Mettler-Toledo International (MTD) : Fiduciary Trust Co reduced its stake in Mettler-Toledo International by 2.68% during the most recent quarter end. The investment management company now holds a total of 66,951 shares of Mettler-Toledo International which is valued at $26,775,713 after selling 1,841 shares in Mettler-Toledo International , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Mettler-Toledo International makes up approximately 0.91% of Fiduciary Trust Co’s portfolio.
Other Hedge Funds, Including , Raymond James Financial Services Advisors boosted its stake in MTD in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 803 shares of Mettler-Toledo International which is valued at $321,144.Raymond James Associates boosted its stake in MTD in the latest quarter, The investment management firm added 2,974 additional shares and now holds a total of 6,523 shares of Mettler-Toledo International which is valued at $2,608,743. Mettler-Toledo International makes up approx 0.01% of Raymond James Associates’s portfolio. Intrust Bank Na added MTD to its portfolio by purchasing 557 company shares during the most recent quarter which is valued at $222,232. Mettler-Toledo International makes up approx 0.09% of Intrust Bank Na’s portfolio.
Mettler-Toledo International opened for trading at $404.08 and hit $407.31 on the upside on Thursday, eventually ending the session at $404.72, with a gain of 0.41% or 1.65 points. The heightened volatility saw the trading volume jump to 2,58,803 shares. Company has a market cap of $10,721 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 Upgraded by BofA/Merrill to ” Buy” on Aug 31, 2016. 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.