Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 45.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,000 shares of the medical instruments supplier's stock after acquiring an additional 624 shares during the quarter. Mizuho Securities USA LLC's holdings in Mettler-Toledo International were worth $2,447,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Advisors Asset Management Inc. increased its position in Mettler-Toledo International by 3.1% during the third quarter. Advisors Asset Management Inc. now owns 1,278 shares of the medical instruments supplier's stock valued at $1,917,000 after acquiring an additional 39 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Mettler-Toledo International in the third quarter valued at about $669,000. Cerity Partners LLC boosted its stake in shares of Mettler-Toledo International by 43.1% during the third quarter. Cerity Partners LLC now owns 3,218 shares of the medical instruments supplier's stock valued at $4,826,000 after purchasing an additional 970 shares in the last quarter. Algert Global LLC bought a new position in shares of Mettler-Toledo International in the 3rd quarter worth $4,807,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Mettler-Toledo International by 10.9% in the 3rd quarter. Larson Financial Group LLC now owns 286 shares of the medical instruments supplier's stock valued at $429,000 after buying an additional 28 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

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Mettler-Toledo International Stock Down 1.4 %

NYSE:MTD traded down $17.29 during trading hours on Friday, reaching $1,176.04. 117,497 shares of the stock were exchanged, compared to its average volume of 131,530. The business has a 50-day moving average of $1,286.23 and a two-hundred day moving average of $1,305.58. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS 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%. On average, research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity

In related news, insider Christian Magloth sold 790 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerry Keller sold 600 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now owns 6 shares of the company's stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on MTD. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Robert W. Baird increased their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their price target on shares of 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. Wolfe Research began coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a "peer perform" rating on the stock. Finally, Citigroup dropped their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $1,380.50.

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.