Re Advisers Corp buys $85,952,400 stake in Mettler-Toledo International (MTD)

Mettler-Toledo International (MTD) : Re Advisers Corp scooped up 13,000 additional shares in Mettler-Toledo International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 205,000 shares of Mettler-Toledo International which is valued at $85,952,400.Mettler-Toledo International makes up approximately 1.39% of Re Advisers Corp’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc sold out all of its stake in MTD during the most recent quarter. The investment firm sold 1,304 shares of MTD which is valued $546,741. Quadrature Capital Ltd added MTD to its portfolio by purchasing 1,273 company shares during the most recent quarter which is valued at $541,331. Mettler-Toledo International makes up approx 0.05% of Quadrature Capital Ltd’s portfolio.Mar Vista Investment Partners boosted its stake in MTD in the latest quarter, The investment management firm added 62,668 additional shares and now holds a total of 233,190 shares of Mettler-Toledo International which is valued at $93,534,841. Mettler-Toledo International makes up approx 3.99% of Mar Vista Investment Partners’s portfolio.

Mettler-Toledo International closed down -3.51 points or -0.84% at $414.97 with 2,03,262 shares getting traded on Monday. Post opening the session at $417.97, the shares hit an intraday low of $412.45 and an intraday high of $418.8853 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 $3.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $3.67. The company had revenue of $650.60 million for the quarter, compared to analysts expectations of $627.37 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.26 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *