Franklin Resources Inc. Has $173.06 Million Holdings in Waters Co. (WAT)

Franklin Resources Inc. decreased its stake in Waters Co. (NYSE:WAT) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 895,793 shares of the medical instruments supplier’s stock after selling 31,386 shares during the period. Franklin Resources Inc.’s holdings in Waters were worth $173,059,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Advisor Partners LLC grew its stake in shares of Waters by 11.6% in the fourth quarter. Advisor Partners LLC now owns 2,372 shares of the medical instruments supplier’s stock worth $500,000 after acquiring an additional 246 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Waters by 0.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 46,545 shares of the medical instruments supplier’s stock worth $8,992,000 after acquiring an additional 253 shares during the last quarter. LS Investment Advisors LLC grew 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 worth $765,000 after acquiring an additional 259 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Waters by 16.2% in the fourth quarter. OppenheimerFunds Inc. now owns 1,860 shares of the medical instruments supplier’s stock worth $359,000 after acquiring an additional 259 shares during the last quarter. Finally, Chilton Investment Co. LLC grew its stake in shares of Waters by 6.1% in the fourth quarter. Chilton Investment Co. LLC now owns 4,700 shares of the medical instruments supplier’s stock worth $908,000 after acquiring an additional 269 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

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WAT has been the topic of several research analyst reports. BTIG Research initiated coverage on shares of Waters in a research note on Friday, January 5th. They issued a “buy” rating and a $230.00 price objective on the stock. Morgan Stanley upgraded shares of Waters from an “underweight” rating to an “equal weight” rating and set a $192.00 price objective on the stock in a research note on Monday, December 4th. Zacks Investment Research upgraded shares of Waters from a “hold” rating to a “buy” rating and set a $217.00 price objective on the stock in a research note on Tuesday, December 26th. Evercore ISI initiated coverage on shares of Waters in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $198.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Waters from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Thirteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $203.75.

In other Waters news, SVP Terrence P. Kelly sold 1,312 shares of Waters stock in a transaction on Friday, March 9th. The stock was sold at an average price of $212.52, for a total transaction of $278,826.24. Following the completion of the transaction, the senior vice president now directly owns 5,130 shares of the company’s stock, valued at $1,090,227.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Terricciano sold 21,997 shares of Waters stock in a transaction on Friday, December 15th. The shares were sold at an average price of $197.52, for a total value of $4,344,847.44. Following the transaction, the senior vice president now directly owns 9,173 shares of the company’s stock, valued at $1,811,850.96. The disclosure for this sale can be found here. Insiders have sold 121,040 shares of company stock worth $25,385,025 in the last quarter. Corporate insiders own 5.07% of the company’s stock.

Shares of Waters Co. (WAT) opened at $212.87 on Tuesday. Waters Co. has a 52 week low of $153.04 and a 52 week high of $220.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 6.60 and a current ratio of 7.04. The firm has a market cap of $16,757.46, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 2.55 and a beta of 0.91.

Waters (NYSE:WAT) last posted its quarterly earnings results on Tuesday, January 23rd. The medical instruments supplier reported $2.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.07. Waters had a net margin of 0.88% and a return on equity of 24.70%. The firm had revenue of $687.28 million for the quarter, compared to the consensus estimate of $671.98 million. During the same quarter in the previous year, the company earned $2.21 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. equities analysts forecast that Waters Co. will post 8.16 EPS for the current fiscal year.

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About Waters

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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Institutional Ownership by Quarter for Waters (NYSE:WAT)

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