Dorsey Wright Associates buys $3,057,805 stake in Mettler-Toledo International (MTD)

Mettler-Toledo International (MTD) : Dorsey Wright Associates scooped up 572 additional shares in Mettler-Toledo International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 7,221 shares of Mettler-Toledo International which is valued at $3,057,805.Mettler-Toledo International makes up approximately 1.54% of Dorsey Wright Associates’s portfolio.

Other Hedge Funds, Including , Headinvest added MTD to its portfolio by purchasing 1,365 company shares during the most recent quarter which is valued at $578,023. Mettler-Toledo International makes up approx 0.21% of Headinvest’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. 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. Washington Trust Bank added MTD to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $5,417. Eqis Capital Management sold out all of its stake in MTD during the most recent quarter. The investment firm sold 1,414 shares of MTD which is valued $589,171.

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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