Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. cut its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 86.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 700 shares of the medical instruments supplier's stock after selling 4,300 shares during the quarter. Nomura Holdings Inc.'s holdings in Mettler-Toledo International were worth $857,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth $44,000. Blue Trust Inc. boosted its position in shares of Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after buying an additional 17 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the fourth quarter worth $54,000. Finally, Sound Income Strategies LLC boosted its position in shares of Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after buying an additional 45 shares during the period. 95.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company's stock, valued at $964,248.46. The trade was a 51.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their target price for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a research report on Monday, April 7th. StockNews.com cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Evercore ISI lifted their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International has an average rating of "Hold" and a consensus target price of $1,296.13.

Mettler-Toledo International Trading Up 0.2%

MTD opened at $1,159.20 on Tuesday. The stock has a market cap of $24.09 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The stock has a fifty day moving average price of $1,105.88 and a 200 day moving average price of $1,216.32.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The company had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. During the same quarter in the previous year, the firm earned $8.89 earnings per share. The business's quarterly revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal 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.

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