Nomura Asset Management Co. Ltd. Boosts Holdings in Mettler-Toledo International, Inc. (MTD)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,440 shares of the medical instruments supplier’s stock after acquiring an additional 183 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Mettler-Toledo International were worth $2,154,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MTD. First Personal Financial Services increased its stake in shares of Mettler-Toledo International by 2.8% in the second quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock worth $109,000 after buying an additional 5 shares during the period. Sun Life Financial INC boosted its holdings in Mettler-Toledo International by 2,585.7% in the second quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock valued at $111,000 after acquiring an additional 181 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Mettler-Toledo International in the second quarter valued at $118,000. Quantbot Technologies LP bought a new stake in Mettler-Toledo International in the third quarter valued at $193,000. Finally, Conning Inc. bought a new stake in Mettler-Toledo International in the second quarter valued at $206,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Michael A. Kelly sold 3,384 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $638.24, for a total transaction of $2,159,804.16. Following the sale, the director now owns 4,762 shares in the company, valued at approximately $3,039,298.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Simon Kirk sold 4,726 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $629.01, for a total transaction of $2,972,701.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,969 shares of company stock worth $25,242,999. Company insiders own 5.20% of the company’s stock.

MTD has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Goldman Sachs Group reiterated a “buy” rating and issued a $690.00 price target on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Morgan Stanley lifted their price target on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Robert W. Baird lifted their price target on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, Jefferies Group reiterated a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a report on Friday, October 20th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $621.57.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) traded up $0.34 during mid-day trading on Wednesday, hitting $625.01. 113,900 shares of the stock were exchanged, compared to its average volume of 155,946. Mettler-Toledo International, Inc. has a 1 year low of $408.97 and a 1 year high of $694.48. The company has a market cap of $15,978.51, a PE ratio of 36.96, a PEG ratio of 2.85 and a beta of 1.09. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, beating the Zacks’ consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The firm had revenue of $698.80 million for the quarter, compared to analysts’ expectations of $685.56 million. During the same quarter in the previous year, the business posted $3.89 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. equities research analysts expect that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current year.

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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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