000 after acquiring an additional 719 shares during the period. Gateway Investment Advisers LLC bought a new stake in shares of Mettler-Toledo International during the 2nd quarter worth $685,000. Mediolanum International Funds Ltd acquired a new stake in Mettler-Toledo International in the first quarter valued at about $2,169,000. AIA Group Ltd grew its position in Mettler-Toledo International by 71.4% in the first quarter. AIA Group Ltd now owns 1,899 shares of the medical instruments supplier’s stock valued at $2,528,000 after acquiring an additional 791 shares during the last quarter. Finally, Swedbank AB acquired a new position in Mettler-Toledo International during the first quarter worth about $26,867,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Shawn Vadala sold 250 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 1,000 shares of the business’s 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 owns 734 shares in the company, valued at approximately $1,044,459.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Mettler-Toledo International Trading Up 1.6 %

NYSE MTD opened at $1,364.02 on Tuesday. Mettler-Toledo International Inc. has a 12 month low of $953.28 and a 12 month high of $1,546.93. The firm has a market capitalization of $28.94 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16. The business’s 50-day moving average price is $1,402.22 and its two-hundred day moving average price is $1,398.02.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MTD shares. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Stifel Nicolaus boosted 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 research note on Monday, August 5th. Wells Fargo & Company assumed coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 price target for the company. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. increased their target price 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. Two investment 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. According to MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $1,363.75.

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.