Davidson Investment Advisors lowered its position in Waters Co. (NYSE:WAT) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,976 shares of the medical instruments supplier’s stock after selling 605 shares during the quarter. Davidson Investment Advisors’ holdings in Waters were worth $7,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its stake in shares of Waters by 22.3% in the fourth quarter. Sei Investments Co. now owns 59,874 shares of the medical instruments supplier’s stock valued at $11,566,000 after buying an additional 10,920 shares during the period. New Mexico Educational Retirement Board increased its stake in shares of Waters by 4.1% in the fourth quarter. New Mexico Educational Retirement Board now owns 7,690 shares of the medical instruments supplier’s stock valued at $1,486,000 after buying an additional 300 shares during the period. Nuance Investments LLC increased its stake in shares of Waters by 266.6% in the fourth quarter. Nuance Investments LLC now owns 68,588 shares of the medical instruments supplier’s stock valued at $13,251,000 after buying an additional 49,878 shares during the period. Sentry Investment Management LLC increased its stake in shares of Waters by 11.7% in the fourth quarter. Sentry Investment Management LLC now owns 6,128 shares of the medical instruments supplier’s stock valued at $1,184,000 after buying an additional 641 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of Waters by 7.0% in the fourth quarter. LS Investment Advisors LLC now owns 3,962 shares of the medical instruments supplier’s stock valued at $765,000 after buying an additional 259 shares during the period. 91.58% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on WAT shares. Zacks Investment Research raised Waters from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a research note on Monday, October 23rd. Robert W. Baird upped their price objective on Waters from $196.00 to $199.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Deutsche Bank increased their target price on shares of Waters from $199.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Barclays increased their target price on shares of Waters from $188.00 to $193.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 25th. Finally, Citigroup reissued a “neutral” rating and set a $180.00 target price on shares of Waters in a research report on Wednesday, October 25th. Twelve equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $203.75.
In other Waters news, Director William J. Miller sold 3,500 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $194.94, for a total transaction of $682,290.00. Following the transaction, the director now directly owns 25,849 shares in the company, valued at approximately $5,039,004.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Elizabeth B. Rae sold 28,400 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $219.01, for a total value of $6,219,884.00. Following the transaction, the senior vice president now owns 13,443 shares in the company, valued at $2,944,151.43. The disclosure for this sale can be found here. Insiders have sold a total of 124,789 shares of company stock worth $26,083,647 over the last 90 days. Company insiders own 5.07% of the company’s stock.
Shares of Waters Co. (NYSE WAT) opened at $200.20 on Wednesday. The firm has a market cap of $15,783.33, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 2.38 and a beta of 0.88. The company has a current ratio of 2.10, a quick ratio of 1.97 and a debt-to-equity ratio of 0.66. Waters Co. has a 52-week low of $148.72 and a 52-week high of $220.20.
Waters (NYSE:WAT) last posted its quarterly earnings results on Tuesday, January 23rd. The medical instruments supplier reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.07. The firm had revenue of $687.28 million for the quarter, compared to analysts’ expectations of $671.98 million. Waters had a return on equity of 24.70% and a net margin of 0.88%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.21 EPS. equities research analysts forecast that Waters Co. will post 8.16 earnings per share for the current fiscal 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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