Waters Corp. (NYSE:WAT)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $161.22 and last traded at $160.22, with a volume of 363,516 shares. The stock had previously closed at $158.93.

A number of brokerages recently commented on WAT. Barclays PLC boosted their price objective on shares of Waters Corp. from $130.00 to $157.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Citigroup Inc. boosted their price objective on shares of Waters Corp. from $138.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Jefferies Group boosted their price objective on shares of Waters Corp. from $128.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, July 27th. Mizuho boosted their price objective on shares of Waters Corp. from $130.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Finally, Zacks Investment Research raised shares of Waters Corp. from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $150.71.

The firm has a market cap of $12.70 billion and a P/E ratio of 26.34. The company’s 50 day moving average is $144.61 and its 200-day moving average is $133.48.

Waters Corp. (NYSE:WAT) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. During the same quarter last year, the firm posted $1.32 EPS. The business earned $537 million during the quarter, compared to analyst estimates of $523.23 million. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Waters Corp. will post $6.57 EPS for the current year.

In other Waters Corp. news, SVP David Terricciano sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $161.00, for a total transaction of $3,864,000.00. Following the completion of the transaction, the senior vice president now owns 10,131 shares in the company, valued at approximately $1,631,091. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Elizabeth B. Rae sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $134.96, for a total transaction of $2,699,200.00. Following the transaction, the vice president now owns 14,815 shares of the company’s stock, valued at approximately $1,999,432.40. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Aberdeen Asset Management PLC UK boosted its position in Waters Corp. by 24.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 15,995 shares of the company’s stock valued at $1,970,000 after buying an additional 3,173 shares during the period. GSA Capital Partners LLP boosted its position in Waters Corp. by 90.9% in the fourth quarter. GSA Capital Partners LLP now owns 8,789 shares of the company’s stock valued at $1,183,000 after buying an additional 4,185 shares during the period. Marshall Wace LLP purchased a new position in Waters Corp. during the fourth quarter valued at approximately $7,542,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in Waters Corp. by 4.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 12,295 shares of the company’s stock valued at $1,655,000 after buying an additional 514 shares during the period. Finally, Schroder Investment Management Group boosted its position 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.

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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