Waters Corporation (NYSE:WAT) SVP Rohit Khanna sold 18,400 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 22,477 shares of the company’s stock, valued at $4,175,777.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Waters Corporation (NYSE:WAT) traded up 1.37% on Monday, reaching $189.11. 487,746 shares of the company’s stock traded hands. The company’s 50 day moving average is $179.32 and its 200-day moving average is $172.53. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 28.50 and a beta of 0.83. Waters Corporation has a 52-week low of $133.35 and a 52-week high of $189.14.
Waters Corporation (NYSE:WAT) last posted its quarterly earnings data on Tuesday, July 25th. The medical instruments supplier reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.05. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. The firm had revenue of $558.30 million for the quarter, compared to the consensus estimate of $553.22 million. During the same quarter in the prior year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts expect that Waters Corporation will post $7.38 EPS for the current year.
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Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased 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 acquiring an additional 2 shares in the last quarter. Watermark Asset Management Inc. acquired a new position in shares of Waters Corporation during the first quarter valued at about $106,000. ETF Managers Group LLC acquired a new position in shares of Waters Corporation during the second quarter valued at about $106,000. Intellectus Partners LLC increased its holdings in shares of Waters Corporation by 4.9% during the second quarter. Intellectus Partners LLC now owns 667 shares of the medical instruments supplier’s stock valued at $123,000 after acquiring an additional 31 shares in the last quarter. Finally, First Manhattan Co. acquired a new position in shares of Waters Corporation during the second quarter valued at about $130,000. Hedge funds and other institutional investors own 91.12% of the company’s stock.
A number of research firms have issued reports on WAT. BidaskClub upgraded Waters Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Wells Fargo & Company restated an “outperform” rating and set a $205.00 price objective (up from $195.00) on shares of Waters Corporation in a research note on Thursday, July 13th. Zacks Investment Research upgraded shares of Waters Corporation from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a research note on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and set a $175.00 price objective on shares of Waters Corporation in a research note on Thursday, August 31st. Finally, Cowen and Company reiterated a “hold” rating and issued a $190.00 target price on shares of Waters Corporation in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Waters Corporation has an average rating of “Hold” and an average target price of $186.00.
Waters Corporation Company Profile
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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