Meritage Portfolio Management Lowers stake in Mettler-Toledo International (MTD)

Mettler-Toledo International (MTD) : Meritage Portfolio Management reduced its stake in Mettler-Toledo International by 1.01% during the most recent quarter end. The investment management company now holds a total of 13,753 shares of Mettler-Toledo International which is valued at $5,029,610 after selling 140 shares in Mettler-Toledo International , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Mettler-Toledo International makes up approximately 0.57% of Meritage Portfolio Management’s portfolio.

Mettler-Toledo International opened for trading at $362.97 and hit $366.97 on the upside on Wednesday, eventually ending the session at $365.49, with a gain of 1.06% or 3.83 points. The heightened volatility saw the trading volume jump to 95,084 shares. Company has a market cap of $9,861 M.

Other Hedge Funds, Including , Private Trust Co Na added MTD to its portfolio by purchasing 585 company shares during the most recent quarter which is valued at $213,940. Mettler-Toledo International makes up approx 0.06% of Private Trust Co Na’s portfolio.Gemmer Asset Management boosted its stake in MTD in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 232 shares of Mettler-Toledo International which is valued at $83,587. Mettler-Toledo International makes up approx 0.05% of Gemmer Asset Management’s portfolio.Proficio Capital Partners reduced its stake in MTD by selling 3 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 6 shares of MTD which is valued at $2,104.

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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