Ct Mason Lowers stake in Mettler-Toledo International (MTD)

Mettler-Toledo International (MTD) : Ct Mason reduced its stake in Mettler-Toledo International by 35.97% during the most recent quarter end. The investment management company now holds a total of 600 shares of Mettler-Toledo International which is valued at $250,002 after selling 337 shares in Mettler-Toledo International , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Mettler-Toledo International makes up approximately 0.11% of Ct Mason’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank added MTD to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $5,417.

Mettler-Toledo International closed down -3.02 points or -0.72% at $415.84 with 2,15,252 shares getting traded on Tuesday. Post opening the session at $420.19, the shares hit an intraday low of $413.91 and an intraday high of $420.79 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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