871 Shares in Waters Corporation (WAT) Purchased by Edmond DE Rothschild Holding S.A.
Edmond DE Rothschild Holding S.A. bought a new position in shares of Waters Corporation (NYSE:WAT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 871 shares of the medical instruments supplier’s stock, valued at approximately $160,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. raised its stake in Waters Corporation by 0.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 573 shares of the medical instruments supplier’s stock worth $105,000 after buying an additional 2 shares during the last quarter. Diversified Trust Co increased its stake in Waters Corporation by 0.4% in the second quarter. Diversified Trust Co now owns 1,285 shares of the medical instruments supplier’s stock valued at $236,000 after purchasing an additional 5 shares in the last quarter. Alps Advisors Inc. increased its stake in Waters Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,062 shares of the medical instruments supplier’s stock valued at $563,000 after purchasing an additional 8 shares in the last quarter. Cleararc Capital Inc. increased its stake in Waters Corporation by 0.6% in the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the medical instruments supplier’s stock valued at $305,000 after purchasing an additional 11 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. increased its stake in Waters Corporation by 0.8% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 1,528 shares of the medical instruments supplier’s stock valued at $281,000 after purchasing an additional 12 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.
In related news, Director Christopher A. Kuebler sold 3,500 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $179.67, for a total value of $628,845.00. Following the completion of the transaction, the director now directly owns 17,849 shares in the company, valued at approximately $3,206,929.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Rohit Khanna sold 18,400 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $185.78, for a total transaction of $3,418,352.00. Following the completion of the transaction, the senior vice president now owns 22,477 shares of the company’s stock, valued at $4,175,777.06. The disclosure for this sale can be found here. 5.07% of the stock is owned by company insiders.
Shares of Waters Corporation (WAT) opened at 183.86 on Thursday. Waters Corporation has a 52-week low of $133.35 and a 52-week high of $190.39. The stock’s 50 day moving average is $181.80 and its 200 day moving average is $174.21. The company has a market capitalization of $14.68 billion, a P/E ratio of 27.71 and a beta of 0.83.
Waters Corporation (NYSE:WAT) last posted its earnings results on Tuesday, July 25th. The medical instruments supplier reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.05. The firm had revenue of $558.30 million during the quarter, compared to analysts’ expectations of $553.22 million. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.58 EPS. Equities analysts expect that Waters Corporation will post $7.38 EPS for the current year.
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Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Waters Corporation from a “hold” rating to a “buy” rating and set a $202.00 price target for the company in a research note on Thursday, July 13th. BidaskClub raised shares of Waters Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $175.00 price target on shares of Waters Corporation in a research note on Thursday, July 27th. Morgan Stanley reaffirmed an “underweight” rating and issued a $183.00 price target (up from $174.00) on shares of Waters Corporation in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG downgraded shares of Waters Corporation from a “buy” rating to a “hold” rating and lifted their price target for the company from $183.00 to $194.00 in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $186.00.
Waters Corporation Company 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.
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