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

WAT has been the subject of a number of analyst reports. Mizuho lifted their price objective on shares of Waters Corp. from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, April 27th. Zacks Investment Research cut shares of Waters Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Cantor Fitzgerald lifted their price objective on shares of Waters Corp. from $163.00 to $173.00 and gave the company a “buy” rating in a report on Tuesday, July 26th. Evercore ISI lifted their price objective on shares of Waters Corp. from $140.50 to $154.00 and gave the company a “hold” rating in a report on Tuesday, July 26th. Finally, Jefferies Group lifted their price objective on shares of Waters Corp. from $128.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. Waters Corp. has a consensus rating of “Hold” and a consensus target price of $150.71.

The company has a market cap of $12.73 billion and a price-to-earnings ratio of 26.47. The company has a 50 day moving average of $154.20 and a 200 day moving average of $137.58.

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

In related news, insider Terrence P. Kelly sold 28,600 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $156.74, for a total value of $4,482,764.00. Following the transaction, the insider now owns 12,158 shares of the company’s stock, valued at $1,905,644.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Arthur G. Caputo sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $159.23, for a total transaction of $15,923,000.00. Following the completion of the transaction, the executive vice president now directly owns 186,947 shares in the company, valued at approximately $29,767,570.81. The disclosure for this sale can be found here.

Several institutional investors have bought and sold shares of the company. KBC Group NV increased its position in 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 during the last quarter. I.G. Investment Management LTD. increased its position in Waters Corp. by 6.0% in the fourth quarter. I.G. Investment Management LTD. now owns 37,806 shares of the company’s stock worth $5,088,000 after buying an additional 2,145 shares during the last quarter. Victory Capital Management Inc. increased its position in Waters Corp. by 18.7% in the fourth quarter. Victory Capital Management Inc. now owns 8,019 shares of the company’s stock worth $1,079,000 after buying an additional 1,261 shares during the last quarter. Principal Financial Group Inc. increased its position in Waters Corp. by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 121,101 shares of the company’s stock worth $16,298,000 after buying an additional 2,782 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Waters Corp. by 5.2% in the fourth quarter. Wells Fargo & Company MN now owns 148,568 shares of the company’s stock worth $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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