Tidal Investments LLC Lowers Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Tidal Investments LLC decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 92.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,315 shares of the medical instruments supplier's stock after selling 15,092 shares during the quarter. Tidal Investments LLC's holdings in Mettler-Toledo International were worth $1,609,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Mettler-Toledo International during the fourth quarter valued at $33,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $44,000. Blue Trust Inc. grew its position in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $54,000. Finally, Sound Income Strategies LLC boosted its position in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after purchasing an additional 45 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Down 0.6%

Shares of Mettler-Toledo International stock traded down $6.62 on Wednesday, hitting $1,156.22. 130,803 shares of the company were exchanged, compared to its average volume of 149,994. The company has a 50-day moving average price of $1,096.19 and a 200 day moving average price of $1,207.71. The stock has a market capitalization of $24.03 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The company had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same quarter in the previous year, the company posted $8.89 earnings per share. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. Research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on MTD. Robert W. Baird reduced their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Jefferies Financial Group raised shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price target for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company raised their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $1,302.11.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.