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

Impax Asset Management Group plc trimmed its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 188,022 shares of the medical instruments supplier's stock after selling 6,199 shares during the quarter. Mettler-Toledo International accounts for about 1.1% of Impax Asset Management Group plc's holdings, making the stock its 29th largest position. Impax Asset Management Group plc owned about 0.89% of Mettler-Toledo International worth $281,977,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in Mettler-Toledo International by 5.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 753 shares of the medical instruments supplier's stock worth $1,002,000 after purchasing an additional 39 shares in the last quarter. Norden Group LLC boosted its stake in Mettler-Toledo International by 74.3% during the first quarter. Norden Group LLC now owns 413 shares of the medical instruments supplier's stock valued at $550,000 after buying an additional 176 shares during the period. Janney Montgomery Scott LLC boosted its stake in Mettler-Toledo International by 69.9% during the first quarter. Janney Montgomery Scott LLC now owns 440 shares of the medical instruments supplier's stock valued at $586,000 after buying an additional 181 shares during the period. Fidelis Capital Partners LLC bought a new position in Mettler-Toledo International in the 1st quarter worth about $129,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Mettler-Toledo International by 36.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier's stock valued at $3,570,000 after acquiring an additional 719 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Up 1.6 %

Shares of MTD traded up $21.77 during trading hours on Tuesday, hitting $1,385.79. The company had a trading volume of 103,516 shares, compared to its average volume of 132,331. The firm has a market cap of $29.41 billion, a P/E ratio of 38.13, a P/E/G ratio of 3.92 and a beta of 1.16. Mettler-Toledo International Inc. has a 52-week low of $953.28 and a 52-week high of $1,546.93. The stock's 50 day moving average price is $1,401.48 and its 200 day moving average price is $1,399.41.

Analysts Set New Price Targets

Several research analysts have recently commented on 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 report on Tuesday, October 1st. StockNews.com raised shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a report on Thursday, July 11th. JPMorgan Chase & Co. upped their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They set an "equal weight" rating and a $1,400.00 price target for the company. Finally, Stifel Nicolaus upped their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a "buy" rating in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $1,363.75.

Insiders Place Their Bets

In other news, CFO Shawn Vadala sold 250 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Shawn Vadala sold 250 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 4,914 shares of the company's stock, valued at approximately $6,884,514. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christian Magloth sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the sale, the insider now owns 734 shares of the company's stock, valued at approximately $1,044,459.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

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.