State Street Corp boosted its position in Waters Co. (NYSE:WAT - Free Report) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,577,733 shares of the medical instruments supplier's stock after purchasing an additional 49,194 shares during the period. State Street Corp owned about 4.34% of Waters worth $927,700,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Waters by 70.7% in the third quarter. Principal Financial Group Inc. now owns 656,019 shares of the medical instruments supplier's stock valued at $236,095,000 after buying an additional 271,804 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Waters by 34.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 393,890 shares of the medical instruments supplier's stock valued at $141,757,000 after acquiring an additional 100,811 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Waters by 21.0% during the second quarter. Dimensional Fund Advisors LP now owns 448,304 shares of the medical instruments supplier's stock worth $130,053,000 after acquiring an additional 77,951 shares during the last quarter. Applied Finance Capital Management LLC lifted its holdings in shares of Waters by 3,627.0% in the third quarter. Applied Finance Capital Management LLC now owns 68,987 shares of the medical instruments supplier's stock valued at $24,828,000 after purchasing an additional 67,136 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in shares of Waters by 71.9% in the third quarter. Natixis Advisors LLC now owns 140,992 shares of the medical instruments supplier's stock valued at $50,742,000 after purchasing an additional 58,983 shares during the last quarter. 94.01% of the stock is owned by institutional investors and hedge funds.
Waters Trading Up 0.7 %
Waters stock traded up $2.72 during midday trading on Friday, reaching $384.05. The stock had a trading volume of 416,765 shares, compared to its average volume of 516,805. The stock's 50-day simple moving average is $363.07 and its 200 day simple moving average is $334.44. Waters Co. has a twelve month low of $279.24 and a twelve month high of $395.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.38 and a current ratio of 2.02. The stock has a market capitalization of $22.80 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 7.03 and a beta of 1.01.
Waters (NYSE:WAT - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The medical instruments supplier reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.25. The business had revenue of $740.30 million for the quarter, compared to analyst estimates of $712.99 million. Waters had a return on equity of 49.93% and a net margin of 21.43%. The company's revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.84 EPS. Analysts expect that Waters Co. will post 11.79 EPS for the current year.
Analyst Ratings Changes
WAT has been the subject of several research reports. Stifel Nicolaus lifted their price objective on Waters from $332.00 to $360.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Wells Fargo & Company upped their price objective on Waters from $380.00 to $415.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Barclays lifted their price objective on Waters from $330.00 to $360.00 and gave the stock an "underweight" rating in a research report on Monday, November 4th. Jefferies Financial Group upgraded shares of Waters from a "hold" rating to a "buy" rating and upped their target price for the company from $355.00 to $415.00 in a report on Tuesday, October 8th. Finally, TD Cowen lifted their price target on shares of Waters from $363.00 to $410.00 and gave the stock a "hold" rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $365.85.
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About Waters
(
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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