Thrivent Financial For Lutherans Buys 2,340 Shares of Waters Corporation (WAT)

Thrivent Financial For Lutherans grew its stake in shares of Waters Corporation (NYSE:WAT) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 299,000 shares of the medical instruments supplier’s stock after purchasing an additional 2,340 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.37% of Waters Corporation worth $54,969,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its holdings in shares of Waters Corporation by 0.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 573 shares of the medical instruments supplier’s stock valued at $105,000 after purchasing an additional 2 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Waters Corporation by 0.4% during the second quarter. Diversified Trust Co now owns 1,285 shares of the medical instruments supplier’s stock valued at $236,000 after purchasing an additional 5 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Waters Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 3,062 shares of the medical instruments supplier’s stock valued at $563,000 after purchasing an additional 8 shares during the last quarter. Cleararc Capital Inc. grew its holdings in shares of Waters Corporation by 0.6% during the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the medical instruments supplier’s stock valued at $305,000 after purchasing an additional 11 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its holdings in shares of Waters Corporation by 0.8% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 1,528 shares of the medical instruments supplier’s stock valued at $281,000 after purchasing an additional 12 shares during the last quarter. 91.12% of the stock is owned by institutional investors.

In related news, Director Christopher A. Kuebler sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $179.67, for a total value of $628,845.00. Following the completion of the sale, the director now owns 17,849 shares of the company’s stock, valued at $3,206,929.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Rohit Khanna sold 18,400 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 22,477 shares of the company’s stock, valued at approximately $4,175,777.06. The disclosure for this sale can be found here. Company insiders own 5.07% of the company’s stock.

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Shares of Waters Corporation (WAT) traded down 0.84% during trading on Friday, reaching $187.73. The company had a trading volume of 527,206 shares. The company has a market cap of $14.99 billion, a P/E ratio of 28.29 and a beta of 0.83. Waters Corporation has a 12-month low of $133.35 and a 12-month high of $190.39. The firm has a 50-day moving average of $181.05 and a 200-day moving average of $173.48.

Waters Corporation (NYSE:WAT) last posted its quarterly earnings data on Tuesday, July 25th. The medical instruments supplier reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.05. The company had revenue of $558.30 million during the quarter, compared to analyst estimates of $553.22 million. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $1.58 earnings per share. On average, equities research analysts anticipate that Waters Corporation will post $7.38 EPS for the current year.

Several equities analysts have recently commented on the company. Bank of America Corporation reaffirmed a “neutral” rating and set a $192.00 target price (up from $180.00) on shares of Waters Corporation in a report on Friday, July 21st. Deutsche Bank AG lowered Waters Corporation from a “buy” rating to a “hold” rating and upped their target price for the company from $183.00 to $194.00 in a report on Monday, July 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $175.00 target price on shares of Waters Corporation in a report on Thursday, August 31st. Cowen and Company reaffirmed a “hold” rating and set a $190.00 target price on shares of Waters Corporation in a report on Friday, July 14th. Finally, Zacks Investment Research lowered Waters Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $186.00.

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.

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

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