Allianz Asset Management GmbH Has $43.10 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Allianz Asset Management GmbH decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTDGet Rating) by 50.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,393 shares of the medical instruments supplier’s stock after selling 25,907 shares during the quarter. Allianz Asset Management GmbH owned 0.11% of Mettler-Toledo International worth $43,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CVA Family Office LLC acquired a new position in Mettler-Toledo International during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC increased its stake in shares of Mettler-Toledo International by 44.4% in the third quarter. Eagle Bay Advisors LLC now owns 26 shares of the medical instruments supplier’s stock valued at $36,000 after buying an additional 8 shares during the period. Amplius Wealth Advisors LLC acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $39,000. Moors & Cabot Inc. acquired a new position in shares of Mettler-Toledo International in the third quarter valued at approximately $51,000. Finally, Sageworth Trust Co of South Dakota acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $56,000. 93.88% of the stock is owned by hedge funds and other institutional investors.

MTD has been the subject of several recent research reports. The Goldman Sachs Group downgraded Mettler-Toledo International from a “neutral” rating to a “sell” rating and set a $1,240.00 price objective for the company. in a research note on Thursday, March 10th. Robert W. Baird upped their target price on Mettler-Toledo International from $1,531.00 to $1,595.00 in a report on Friday, February 11th. StockNews.com initiated coverage on Mettler-Toledo International in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company upgraded Mettler-Toledo International from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $1,600.00 to $1,410.00 in a report on Monday, April 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and a consensus target price of $1,449.25.

In related news, insider Gerry Keller sold 948 shares of the stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $1,195.60, for a total value of $1,133,428.80. Following the completion of the sale, the insider now directly owns 505 shares of the company’s stock, valued at approximately $603,778. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wah-Hui Chu sold 300 shares of the stock in a transaction on Friday, May 13th. The shares were sold at an average price of $1,268.00, for a total value of $380,400.00. Following the completion of the sale, the director now directly owns 3,075 shares of the company’s stock, valued at $3,899,100. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,594 shares of company stock worth $40,548,884. 2.80% of the stock is owned by company insiders.

Mettler-Toledo International stock opened at $1,238.58 on Friday. The stock has a market capitalization of $28.17 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 1.67 and a beta of 1.07. Mettler-Toledo International Inc. has a 52-week low of $1,168.31 and a 52-week high of $1,714.75. The stock’s 50 day moving average price is $1,320.21 and its two-hundred day moving average price is $1,441.75. The company has a debt-to-equity ratio of 20.89, a quick ratio of 0.79 and a current ratio of 1.20.

Mettler-Toledo International (NYSE:MTDGet Rating) last issued its earnings results on Thursday, May 5th. The medical instruments supplier reported $7.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.32 by $0.55. Mettler-Toledo International had a return on equity of 540.97% and a net margin of 20.82%. The company had revenue of $897.80 million for the quarter, compared to analysts’ expectations of $868.08 million. During the same period last year, the business earned $6.56 EPS. Mettler-Toledo International’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post 38.35 EPS for the current year.

About Mettler-Toledo International (Get Rating)

Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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