Endurance Wealth Management Lowers stake in Mettler-Toledo International (MTD)

Mettler-Toledo International (MTD) : Endurance Wealth Management reduced its stake in Mettler-Toledo International by 4.31% during the most recent quarter end. The investment management company now holds a total of 27,739 shares of Mettler-Toledo International which is valued at $9,994,084 after selling 1,248 shares in Mettler-Toledo International , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Mettler-Toledo International makes up approximately 1.93% of Endurance Wealth Management’s portfolio.

Mettler-Toledo International opened for trading at $358.7 and hit $361.9099 on the upside on Friday, eventually ending the session at $360.29, with a gain of 0.37% or 1.34 points. The heightened volatility saw the trading volume jump to 1,52,574 shares. Company has a market cap of $9,721 M.

Other Hedge Funds, Including , Dorsey Wright Associates added MTD to its portfolio by purchasing 6,445 company shares during the most recent quarter which is valued at $2,260,068. Mettler-Toledo International makes up approx 1.20% of Dorsey Wright Associates’s portfolio.Jlb Associates Inc reduced its stake in MTD by selling 18 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 4,097 shares of MTD which is valued at $1,436,695. Mettler-Toledo International makes up approx 0.42% of Jlb Associates Inc’s portfolio.Creative Planning reduced its stake in MTD by selling 10 shares or 6.21% in the most recent quarter. The Hedge Fund company now holds 151 shares of MTD which is valued at $52,951.

On the company’s financial health, Mettler-Toledo International reported $4.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $4.61. The company had revenue of $673.54 million for the quarter, compared to analysts expectations of $672.04 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.24 EPS.

Mettler-Toledo International Inc. is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes. In addition it is also a supplier of end-of-line inspection systems used in production and packaging for food pharmaceutical and other industries. The Company operates through five segments: U.S. Operations Swiss Operations Western European Operations Chinese Operations and Other. The Company’s products include laboratory instruments industrial instruments and retail weighing solutions. The Company’s manufacturing facilities are located in China Switzerland the United States Germany and the United Kingdom.

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