Prudential PLC Has $4.15 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Prudential PLC boosted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 38.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,392 shares of the medical instruments supplier's stock after purchasing an additional 948 shares during the quarter. Prudential PLC's holdings in Mettler-Toledo International were worth $4,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $44,000. Blue Trust Inc. raised its position in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $54,000. Finally, Sound Income Strategies LLC boosted its position in shares of Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after purchasing an additional 45 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Trading Up 4.4 %

Shares of MTD stock traded up $43.57 during trading hours on Friday, hitting $1,041.26. 324,135 shares of the company were exchanged, compared to its average volume of 138,835. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93. The business has a 50 day moving average of $1,217.84 and a two-hundred day moving average of $1,275.83. The company has a market capitalization of $21.70 billion, a PE ratio of 25.69, a PEG ratio of 3.30 and a beta of 1.28.

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Mettler-Toledo International (NYSE:MTD - Get Free Report) last released 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%. On average, research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MTD shares. Robert W. Baird raised their target price 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. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating on the stock. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a research note on Monday. Evercore ISI lifted 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 research report on Monday, February 10th. Finally, Wells Fargo & Company upped their price objective 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. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $1,380.50.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction 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 transaction, the insider now owns 6 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christian Magloth sold 790 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

About Mettler-Toledo International

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.