Cornerstone Capital Management Holdings LLC. lowered its stake in Waters Corporation (NYSE:WAT) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,344 shares of the medical instruments supplier’s stock after selling 718 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.06% of Waters worth $8,498,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Waters by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,704,022 shares of the medical instruments supplier’s stock valued at $1,416,308,000 after acquiring an additional 206,262 shares during the last quarter. BlackRock Inc. lifted its holdings in Waters by 3.1% in the 2nd quarter. BlackRock Inc. now owns 5,515,322 shares of the medical instruments supplier’s stock valued at $1,013,936,000 after acquiring an additional 165,611 shares during the last quarter. Fundsmith LLP raised its holdings in Waters by 11.7% during the 2nd quarter. Fundsmith LLP now owns 3,833,955 shares of the medical instruments supplier’s stock worth $704,834,000 after buying an additional 401,420 shares during the period. Harding Loevner LP raised its holdings in Waters by 207.1% during the 3rd quarter. Harding Loevner LP now owns 2,768,174 shares of the medical instruments supplier’s stock worth $158,275,000 after buying an additional 1,866,848 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Waters by 20,670.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,929,793 shares of the medical instruments supplier’s stock worth $354,773,000 after buying an additional 1,920,502 shares during the period. 92.29% of the stock is owned by institutional investors and hedge funds.
In related news, Director Thomas P. Salice sold 3,500 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $200.03, for a total value of $700,105.00. Following the transaction, the director now owns 20,349 shares in the company, valued at $4,070,410.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Elizabeth B. Rae sold 12,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $197.95, for a total value of $2,375,400.00. Following the completion of the transaction, the senior vice president now owns 18,129 shares in the company, valued at approximately $3,588,635.55. The disclosure for this sale can be found here. Insiders sold 45,913 shares of company stock worth $9,084,685 in the last 90 days. 5.07% of the stock is currently owned by corporate insiders.
Several analysts have issued reports on WAT shares. Deutsche Bank boosted their price objective on Waters from $199.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Bank of America boosted their price objective on Waters from $192.00 to $202.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Zacks Investment Research upgraded Waters from a “hold” rating to a “buy” rating and set a $211.00 price objective on the stock in a report on Monday, October 23rd. Barclays boosted their price objective on Waters from $188.00 to $193.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 25th. Finally, Cowen restated a “hold” rating and set a $190.00 price objective on shares of Waters in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $193.62.
Shares of Waters Corporation (WAT) traded down $0.26 on Wednesday, hitting $197.50. The stock had a trading volume of 429,800 shares, compared to its average volume of 513,713. The firm has a market cap of $15,728.45, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 2.87 and a beta of 0.82. Waters Corporation has a one year low of $133.71 and a one year high of $201.95. The company has a quick ratio of 5.71, a current ratio of 6.16 and a debt-to-equity ratio of 0.66.
Waters (NYSE:WAT) last issued its earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.03. The company had revenue of $565.58 million for the quarter, compared to the consensus estimate of $555.25 million. Waters had a return on equity of 23.61% and a net margin of 24.34%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. equities analysts predict that Waters Corporation will post 7.42 earnings per share for the current year.
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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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