Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 36.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,733 shares of the medical instruments supplier's stock after purchasing an additional 1,263 shares during the period. Daiwa Securities Group Inc.'s holdings in Mettler-Toledo International were worth $7,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTD. Price T Rowe Associates Inc. MD raised its stake in Mettler-Toledo International by 88.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier's stock worth $163,290,000 after acquiring an additional 57,509 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Mettler-Toledo International in the first quarter valued at $317,000. Meiji Yasuda Life Insurance Co acquired a new position in Mettler-Toledo International in the first quarter valued at $666,000. California State Teachers Retirement System increased its stake in Mettler-Toledo International by 0.9% in the first quarter. California State Teachers Retirement System now owns 35,950 shares of the medical instruments supplier's stock valued at $47,860,000 after purchasing an additional 305 shares during the period. Finally, iA Global Asset Management Inc. increased its stake in Mettler-Toledo International by 0.5% in the first quarter. iA Global Asset Management Inc. now owns 72,796 shares of the medical instruments supplier's stock valued at $96,913,000 after purchasing an additional 386 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now owns 240 shares of the company's stock, valued at $314,820. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MTD. Wells Fargo & Company dropped their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. Evercore ISI boosted their price objective on shares of 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. Stifel Nicolaus decreased their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a "neutral" rating in a report on Monday, August 5th. Finally, Robert W. Baird decreased their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International presently has an average rating of "Hold" and an average price target of $1,338.75.

Mettler-Toledo International Stock Up 0.6 %

Shares of MTD traded up $7.83 on Tuesday, hitting $1,232.30. 181,529 shares of the stock traded hands, compared to its average volume of 137,376. The firm has a market capitalization of $26.00 billion, a P/E ratio of 33.03, a P/E/G ratio of 4.02 and a beta of 1.16. The stock's 50 day moving average is $1,358.47 and its two-hundred day moving average is $1,399.52. Mettler-Toledo International Inc. has a 1 year low of $1,059.08 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.21. The business had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Research analysts forecast that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

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.