Mettler-Toledo International (MTD) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Jun 23, 2016.
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 closed down -1.25 points or -0.33% at $374.74 with 1,19,261 shares getting traded on Tuesday. Post opening the session at $376.54, the shares hit an intraday low of $373.29 and an intraday high of $377.94 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 13, 2016, Wah-hui Chu (director) sold 1,000 shares at $384.00 per share price. According to the SEC, on May 19, 2016, Oliver A Filliol (President and CEO) sold 15,000 shares at $368.66 per share price. On May 18, 2016, William P Donnelly (Executive Vice President) sold 2,967 shares at $370.52 per share price, according to the Form-4 filing with the securities and exchange commission.
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.