Russell Investments Group Ltd. Buys 18,988 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Russell Investments Group Ltd. boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 26.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 90,331 shares of the medical instruments supplier's stock after buying an additional 18,988 shares during the period. Russell Investments Group Ltd. owned approximately 0.43% of Mettler-Toledo International worth $110,505,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Aviva PLC lifted its position in Mettler-Toledo International by 64.0% during the 4th quarter. Aviva PLC now owns 13,315 shares of the medical instruments supplier's stock worth $16,293,000 after acquiring an additional 5,195 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Mettler-Toledo International during the 4th quarter worth approximately $7,971,000. Prudential PLC raised its position in shares of Mettler-Toledo International by 38.8% in the 4th quarter. Prudential PLC now owns 3,392 shares of the medical instruments supplier's stock valued at $4,151,000 after purchasing an additional 948 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Mettler-Toledo International during the 4th quarter valued at approximately $819,000. Finally, Pitcairn Co. grew its position in shares of Mettler-Toledo International by 5.7% during the fourth quarter. Pitcairn Co. now owns 260 shares of the medical instruments supplier's stock worth $318,000 after buying an additional 14 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Mettler-Toledo International

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

Mettler-Toledo International Stock Up 3.0 %

Shares of NYSE:MTD traded up $29.90 during trading on Friday, reaching $1,027.59. 143,794 shares of the company traded hands, compared to its average volume of 137,953. The firm has a fifty day simple moving average of $1,223.79 and a 200 day simple moving average of $1,278.46. Mettler-Toledo International Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The firm has a market cap of $21.42 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 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%. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MTD. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating on the stock. Wells Fargo & Company boosted their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. Evercore ISI lifted their price objective 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. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Finally, Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a research report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Mettler-Toledo International presently has a consensus rating of "Hold" and an average target price 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.