Waters Corp. (NYSE:WAT) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $146.48 and last traded at $146.28, with a volume of 234,263 shares trading hands. The stock had previously closed at $142.47.

A number of research firms have issued reports on WAT. Zacks Investment Research upgraded Waters Corp. from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a research note on Tuesday, April 12th. Mizuho boosted their price objective on Waters Corp. from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, April 27th. Bank of America Corp. downgraded Waters Corp. from a “buy” rating to a “neutral” rating and set a $137.00 price objective for the company. in a research note on Tuesday, April 5th. Leerink Swann reiterated a “hold” rating on shares of Waters Corp. in a research note on Tuesday, April 26th. Finally, Morgan Stanley reiterated a “sell” rating on shares of Waters Corp. in a research note on Tuesday, April 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $141.50.

The stock has a market cap of $11.86 billion and a price-to-earnings ratio of 25.91. The stock has a 50 day moving average of $137.47 and a 200 day moving average of $130.71.

Waters Corp. (NYSE:WAT) last posted its earnings results on Tuesday, April 26th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.23 by $0.03. During the same period last year, the business earned $1.21 earnings per share. The company had revenue of $475 million for the quarter, compared to analyst estimates of $471.69 million. The firm’s revenue was up 3.2% on a year-over-year basis. Equities analysts predict that Waters Corp. will post $6.35 earnings per share for the current fiscal year.

In related news, SVP Michael C. Harrington sold 23,200 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $139.08, for a total transaction of $3,226,656.00. Following the sale, the senior vice president now directly owns 19,187 shares of the company’s stock, valued at $2,668,527.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher A. Kuebler sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $129.88, for a total value of $519,520.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at $2,657,474.68. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Waters Corp. by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 6,791,956 shares of the company’s stock valued at $914,061,000 after buying an additional 128,947 shares during the period. Baillie Gifford & Co. raised its stake in Waters Corp. by 5.3% in the fourth quarter. Baillie Gifford & Co. now owns 4,077,861 shares of the company’s stock valued at $548,798,000 after buying an additional 205,464 shares during the period. Systematic Financial Management LP raised its stake in Waters Corp. by 73.5% in the fourth quarter. Systematic Financial Management LP now owns 474,159 shares of the company’s stock valued at $63,812,000 after buying an additional 200,885 shares during the period. Schroder Investment Management Group raised its stake in Waters Corp. by 108.8% in the fourth quarter. Schroder Investment Management Group now owns 465,023 shares of the company’s stock valued at $62,582,000 after buying an additional 242,317 shares during the period. Finally, Winton Capital Group Ltd raised its stake in Waters Corp. by 75.0% in the fourth quarter. Winton Capital Group Ltd now owns 331,108 shares of the company’s stock valued at $44,561,000 after buying an additional 141,937 shares during the period.

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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