Municipal Employees Retirement System of MI now owns 2,560 shares of the company's stock worth $406,000 after buying an additional 10 shares during the last quarter. Thrivent Financial for Lutherans owned approximately 0.38% of Waters Corporation worth $41,158,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of WAT. Oppenheimer Asset Management Inc. increased its stake in Waters Corporation by 0.4% in the 2nd quarter. The value of the investment in Waters Corporation went from $1,217,000 to $2,124,000,000 increasing 174,427.5% quarter to quarter. Advisor Group Inc. now owns 956 shares of the company's stock worth $131,000 after buying an additional 9 shares during the last quarter. Municipal Employees Retirement System of MI raised its position in shares of Waters Corporation by 0.4% in the third quarter. Equities analysts predict that Waters Corporation will post $7.38 earnings per share for the current fiscal year. Van ECK Associates Corp now owns 1,129 shares of the medical instruments supplier's stock valued at $176,000 after buying an additional 78 shares during the last quarter. Northwestern Mutual Investment Management Company, LLC added to its investment by buying 2,177 shares an increase of 13.4% in the quarter. Director Christopher A. Kuebler sold 3,500 shares at an average price of $179.67 on Tue the 8th. The shares were sold at an average price of $153.50, for a total transaction of $165,473.00. Following the transaction, the director now directly owns 17,849 shares in the company, valued at $3,206,929.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rohit Khanna sold 1,078 shares of the company's stock in a transaction dated Friday, February 17th. Following the transaction, the senior vice president now owns 22,477 shares of the company's stock, valued at $4,175,777.06. The disclosure for this sale can be found here.
Here is a rundown on some insider market activity for Waters Corporation (NYSE:WAT).
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Waters Corporation (NYSE:WAT) traded up 0.05% during mid-day trading on Wednesday, hitting $154.68. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 24.13 and a beta of 0.83. Waters Corporation has a 52-week low of $120.10 and a 52-week high of $162.53.
Company shares last traded at $189.29 just above $180.64, the 50 day moving average and which is a tad above the 200 day moving average of $173.26.
Waters Corporation (NYSE:WAT) last announced its earnings results on Tuesday, July 25th. The company reported $2.21 EPS for the quarter, beating the Zacks' consensus estimate of $2.13 by $0.08. The business had revenue of $558.30 million for the quarter, compared to analyst estimates of $553.22 million. During the same period in the prior year, the firm earned $1.58 earnings per share. The company's quarterly revenue was up 7.2% compared to the same quarter a year ago. Wells Fargo & Company reiterated an "outperform" rating and set a $205.00 price objective (up previously from $195.00) on shares of Waters Corporation in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Waters Corporation from a "sell" rating to a "hold" rating in a research note on Thursday, January 26th. On July 10 the stock rating was downgraded from "Hold" to "Hold" in a report from Deutsche Bank. Jefferies Group LLC reiterated a "hold" rating and set a $170.00 price objective on shares of Waters Corporation in a research report on Friday, July 14th. Finally, Barclays PLC reiterated a "hold" rating and issued a $148.00 price objective on shares of Waters Corporation in a research note on Monday, January 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock.
On July 26 Morgan Stanley made no change to the stock rating of "Underweight" and raised the price expectation from $92.00 to $183.00.
Waters Corporation, launched on December 6, 1991, is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. The Company 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.