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

Prudential PLC increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 38.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,392 shares of the medical instruments supplier’s stock after purchasing an additional 948 shares during the period. Prudential PLC’s holdings in Mettler-Toledo International were worth $4,151,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MTD. State Street Corp grew its position in shares of Mettler-Toledo International by 1.0% during the 3rd quarter. State Street Corp now owns 954,653 shares of the medical instruments supplier’s stock worth $1,431,693,000 after buying an additional 9,009 shares during the period. Alliancebernstein L.P. grew its holdings in Mettler-Toledo International by 9.9% in the fourth quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier’s stock worth $713,627,000 after purchasing an additional 52,726 shares during the period. Geode Capital Management LLC grew its holdings in Mettler-Toledo International by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier’s stock worth $682,340,000 after purchasing an additional 11,032 shares during the period. Norges Bank bought a new stake in Mettler-Toledo International in the fourth quarter valued at $372,954,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Mettler-Toledo International by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier’s stock valued at $335,977,000 after purchasing an additional 33,456 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Gerry Keller sold 600 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly 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 sale 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 stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $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 currently owned by corporate insiders.

Mettler-Toledo International Price Performance

MTD opened at $1,021.97 on Friday. Mettler-Toledo International Inc. has a 1 year low of $1,000.72 and a 1 year high of $1,546.93. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 3.30 and a beta of 1.28. The firm’s fifty day moving average price is $1,264.13 and its two-hundred day moving average price is $1,294.45.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping the consensus estimate 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, equities analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup decreased their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Evercore ISI upped 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. Wells Fargo & Company increased their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Robert W. Baird boosted their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.