Investec Asset Management LTD bought a new stake in shares of Waters Corporation (NYSE:WAT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,515 shares of the medical instruments supplier’s stock, valued at approximately $6,529,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aviva PLC grew its stake in Waters Corporation by 0.9% during the second quarter. Aviva PLC now owns 47,903 shares of the medical instruments supplier’s stock valued at $8,806,000 after acquiring an additional 420 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Waters Corporation by 42.7% during the first quarter. TIAA CREF Investment Management LLC now owns 375,413 shares of the medical instruments supplier’s stock valued at $58,681,000 after acquiring an additional 112,335 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in Waters Corporation during the second quarter valued at $3,230,000. Ridgewood Investments LLC purchased a new position in Waters Corporation during the second quarter valued at $202,000. Finally, State Street Corp grew its stake in Waters Corporation by 1.7% during the first quarter. State Street Corp now owns 3,446,000 shares of the medical instruments supplier’s stock valued at $538,641,000 after acquiring an additional 58,746 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Waters Corporation (WAT) opened at 185.37 on Wednesday. The firm’s 50-day moving average is $181.80 and its 200 day moving average is $174.21. Waters Corporation has a 52-week low of $133.35 and a 52-week high of $190.39. The company has a market cap of $14.80 billion, a price-to-earnings ratio of 27.94 and a beta of 0.83.

Waters Corporation (NYSE:WAT) last released its earnings results on Tuesday, July 25th. The medical instruments supplier reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.05. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. The business had revenue of $558.30 million during the quarter, compared to analyst estimates of $553.22 million. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Waters Corporation will post $7.38 EPS for the current fiscal year.

In other news, SVP Rohit Khanna sold 18,400 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $185.78, for a total transaction of $3,418,352.00. Following the completion of the sale, the senior vice president now owns 22,477 shares of the company’s stock, valued at $4,175,777.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher A. Kuebler sold 3,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $179.67, for a total transaction of $628,845.00. Following the sale, the director now directly owns 17,849 shares of the company’s stock, valued at approximately $3,206,929.83. The disclosure for this sale can be found here. 5.07% of the stock is owned by corporate insiders.

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Several equities analysts recently weighed in on the stock. Bank of America Corporation reaffirmed a “neutral” rating and set a $192.00 target price (up from $180.00) on shares of Waters Corporation in a research note on Friday, July 21st. Deutsche Bank AG cut shares of Waters Corporation from a “buy” rating to a “hold” rating and raised their target price for the company from $183.00 to $194.00 in a research note on Monday, July 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $175.00 target price on shares of Waters Corporation in a research note on Thursday, August 31st. Cowen and Company reaffirmed a “hold” rating and set a $190.00 target price on shares of Waters Corporation in a research note on Friday, July 14th. Finally, Zacks Investment Research cut shares of Waters Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $186.00.

Waters Corporation Profile

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans.

Institutional Ownership by Quarter for Waters Corporation (NYSE:WAT)

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