Mettler-Toledo International (MTD) : Mar Vista Investment Partners reduced its stake in Mettler-Toledo International by 3.12% during the most recent quarter end. The investment management company now holds a total of 243,311 shares of Mettler-Toledo International which is valued at $86,925,288 after selling 7,826 shares in Mettler-Toledo International , the firm said in a disclosure report filed with the SEC on May 3, 2016.Mettler-Toledo International makes up approximately 5.35% of Mar Vista Investment Partners’s portfolio.
Other Hedge Funds, Including , Scout Investments reduced its stake in MTD by selling 16,621 shares or 14.67% in the most recent quarter. The Hedge Fund company now holds 96,682 shares of MTD which is valued at $34,540,611. Mettler-Toledo International makes up approx 0.94% of Scout Investments’s portfolio.Burney Co reduced its stake in MTD by selling 257 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 9,308 shares of MTD which is valued at $3,325,376. Mettler-Toledo International makes up approx 0.24% of Burney Co’s portfolio.Texas Permanent School Fund reduced its stake in MTD by selling 1,114 shares or 4.89% in the most recent quarter. The Hedge Fund company now holds 21,658 shares of MTD which is valued at $7,752,481. Mettler-Toledo International makes up approx 0.10% of Texas Permanent School Fund’s portfolio.
Mettler-Toledo International opened for trading at $361.68 and hit $367.19 on the upside on Tuesday, eventually ending the session at $366.42, with a gain of 1.80% or 6.48 points. The heightened volatility saw the trading volume jump to 2,21,700 shares. Company has a market cap of $9,805 M.
On the company’s financial health, Mettler-Toledo International reported $2.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $2.44. The company had revenue of $539.70 million for the quarter, compared to analysts expectations of $535.86 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 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.