Gillespie Robinson Grimm Inc Lowers stake in Mettler-Toledo International (MTD)

Mettler-Toledo International (MTD) : Gillespie Robinson Grimm Inc reduced its stake in Mettler-Toledo International by 16.17% during the most recent quarter end. The investment management company now holds a total of 42,490 shares of Mettler-Toledo International which is valued at $17,992,815 after selling 8,195 shares in Mettler-Toledo International , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Mettler-Toledo International makes up approximately 2.78% of Gillespie Robinson Grimm Inc’s portfolio.

Other Hedge Funds, Including , Dorsey Wright Associates boosted its stake in MTD in the latest quarter, The investment management firm added 572 additional shares and now holds a total of 7,221 shares of Mettler-Toledo International which is valued at $3,057,805. Mettler-Toledo International makes up approx 1.54% of Dorsey Wright Associates’s portfolio. Exxonmobil Investment Management Inc Tx added MTD to its portfolio by purchasing 6,764 company shares during the most recent quarter which is valued at $2,820,588. Mettler-Toledo International makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in MTD by selling 11,015 shares or 91.73% in the most recent quarter. The Hedge Fund company now holds 993 shares of MTD which is valued at $413,753. Chevy Chase Trust Holdings added MTD to its portfolio by purchasing 22,149 company shares during the most recent quarter which is valued at $9,228,824. Mettler-Toledo International makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.

Mettler-Toledo International closed down -12.02 points or -2.84% at $411.44 with 1,98,824 shares getting traded on Tuesday. Post opening the session at $422.51, the shares hit an intraday low of $409.55 and an intraday high of $422.51 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 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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