Waters Corp. (WAT) Shares Sold by BTIM Corp.
BTIM Corp. reduced its position in shares of Waters Corp. (NYSE:WAT) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,019 shares of the company’s stock after selling 4,109 shares during the period. BTIM Corp.’s holdings in Waters Corp. were worth $34,396,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Waters Corp. by 1.3% in the second quarter. Vanguard Group Inc. now owns 7,004,093 shares of the company’s stock valued at $985,126,000 after buying an additional 87,681 shares in the last quarter. FMR LLC raised its stake in Waters Corp. by 16.2% in the second quarter. FMR LLC now owns 2,808,299 shares of the company’s stock valued at $394,988,000 after buying an additional 390,765 shares in the last quarter. Fundsmith LLP raised its stake in Waters Corp. by 66.4% in the second quarter. Fundsmith LLP now owns 2,441,318 shares of the company’s stock valued at $343,371,000 after buying an additional 973,788 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Waters Corp. by 3.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,266,041 shares of the company’s stock valued at $318,719,000 after buying an additional 80,432 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in Waters Corp. by 10.0% in the second quarter. BlackRock Fund Advisors now owns 1,924,066 shares of the company’s stock valued at $270,620,000 after buying an additional 174,816 shares in the last quarter. 90.37% of the stock is currently owned by institutional investors.
Shares of Waters Corp. (NYSE:WAT) traded down 1.32% on Wednesday, reaching $135.81. The company had a trading volume of 60,379 shares. The company has a 50-day moving average price of $144.52 and a 200-day moving average price of $147.82. Waters Corp. has a one year low of $112.00 and a one year high of $162.53. The firm has a market cap of $10.94 billion, a P/E ratio of 22.27 and a beta of 0.95.
Waters Corp. (NYSE:WAT) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.57. Waters Corp. had a return on equity of 24.33% and a net margin of 23.44%. The company earned $527 million during the quarter, compared to the consensus estimate of $330.78 million. During the same quarter last year, the company earned $1.42 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts expect that Waters Corp. will post $6.55 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Waters Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Leerink Swann reissued an “outperform” rating and set a $163.00 price target on shares of Waters Corp. in a research report on Thursday, November 10th. Cantor Fitzgerald reissued a “buy” rating and set a $170.00 price target on shares of Waters Corp. in a research report on Tuesday, October 25th. Finally, Jefferies Group reissued a “hold” rating and set a $145.00 price target (down from $150.00) on shares of Waters Corp. in a research report on Friday, October 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Waters Corp. currently has a consensus rating of “Hold” and a consensus target price of $151.15.
Waters Corp. Company Profile
Waters Corporation is an analytical instrument manufacturer. The Company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company operates through two segments: Waters Division and TA Division.
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