Waters Corporation (WAT) Holdings Increased by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. boosted its position in Waters Corporation (NYSE:WAT) by 128.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,062 shares of the medical instruments supplier’s stock after purchasing an additional 27,038 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.06% of Waters Corporation worth $8,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its stake in Waters Corporation by 0.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 573 shares of the medical instruments supplier’s stock worth $105,000 after purchasing an additional 2 shares in the last quarter. Watermark Asset Management Inc. purchased a new stake in Waters Corporation in the 1st quarter worth approximately $106,000. ETF Managers Group LLC purchased a new stake in Waters Corporation in the 2nd quarter worth approximately $106,000. First Manhattan Co. purchased a new stake in Waters Corporation in the 2nd quarter worth approximately $130,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Waters Corporation in the 2nd quarter worth approximately $160,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Waters Corporation (WAT) Holdings Increased by Cornerstone Capital Management Holdings LLC.” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/waters-corporation-wat-holdings-increased-by-cornerstone-capital-management-holdings-llc.html.

Shares of Waters Corporation (NYSE:WAT) opened at 184.35 on Tuesday. Waters Corporation has a 52-week low of $133.35 and a 52-week high of $190.39. The stock has a market cap of $14.72 billion, a PE ratio of 27.78 and a beta of 0.82. The stock’s 50 day moving average is $183.27 and its 200 day moving average is $176.86.

Waters Corporation (NYSE:WAT) last released its earnings results on Tuesday, July 25th. The medical instruments supplier reported $1.76 EPS for the quarter, topping the consensus estimate of $1.71 by $0.05. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. The firm had revenue of $558.30 million for the quarter, compared to the consensus estimate of $553.22 million. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Waters Corporation will post $7.39 earnings per share for the current year.

In related news, Director Christopher A. Kuebler sold 3,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $179.67, for a total transaction of $628,845.00. Following the sale, the director now owns 17,849 shares of the company’s stock, valued at $3,206,929.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Rohit Khanna sold 18,400 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $185.78, for a total transaction of $3,418,352.00. Following the sale, the senior vice president now directly owns 22,477 shares in the company, valued at approximately $4,175,777.06. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

WAT has been the topic of several recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $175.00 target price on shares of Waters Corporation in a research note on Thursday, August 31st. BidaskClub cut shares of Waters Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of Waters Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Bank of America Corporation restated a “neutral” rating and set a $192.00 price objective (up previously from $180.00) on shares of Waters Corporation in a research report on Friday, July 21st. Finally, Morgan Stanley restated an “underweight” rating and set a $183.00 price objective (up previously from $174.00) on shares of Waters Corporation in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Waters Corporation presently has a consensus rating of “Hold” and an average price target of $186.25.

About Waters Corporation

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its stake in Waters Corporation by 0.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 573 shares of the medical instruments supplier’s stock worth $105,000 after purchasing an additional 2 shares in the last quarter. Watermark Asset Management Inc. purchased a new stake in Waters Corporation in the 1st quarter worth approximately $106,000. ETF Managers Group LLC purchased a new stake in Waters Corporation in the 2nd quarter worth approximately $106,000. First Manhattan Co. purchased a new stake in Waters Corporation in the 2nd quarter worth approximately $130,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Waters Corporation in the 2nd quarter worth approximately $160,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Waters Corporation (WAT) Holdings Increased by Cornerstone Capital Management Holdings LLC.” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/waters-corporation-wat-holdings-increased-by-cornerstone-capital-management-holdings-llc.html.

Shares of Waters Corporation (NYSE:WAT) opened at 184.35 on Tuesday. Waters Corporation has a 52-week low of $133.35 and a 52-week high of $190.39. The stock has a market cap of $14.72 billion, a PE ratio of 27.78 and a beta of 0.82. The stock’s 50 day moving average is $183.27 and its 200 day moving average is $176.86.

Waters Corporation (NYSE:WAT) last released its earnings results on Tuesday, July 25th. The medical instruments supplier reported $1.76 EPS for the quarter, topping the consensus estimate of $1.71 by $0.05. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. The firm had revenue of $558.30 million for the quarter, compared to the consensus estimate of $553.22 million. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Waters Corporation will post $7.39 earnings per share for the current year.

In related news, Director Christopher A. Kuebler sold 3,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $179.67, for a total transaction of $628,845.00. Following the sale, the director now owns 17,849 shares of the company’s stock, valued at $3,206,929.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Rohit Khanna sold 18,400 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $185.78, for a total transaction of $3,418,352.00. Following the sale, the senior vice president now directly owns 22,477 shares in the company, valued at approximately $4,175,777.06. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

WAT has been the topic of several recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $175.00 target price on shares of Waters Corporation in a research note on Thursday, August 31st. BidaskClub cut shares of Waters Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of Waters Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Bank of America Corporation restated a “neutral” rating and set a $192.00 price objective (up previously from $180.00) on shares of Waters Corporation in a research report on Friday, July 21st. Finally, Morgan Stanley restated an “underweight” rating and set a $183.00 price objective (up previously from $174.00) on shares of Waters Corporation in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Waters Corporation presently has a consensus rating of “Hold” and an average price target of $186.25.

About Waters Corporation

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans.

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Institutional Ownership by Quarter for Waters Corporation (NYSE:WAT)

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