New York State Teachers Retirement System decreased its stake in Waters Corporation (NYSE:WAT) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,745 shares of the medical instruments supplier’s stock after selling 1,713 shares during the period. New York State Teachers Retirement System owned about 0.16% of Waters Corporation worth $23,292,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Waters Corporation by 2.8% during the second quarter. Vanguard Group Inc. now owns 7,704,022 shares of the medical instruments supplier’s stock worth $1,416,308,000 after buying an additional 206,262 shares during the period. BlackRock Inc. grew its holdings in Waters Corporation by 3.1% in the second quarter. BlackRock Inc. now owns 5,515,322 shares of the medical instruments supplier’s stock worth $1,013,936,000 after purchasing an additional 165,611 shares during the period. Fundsmith LLP lifted its stake in shares of Waters Corporation by 11.7% in the second quarter. Fundsmith LLP now owns 3,833,955 shares of the medical instruments supplier’s stock valued at $704,834,000 after buying an additional 401,420 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Waters Corporation by 20,670.6% in the second quarter. Janus Henderson Group PLC now owns 1,929,793 shares of the medical instruments supplier’s stock valued at $354,773,000 after buying an additional 1,920,502 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Waters Corporation by 7.4% in the second quarter. FMR LLC now owns 1,165,827 shares of the medical instruments supplier’s stock valued at $214,326,000 after buying an additional 79,824 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.
In related news, SVP Elizabeth B. Rae sold 12,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $197.95, for a total value of $2,375,400.00. Following the completion of the sale, the senior vice president now directly owns 18,129 shares of the company’s stock, valued at approximately $3,588,635.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rohit Khanna sold 18,400 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was 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 $4,175,777.06. The disclosure for this sale can be found here. Insiders have sold a total of 57,313 shares of company stock worth $11,120,642 in the last 90 days. Company insiders own 5.07% of the company’s stock.
A number of research firms have weighed in on WAT. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Waters Corporation in a research note on Tuesday, September 26th. They issued a “hold” rating and a $180.00 price objective on the stock. Barclays PLC lifted their price objective on shares of Waters Corporation from $188.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 25th. Bank of America Corporation lifted their price objective on shares of Waters Corporation from $192.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday. BidaskClub raised shares of Waters Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research upgraded shares of Waters Corporation from a “hold” rating to a “buy” rating and set a $211.00 target price for the company in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Waters Corporation presently has a consensus rating of “Hold” and a consensus target price of $193.62.
Waters Corporation (WAT) opened at $194.64 on Tuesday. The stock has a market cap of $15,366.58, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 2.80 and a beta of 0.83. The company has a current ratio of 6.16, a quick ratio of 5.71 and a debt-to-equity ratio of 0.66. Waters Corporation has a 1 year low of $133.35 and a 1 year high of $199.78.
Waters Corporation (NYSE:WAT) last released its earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.03. Waters Corporation had a net margin of 24.34% and a return on equity of 23.61%. The firm had revenue of $565.58 million for the quarter, compared to the consensus estimate of $555.25 million. During the same period in the prior year, the firm earned $1.57 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. equities research analysts predict that Waters Corporation will post 7.42 earnings per share for the current year.
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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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