HL Financial Services LLC reduced its stake in Waters Corp. (NYSE:WAT) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,094 shares of the company’s stock after selling 1,000 shares during the period. HL Financial Services LLC’s holdings in Waters Corp. were worth $6,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Waters Corp. by 5.1% in the first quarter. Geode Capital Management LLC now owns 688,774 shares of the company’s stock valued at $90,688,000 after buying an additional 33,317 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Waters Corp. by 2.6% in the first quarter. UBS Asset Management Americas Inc. now owns 214,423 shares of the company’s stock valued at $28,288,000 after buying an additional 5,460 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in Waters Corp. during the first quarter valued at approximately $2,907,000. AXA raised its position in Waters Corp. by 27.0% in the first quarter. AXA now owns 48,400 shares of the company’s stock valued at $6,385,000 after buying an additional 10,300 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its position in Waters Corp. by 8.1% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 19,783 shares of the company’s stock valued at $2,610,000 after buying an additional 1,479 shares in the last quarter. Institutional investors own 92.40% of the company’s stock.

Waters Corp. (NYSE:WAT) traded up 0.27% during mid-day trading on Tuesday, reaching $155.09. The company’s stock had a trading volume of 261,763 shares. Waters Corp. has a 1-year low of $112.00 and a 1-year high of $162.53. The stock’s 50 day moving average price is $157.25 and its 200 day moving average price is $142.26. The stock has a market capitalization of $12.50 billion, a P/E ratio of 25.99 and a beta of 0.83.

Waters Corp. (NYSE:WAT) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.13. Waters Corp. had a net margin of 23.33% and a return on equity of 24.69%. The company earned $537 million during the quarter, compared to analysts’ expectations of $523.23 million. During the same period in the previous year, the company earned $1.32 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Waters Corp. will post $6.57 EPS for the current fiscal year.

Several research analysts have recently commented on WAT shares. Zacks Investment Research upgraded Waters Corp. from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research report on Wednesday, June 29th. Cantor Fitzgerald raised their price target on Waters Corp. from $163.00 to $173.00 and gave the stock a “buy” rating in a research report on Tuesday, July 26th. Evercore ISI raised their price target on Waters Corp. from $140.50 to $154.00 and gave the stock a “hold” rating in a research report on Tuesday, July 26th. Mizuho raised their price target on Waters Corp. from $130.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, Jefferies Group raised their price target on Waters Corp. from $128.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $149.77.

In other news, SVP Rohit Khanna sold 192 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $157.45, for a total transaction of $30,230.40. Following the completion of the sale, the senior vice president now directly owns 6,114 shares of the company’s stock, valued at approximately $962,649.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur G. Caputo sold 100,000 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $159.23, for a total transaction of $15,923,000.00. Following the sale, the executive vice president now directly owns 186,947 shares of the company’s stock, valued at $29,767,570.81. The disclosure for this sale can be found here. Insiders own 5.45% of the company’s stock.

About Waters Corp.

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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