Shares of Waters Corp. (NYSE:WAT) reached a new 52-week high on Tuesday . The stock traded as high as $162.53 and last traded at $162.02, with a volume of 223,658 shares trading hands. The stock had previously closed at $160.78.

WAT has been the subject of a number of recent research reports. Mizuho boosted their target price on shares of Waters Corp. from $130.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Jefferies Group boosted their price target on Waters Corp. from $128.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, July 27th. Barclays PLC boosted their price target on 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. upped their target price on Waters Corp. from $138.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Finally, Zacks Investment Research upgraded Waters Corp. from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $150.71.

The stock’s 50 day moving average price is $153.52 and its 200-day moving average price is $137.09. The company has a market cap of $13.06 billion and a P/E ratio of 27.16.

Waters Corp. (NYSE:WAT) last released its earnings results on Tuesday, July 26th. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.13. The business earned $537 million during the quarter, compared to analyst estimates of $523.23 million. During the same quarter in the previous year, the company posted $1.32 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Waters Corp. will post $6.57 earnings per share for the current fiscal year.

In related news, SVP Michael C. Harrington sold 23,200 shares of the stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $139.08, for a total value of $3,226,656.00. Following the completion of the transaction, the senior vice president now owns 19,187 shares of the company’s stock, valued at $2,668,527.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Terricciano sold 24,000 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $161.00, for a total value of $3,864,000.00. Following the completion of the transaction, the senior vice president now directly owns 10,131 shares of the company’s stock, valued at approximately $1,631,091. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of the stock. KBC Group NV increased its position in shares of Waters Corp. by 120.1% in the fourth quarter. KBC Group NV now owns 12,994 shares of the company’s stock worth $1,748,000 after buying an additional 7,089 shares in the last quarter. I.G. Investment Management LTD. boosted its stake in shares of Waters Corp. by 6.0% in the fourth quarter. I.G. Investment Management LTD. now owns 37,806 shares of the company’s stock valued at $5,088,000 after buying an additional 2,145 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Waters Corp. by 18.7% in the fourth quarter. Victory Capital Management Inc. now owns 8,019 shares of the company’s stock valued at $1,079,000 after buying an additional 1,261 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Waters Corp. by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 121,101 shares of the company’s stock valued at $16,298,000 after buying an additional 2,782 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Waters Corp. by 5.2% in the fourth quarter. Wells Fargo & Company MN now owns 148,568 shares of the company’s stock valued at $19,995,000 after buying an additional 7,298 shares during the last quarter.

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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