Waters Corporation $WAT Shares Purchased by Smith Group Asset Management LLC

Smith Group Asset Management LLC lifted its position in Waters Corporation (NYSE:WAT) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,548 shares of the medical instruments supplier’s stock after acquiring an additional 1,248 shares during the period. Smith Group Asset Management LLC’s holdings in Waters were worth $22,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in WAT. Olde Wealth Management LLC acquired a new stake in shares of Waters in the first quarter worth approximately $25,000. Zions Bancorporation National Association UT acquired a new position in Waters during the first quarter worth $28,000. IFP Advisors Inc boosted its stake in Waters by 118.9% during the first quarter. IFP Advisors Inc now owns 81 shares of the medical instruments supplier’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Waters during the first quarter worth $41,000. Finally, Steph & Co. acquired a new position in Waters during the second quarter worth $73,000. 94.01% of the stock is owned by institutional investors and hedge funds.

Waters Stock Performance

Shares of Waters stock opened at $355.83 on Friday. Waters Corporation has a 52 week low of $275.05 and a 52 week high of $423.56. The business’s fifty day simple moving average is $310.21 and its 200-day simple moving average is $323.44. The firm has a market cap of $21.18 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 3.24 and a beta of 1.04. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.55.

Waters (NYSE:WAT) last posted its quarterly earnings data on Thursday, May 19th. The medical instruments supplier reported $2.29 earnings per share (EPS) for the quarter. The firm had revenue of $608.55 million for the quarter. Waters had a return on equity of 38.60% and a net margin of 21.71%. Equities analysts forecast that Waters Corporation will post 12.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $315.00 price objective on Waters and gave the stock a “hold” rating in a research note on Tuesday, August 5th. Redburn Partners set a $390.00 price objective on Waters in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on Waters from $330.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 5th. UBS Group reaffirmed a “neutral” rating on shares of Waters in a research note on Tuesday, July 15th. Finally, Robert W. Baird decreased their price target on Waters from $374.00 to $352.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $376.80.

About Waters

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.