Great West Life Assurance Co. Can trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD) by 21.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,681 shares of the medical instruments supplier’s stock after selling 4,194 shares during the quarter. Great West Life Assurance Co. Can owned about 0.06% of Mettler-Toledo International worth $9,557,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MTD. Piedmont Investment Advisors LLC bought a new position in Mettler-Toledo International during the second quarter valued at approximately $167,000. Raymond James Financial Services Advisors Inc. raised its position in Mettler-Toledo International by 3.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,550 shares of the medical instruments supplier’s stock valued at $2,633,000 after acquiring an additional 146 shares in the last quarter. Comerica Bank raised its position in Mettler-Toledo International by 3.1% during the second quarter. Comerica Bank now owns 7,420 shares of the medical instruments supplier’s stock valued at $4,339,000 after acquiring an additional 220 shares in the last quarter. Wells Fargo & Company MN raised its position in Mettler-Toledo International by 10.8% during the second quarter. Wells Fargo & Company MN now owns 45,403 shares of the medical instruments supplier’s stock valued at $26,272,000 after acquiring an additional 4,438 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Mettler-Toledo International by 12.2% during the second quarter. Victory Capital Management Inc. now owns 6,382 shares of the medical instruments supplier’s stock valued at $3,693,000 after acquiring an additional 694 shares in the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

MTD has been the topic of several recent research reports. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Morgan Stanley lifted their price target on shares of Mettler-Toledo International from $529.00 to $572.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 10th. Finally, UBS Group began coverage on shares of Mettler-Toledo International in a research report on Tuesday, October 9th. They issued a “neutral” rating and a $625.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $624.00.

NYSE:MTD opened at $590.78 on Friday. Mettler-Toledo International Inc. has a 12 month low of $521.79 and a 12 month high of $697.26. The company has a market capitalization of $15.28 billion, a PE ratio of 31.32, a PEG ratio of 2.37 and a beta of 1.20. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.39.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, November 8th. The medical instruments supplier reported $5.12 EPS for the quarter, beating the Zacks’ consensus estimate of $4.99 by $0.13. Mettler-Toledo International had a net margin of 14.10% and a return on equity of 93.15%. The company had revenue of $734.85 million for the quarter, compared to analyst estimates of $738.23 million. During the same quarter last year, the firm posted $4.36 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts predict that Mettler-Toledo International Inc. will post 20.23 earnings per share for the current fiscal year.

In other news, insider La Guerroniere Marc De sold 6,245 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $642.79, for a total value of $4,014,223.55. Following the sale, the insider now owns 6,245 shares in the company, valued at $4,014,223.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Hans Ulrich Maerki sold 2,600 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $650.00, for a total transaction of $1,690,000.00. Following the completion of the sale, the director now owns 9,487 shares in the company, valued at approximately $6,166,550. The disclosure for this sale can be found here. In the last three months, insiders sold 31,871 shares of company stock worth $19,575,275. Insiders own 4.80% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Great West Life Assurance Co. Can Trims Stake in Mettler-Toledo International Inc. (MTD)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.watchlistnews.com/great-west-life-assurance-co-can-trims-stake-in-mettler-toledo-international-inc-mtd/2669836.html.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

Further Reading: How to Use the New Google Finance Tool

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTD).

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

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.