AIA Group Ltd Has $2.76 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

AIA Group Ltd decreased its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,256 shares of the medical instruments supplier’s stock after selling 12 shares during the quarter. AIA Group Ltd’s holdings in Mettler-Toledo International were worth $2,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MTD. O Shaughnessy Asset Management LLC raised its stake in Mettler-Toledo International by 5.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,510 shares of the medical instruments supplier’s stock valued at $3,071,000 after purchasing an additional 122 shares during the period. CIBC Private Wealth Group LLC raised its position in Mettler-Toledo International by 4.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 662 shares of the medical instruments supplier’s stock valued at $825,000 after buying an additional 28 shares during the period. RWA Wealth Partners LLC lifted its stake in Mettler-Toledo International by 45.6% in the 4th quarter. RWA Wealth Partners LLC now owns 246 shares of the medical instruments supplier’s stock worth $301,000 after acquiring an additional 77 shares in the last quarter. Schroder Investment Management Group boosted its position in Mettler-Toledo International by 24.7% during the 4th quarter. Schroder Investment Management Group now owns 59,475 shares of the medical instruments supplier’s stock worth $72,555,000 after acquiring an additional 11,789 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Mettler-Toledo International by 558.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 45,316 shares of the medical instruments supplier’s stock valued at $55,452,000 after acquiring an additional 38,433 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Up 0.5 %

Shares of Mettler-Toledo International stock opened at $1,182.55 on Tuesday. Mettler-Toledo International Inc. has a 12-month low of $1,136.00 and a 12-month high of $1,546.93. The stock has a market capitalization of $24.65 billion, a P/E ratio of 29.18, a PEG ratio of 3.30 and a beta of 1.15. The stock has a 50 day moving average price of $1,281.57 and a two-hundred day moving average price of $1,301.57.

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

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Analysts Set New Price Targets

MTD has been the subject of several research reports. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating on the stock. Robert W. Baird increased their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Citigroup lowered their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company raised their price target on 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,380.50.

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.