Daiwa Securities Group Inc. decreased its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 43.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,450 shares of the medical instruments supplier’s stock after selling 1,100 shares during the period. Daiwa Securities Group Inc.’s holdings in Mettler-Toledo International were worth $853,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MTD. Teachers Advisors LLC boosted its stake in Mettler-Toledo International by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 37,697 shares of the medical instruments supplier’s stock valued at $15,778,000 after buying an additional 2,672 shares during the period. Macquarie Group Ltd. boosted its stake in Mettler-Toledo International by 31.8% in the fourth quarter. Macquarie Group Ltd. now owns 6,590 shares of the medical instruments supplier’s stock valued at $2,757,000 after buying an additional 1,590 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Mettler-Toledo International by 2.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 22,518 shares of the medical instruments supplier’s stock worth $10,784,000 after buying an additional 435 shares during the last quarter. Creative Planning boosted its stake in shares of Mettler-Toledo International by 7.4% in the first quarter. Creative Planning now owns 1,151 shares of the medical instruments supplier’s stock worth $551,000 after buying an additional 79 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in shares of Mettler-Toledo International by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 8,168 shares of the medical instruments supplier’s stock worth $3,911,000 after buying an additional 110 shares during the last quarter. 96.22% of the stock is owned by institutional investors.

Shares of Mettler-Toledo International, Inc. (MTD) opened at 577.58 on Friday. The stock has a 50 day moving average price of $591.25 and a 200-day moving average price of $529.09. Mettler-Toledo International, Inc. has a 52 week low of $386.01 and a 52 week high of $618.13. The firm has a market capitalization of $14.83 billion, a PE ratio of 35.52 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.03. The company had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $3.22 earnings per share. Equities analysts anticipate that Mettler-Toledo International, Inc. will post $16.89 earnings per share for the current year.

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 price objective for the company in a research note on Wednesday, June 7th. Cleveland Research raised Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 19th. BidaskClub raised Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a research note on Thursday, July 27th. Finally, Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $569.80.

In other news, Director Robert F. Spoerry sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $555.78, for a total transaction of $2,778,900.00. Following the completion of the sale, the director now directly owns 9,656 shares in the company, valued at $5,366,611.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Caratsch sold 150 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $578.00, for a total value of $86,700.00. Following the sale, the insider now owns 920 shares of the company’s stock, valued at $531,760. The disclosure for this sale can be found here. Insiders have sold 23,996 shares of company stock valued at $13,673,195 over the last 90 days. Insiders own 5.20% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

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

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