Waters Co. (NYSE:WAT) Shares Acquired by Prudential PLC

Prudential PLC lifted its stake in Waters Co. (NYSE:WATFree Report) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,934 shares of the medical instruments supplier’s stock after purchasing an additional 505 shares during the period. Prudential PLC’s holdings in Waters were worth $966,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WAT. GUARDCAP ASSET MANAGEMENT Ltd acquired a new stake in shares of Waters during the 4th quarter valued at approximately $361,839,000. Norges Bank purchased a new stake in Waters during the fourth quarter worth $206,286,000. London Co. of Virginia acquired a new stake in Waters in the third quarter valued at $158,723,000. Nordea Investment Management AB increased its position in shares of Waters by 129.9% in the fourth quarter. Nordea Investment Management AB now owns 973,537 shares of the medical instruments supplier’s stock valued at $322,017,000 after buying an additional 550,112 shares in the last quarter. Finally, Nuance Investments LLC raised its stake in shares of Waters by 356.0% during the 4th quarter. Nuance Investments LLC now owns 419,363 shares of the medical instruments supplier’s stock worth $138,067,000 after buying an additional 327,389 shares during the last quarter. Hedge funds and other institutional investors own 94.01% of the company’s stock.

Insider Activity

In related news, Director Christopher A. Kuebler sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $361.64, for a total value of $1,446,560.00. Following the transaction, the director now owns 14,716 shares in the company, valued at $5,321,894.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Waters news, Director Linda Baddour sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $355.54, for a total value of $177,770.00. Following the completion of the transaction, the director now owns 2,250 shares in the company, valued at approximately $799,965. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher A. Kuebler sold 4,000 shares of Waters stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $361.64, for a total transaction of $1,446,560.00. Following the sale, the director now owns 14,716 shares in the company, valued at approximately $5,321,894.24. The disclosure for this sale can be found here. Corporate insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WAT shares. Robert W. Baird lowered their price objective on shares of Waters from $319.00 to $312.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Jefferies Financial Group assumed coverage on shares of Waters in a research note on Monday, June 3rd. They set a “hold” rating and a $320.00 price objective for the company. Evercore ISI upped their target price on Waters from $320.00 to $340.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Stifel Nicolaus raised their price target on Waters from $330.00 to $332.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Finally, Barclays cut their price target on Waters from $300.00 to $295.00 and set an “underweight” rating for the company in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Based on data from MarketBeat, Waters has a consensus rating of “Hold” and an average price target of $307.20.

Check Out Our Latest Report on Waters

Waters Stock Performance

Shares of WAT stock opened at $301.47 on Tuesday. The firm has a market capitalization of $17.88 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 4.81 and a beta of 0.97. The company has a 50 day moving average price of $326.71 and a 200 day moving average price of $323.52. Waters Co. has a one year low of $231.90 and a one year high of $367.21. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.30 and a current ratio of 1.94.

Waters (NYSE:WATGet Free Report) last issued its earnings results on Tuesday, May 7th. The medical instruments supplier reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.11. Waters had a return on equity of 66.59% and a net margin of 20.75%. The business had revenue of $636.80 million for the quarter, compared to analyst estimates of $635.57 million. During the same period last year, the company posted $2.49 EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis. Sell-side analysts anticipate that Waters Co. will post 11.85 EPS for the current year.

Waters Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Waters (NYSE:WAT)

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