CANADA LIFE ASSURANCE Co Has $19.63 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

CANADA LIFE ASSURANCE Co lessened its position in Mettler-Toledo International Inc. (NYSE:MTD) by 27.8% in the fourth quarter, HoldingsChannel reports. The fund owned 16,037 shares of the medical instruments supplier’s stock after selling 6,175 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Mettler-Toledo International were worth $19,626,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Mettler-Toledo International in the 4th quarter worth $372,954,000. Proficio Capital Partners LLC bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at $163,216,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Mettler-Toledo International by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier’s stock valued at $262,211,000 after buying an additional 74,187 shares during the last quarter. Seilern Investment Management Ltd bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $89,221,000. Finally, AustralianSuper Pty Ltd raised its holdings in shares of Mettler-Toledo International by 3,183.2% in the 4th quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock worth $87,705,000 after acquiring an additional 69,490 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MTD shares. Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price target for the company in a research note on Monday, April 7th. Evercore ISI lifted their target price 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. Wells Fargo & Company lowered their price target on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Robert W. Baird raised their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,346.13.

Insider Activity

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 734 shares in the company, 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 SEC, which is available through the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction 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 transaction, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. The trade was a 99.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 1.2 %

MTD stock opened at $1,004.72 on Monday. The stock has a market cap of $20.94 billion, a P/E ratio of 24.79, a P/E/G ratio of 3.30 and a beta of 1.28. The stock’s fifty day simple moving average is $1,185.43 and its two-hundred day simple moving average is $1,258.53. Mettler-Toledo International Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, 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.