Municipal Employees’ Retirement System Of Michigan buys $4,735,171 stake in Mettler-Toledo International (MTD)

Mettler-Toledo International (MTD) : Municipal Employees’ Retirement System Of Michigan scooped up 2,840 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 15, 2016. The investment management firm now holds a total of 11,840 shares of Mettler-Toledo International which is valued at $4,735,171.Mettler-Toledo International makes up approximately 0.25% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Other Hedge Funds, Including , Hightower Advisors sold out all of its stake in MTD during the most recent quarter. The investment firm sold 1,899 shares of MTD which is valued $759,467.Advisors Asset Management reduced its stake in MTD by selling 2,222 shares or 14.65% in the most recent quarter. The Hedge Fund company now holds 12,949 shares of MTD which is valued at $5,223,627. Mettler-Toledo International makes up approx 0.08% of Advisors Asset Management’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in MTD in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 3,974 shares of Mettler-Toledo International which is valued at $1,585,547. Mettler-Toledo International makes up approx 0.04% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in MTD by selling 545 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 63,988 shares of MTD which is valued at $26,312,505. Mettler-Toledo International makes up approx 0.21% of Public Employees Retirement Association Of Colorado’s portfolio.

Mettler-Toledo International opened for trading at $404.08 and hit $407.31 on the upside on Thursday, eventually ending the session at $404.72, with a gain of 0.41% or 1.65 points. The heightened volatility saw the trading volume jump to 2,58,803 shares. Company has a market cap of $10,721 M.

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 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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