Welch Forbes buys $29,396,447 stake in Mettler-Toledo International (MTD)

Mettler-Toledo International (MTD) : Welch Forbes scooped up 864 additional shares in Mettler-Toledo International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 73,679 shares of Mettler-Toledo International which is valued at $29,396,447.Mettler-Toledo International makes up approximately 0.87% of Welch Forbes’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management boosted its stake in MTD in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 4,100 shares of Mettler-Toledo International which is valued at $1,635,818. Mettler-Toledo International makes up approx 0.07% of Quantitative Investment Management’s portfolio.Moody Lynn Lieberson boosted its stake in MTD in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 1,115 shares of Mettler-Toledo International which is valued at $458,499. Mettler-Toledo International makes up approx 0.08% of Moody Lynn Lieberson’s portfolio.Huntington National Bank reduced its stake in MTD by selling 150 shares or 18.92% in the most recent quarter. The Hedge Fund company now holds 643 shares of MTD which is valued at $251,426. Mettler-Toledo International makes up approx 0.01% of Huntington National Bank’s portfolio.Ls Investment Advisors boosted its stake in MTD in the latest quarter, The investment management firm added 698 additional shares and now holds a total of 2,734 shares of Mettler-Toledo International which is valued at $1,058,277. Mettler-Toledo International makes up approx 0.07% of Ls Investment Advisors’s portfolio.

Mettler-Toledo International closed down -0.48 points or -0.12% at $398.45 with 1,56,312 shares getting traded on Monday. Post opening the session at $399.86, the shares hit an intraday low of $397.09 and an intraday high of $400.15 and the price fluctuated in this range throughout the day.Shares ended Monday 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 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.

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