2,295 Shares in Waters Corporation $WAT Purchased by Great Diamond Partners LLC

Great Diamond Partners LLC bought a new stake in Waters Corporation (NYSE:WAT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,295 shares of the medical instruments supplier’s stock, valued at approximately $801,000.

A number of other large investors also recently modified their holdings of the business. Swedbank AB raised its stake in shares of Waters by 25.8% in the second quarter. Swedbank AB now owns 40,526 shares of the medical instruments supplier’s stock valued at $14,145,000 after purchasing an additional 8,305 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Waters by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 530,697 shares of the medical instruments supplier’s stock worth $195,599,000 after buying an additional 28,018 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Waters by 12.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,021 shares of the medical instruments supplier’s stock valued at $2,800,000 after buying an additional 896 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Waters in the 1st quarter valued at $1,244,000. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Waters by 7.0% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 22,933 shares of the medical instruments supplier’s stock worth $8,005,000 after acquiring an additional 1,500 shares during the period. 94.01% of the stock is currently owned by institutional investors and hedge funds.

Waters Stock Performance

NYSE:WAT opened at $396.14 on Friday. The stock has a market capitalization of $23.58 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 3.62 and a beta of 1.16. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. Waters Corporation has a 1 year low of $275.05 and a 1 year high of $423.56. The firm has a 50 day moving average of $358.41 and a 200-day moving average of $332.09.

Waters (NYSE:WAT) last released its quarterly earnings results on Thursday, May 19th. The medical instruments supplier reported $2.29 earnings per share for the quarter. Waters had a return on equity of 36.59% and a net margin of 20.89%.The firm had revenue of $608.55 million during the quarter. As a group, sell-side analysts anticipate that Waters Corporation will post 12.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Waters from $345.00 to $390.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Rothschild & Co Redburn initiated coverage on Waters in a report on Wednesday, October 8th. They set a “buy” rating and a $390.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Waters in a report on Wednesday, October 8th. Rothschild Redb raised Waters to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, Cowen reiterated a “hold” rating on shares of Waters in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Waters has a consensus rating of “Moderate Buy” and a consensus price target of $384.33.

About Waters

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.