Daiwa Securities Group Inc. Raises Position in Mettler-Toledo International Inc. (NYSE:MTD)

Daiwa Securities Group Inc. grew its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 36.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,682 shares of the medical instruments supplier's stock after purchasing an additional 719 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Mettler-Toledo International were worth $3,570,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Seven Eight Capital LP purchased a new stake in shares of Mettler-Toledo International during the third quarter valued at $236,000. Sei Investments Co. raised its stake in shares of Mettler-Toledo International by 22.9% in the third quarter. Sei Investments Co. now owns 23,755 shares of the medical instruments supplier's stock worth $26,327,000 after purchasing an additional 4,431 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Mettler-Toledo International by 3.9% in the third quarter. The Manufacturers Life Insurance Company now owns 23,982 shares of the medical instruments supplier's stock worth $26,574,000 after purchasing an additional 900 shares during the last quarter. Toroso Investments LLC lifted its holdings in shares of Mettler-Toledo International by 7.1% during the third quarter. Toroso Investments LLC now owns 1,486 shares of the medical instruments supplier's stock worth $1,647,000 after purchasing an additional 98 shares during the period. Finally, Morgan Stanley increased its holdings in Mettler-Toledo International by 9.6% in the 3rd quarter. Morgan Stanley now owns 267,167 shares of the medical instruments supplier's stock worth $296,041,000 after buying an additional 23,305 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on MTD shares. Stifel Nicolaus upped their price objective on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a "buy" rating in a report on Monday, May 13th. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an "in-line" rating in a report on Tuesday, July 2nd. Citigroup increased their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a "sell" rating in a report on Monday, May 13th. StockNews.com cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Wednesday, July 3rd. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and issued a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Two research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $1,267.50.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded down $16.08 on Monday, hitting $1,330.00. 156,927 shares of the stock traded hands, compared to its average volume of 146,085. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,535.86. The firm's 50-day moving average price is $1,413.84 and its two-hundred day moving average price is $1,300.58. The stock has a market capitalization of $28.41 billion, a PE ratio of 37.30, a PEG ratio of 3.61 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, beating the consensus estimate of $7.61 by $1.28. The company had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. Mettler-Toledo International's revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $8.69 EPS. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares of the company's stock, valued at approximately $7,510,705.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gerry Keller sold 310 shares of the firm's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $1,511.56, for a total value of $468,583.60. Following the transaction, the insider now owns 6 shares of the company's stock, valued at $9,069.36. The disclosure for this sale can be found here. Insiders have sold 3,278 shares of company stock worth $4,871,849 over the last quarter. 1.94% of the stock is currently owned by company insiders.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.