Capital Counselny Lowers stake in Mettler-Toledo International (MTD)

Mettler-Toledo International (MTD) : Capital Counselny reduced its stake in Mettler-Toledo International by 44.77% during the most recent quarter end. The investment management company now holds a total of 287,165 shares of Mettler-Toledo International which is valued at $105.7 Million after selling 232,769 shares in Mettler-Toledo International , the firm said in a disclosure report filed with the SEC on May 13, 2016.Mettler-Toledo International makes up approximately 9.47% of Capital Counselny’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp reduced its stake in MTD by selling 3,074 shares or 62.15% in the most recent quarter. The Hedge Fund company now holds 1,872 shares of MTD which is valued at $688,765. Mettler-Toledo International makes up approx 0.03% of Stevens Capital Management Lp’s portfolio. Halbert Hargroverussell sold out all of its stake in MTD during the most recent quarter. The investment firm sold 721 shares of MTD which is valued $265,278.Manufacturers Life Insurance Company The boosted its stake in MTD in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 35,821 shares of Mettler-Toledo International which is valued at $13.2 Million. Mettler-Toledo International makes up approx 0.02% of Manufacturers Life Insurance Company The’s portfolio. Princeton Alpha Management Lp added MTD to its portfolio by purchasing 5,122 company shares during the most recent quarter which is valued at $1.8 Million. Mettler-Toledo International makes up approx 0.30% of Princeton Alpha Management Lp’s portfolio. Tocqueville Asset Management sold out all of its stake in MTD during the most recent quarter. The investment firm sold 2,014 shares of MTD which is valued $720,911.

Mettler-Toledo International closed down -2.59 points or -0.70% at $368.57 with 1,93,268 shares getting traded on Wednesday. Post opening the session at $371, the shares hit an intraday low of $368.03 and an intraday high of $374.64 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

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