Aviva PLC Has $16.29 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Aviva PLC lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 64.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,315 shares of the medical instruments supplier's stock after acquiring an additional 5,195 shares during the quarter. Aviva PLC owned approximately 0.06% of Mettler-Toledo International worth $16,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. acquired a new stake in Mettler-Toledo International in the fourth quarter worth about $7,971,000. Prudential PLC grew its position in shares of Mettler-Toledo International by 38.8% during the 4th quarter. Prudential PLC now owns 3,392 shares of the medical instruments supplier's stock worth $4,151,000 after buying an additional 948 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $819,000. Pitcairn Co. lifted its holdings in Mettler-Toledo International by 5.7% in the fourth quarter. Pitcairn Co. now owns 260 shares of the medical instruments supplier's stock valued at $318,000 after buying an additional 14 shares during the period. Finally, DF Dent & Co. Inc. lifted its holdings in Mettler-Toledo International by 66.7% in the fourth quarter. DF Dent & Co. Inc. now owns 35,080 shares of the medical instruments supplier's stock valued at $42,927,000 after buying an additional 14,033 shares during the period. Institutional investors own 95.07% of the company's stock.

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Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock traded up $43.57 during trading hours on Friday, hitting $1,041.26. The company's stock had a trading volume of 324,135 shares, compared to its average volume of 138,891. The company has a market capitalization of $21.70 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. The stock has a 50 day moving average of $1,217.84 and a 200 day moving average of $1,274.32. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Equities analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the transaction, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 790 shares of the business'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 in the company, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on MTD shares. Wells Fargo & Company upped their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Robert W. Baird lifted their price objective on 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 Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a research note on Monday, April 7th. Finally, Evercore ISI boosted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $1,380.50.

Mettler-Toledo International 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.