Mettler-Toledo International (MTD) : Segall Bryant Hamill reduced its stake in Mettler-Toledo International by 3.43% during the most recent quarter end. The investment management company now holds a total of 159,044 shares of Mettler-Toledo International which is valued at $63,606,467 after selling 5,651 shares in Mettler-Toledo International , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Mettler-Toledo International makes up approximately 1.61% of Segall Bryant Hamill’s portfolio.
Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in MTD by selling 1,197 shares or 5.53% in the most recent quarter. The Hedge Fund company now holds 20,461 shares of MTD which is valued at $8,182,968. Mettler-Toledo International makes up approx 0.10% of Texas Permanent School Fund’s portfolio. Navellier Associates Inc sold out all of its stake in MTD during the most recent quarter. The investment firm sold 12 shares of MTD which is valued $4,788.Rockefeller Financial Services Inc reduced its stake in MTD by selling 93 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 3,575 shares of MTD which is valued at $1,383,811. Mettler-Toledo International makes up approx 0.03% of Rockefeller Financial Services Inc’s portfolio.
Mettler-Toledo International opened for trading at $404.73 and hit $410.38 on the upside on Friday, eventually ending the session at $407.97, with a gain of 0.61% or 2.48 points. The heightened volatility saw the trading volume jump to 2,07,803 shares. Company has a market cap of $10,807 M.
On the company’s financial health, Mettler-Toledo International reported $3.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $3.13. The company had revenue of $608.28 million for the quarter, compared to analysts expectations of $597.28 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 EPS.
Many Wall Street Analysts have commented on Mettler-Toledo International. Mettler-Toledo International was Downgraded by Citigroup to ” Neutral” on Jun 23, 2016.
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.