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

Impax Asset Management Group plc lessened its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 3.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 188,022 shares of the medical instruments supplier’s stock after selling 6,199 shares during the quarter. Mettler-Toledo International comprises approximately 1.1% of Impax Asset Management Group plc’s holdings, making the stock its 29th biggest position. Impax Asset Management Group plc’s holdings in Mettler-Toledo International were worth $281,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTD. Commonwealth Equity Services LLC boosted its stake in shares of 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 buying an additional 39 shares during the last quarter. Norden Group LLC grew its holdings 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 purchasing an additional 176 shares during the period. Janney Montgomery Scott LLC grew its holdings 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 purchasing an additional 181 shares during the period. Fidelis Capital Partners LLC bought a new position in Mettler-Toledo International during the first quarter valued at $129,000. Finally, Daiwa Securities Group Inc. grew its holdings in Mettler-Toledo International by 36.6% during the first quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier’s stock valued at $3,570,000 after purchasing an additional 719 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 250 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the sale, 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 filing with the SEC, which is accessible through the SEC website. In related news, insider Christian Magloth sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares in the company, valued at $6,884,514. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,364.02 on Tuesday. The company has a market cap of $28.94 billion, a P/E ratio of 37.53, a P/E/G ratio of 3.92 and a beta of 1.16. The stock’s fifty day moving average price is $1,402.22 and its two-hundred day moving average price is $1,398.02. Mettler-Toledo International Inc. has a 1 year low of $953.28 and a 1 year high of $1,546.93.

Analyst Upgrades and Downgrades

MTD has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. The Goldman Sachs Group increased their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Stifel Nicolaus increased their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a report on Monday, August 5th. Wells Fargo & Company started coverage on Mettler-Toledo International in a report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price objective for the company. Finally, StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,363.75.

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.