Stock analysts at Leerink Swann started coverage on shares of Waters Corp. (NYSE:WAT) in a research note issued to investors on Thursday. The firm set an “outperform” rating and a $163.00 price target on the stock. Leerink Swann’s price target would suggest a potential upside of 14.48% from the company’s current price.

Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Waters Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Cantor Fitzgerald restated a “buy” rating and set a $170.00 target price on shares of Waters Corp. in a report on Tuesday, October 25th. Evercore ISI boosted their target price on shares of Waters Corp. from $140.50 to $154.00 and gave the stock a “hold” rating in a report on Tuesday, July 26th. Jefferies Group boosted their target price on shares of Waters Corp. from $128.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, July 27th. Finally, Mizuho boosted their target price on shares of Waters Corp. from $130.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. Waters Corp. currently has an average rating of “Hold” and a consensus target price of $151.15.

Analyst Recommendations for Waters Corp. (NYSE:WAT)

Shares of Waters Corp. (NYSE:WAT) traded up 0.79% during mid-day trading on Thursday, reaching $143.50. 74,066 shares of the company’s stock were exchanged. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 23.53 and a beta of 0.95. The stock’s 50-day moving average is $151.21 and its 200-day moving average is $147.10. Waters Corp. has a 52-week low of $112.00 and a 52-week high of $162.53.

Waters Corp. (NYSE:WAT) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.57. The business had revenue of $527 million for the quarter, compared to analyst estimates of $330.78 million. Waters Corp. had a net margin of 23.44% and a return on equity of 24.33%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 earnings per share. On average, equities analysts expect that Waters Corp. will post $6.55 EPS for the current year.

In other news, EVP Arthur G. Caputo sold 104,785 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $158.54, for a total value of $16,612,613.90. Following the completion of the transaction, the executive vice president now owns 191,732 shares of the company’s stock, valued at $30,397,191.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur G. Caputo sold 5,215 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $158.54, for a total transaction of $826,786.10. Following the completion of the transaction, the executive vice president now directly owns 92,162 shares of the company’s stock, valued at approximately $14,611,363.48. The disclosure for this sale can be found here. Corporate insiders own 5.45% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of WAT. Ownership Capital B.V. boosted its position in Waters Corp. by 19.4% in the second quarter. Ownership Capital B.V. now owns 439,170 shares of the company’s stock worth $61,769,000 after buying an additional 71,202 shares during the period. Geode Capital Management LLC boosted its position in Waters Corp. by 5.1% in the first quarter. Geode Capital Management LLC now owns 688,774 shares of the company’s stock worth $90,688,000 after buying an additional 33,317 shares during the period. UMB Bank N A MO bought a new position in Waters Corp. during the second quarter worth approximately $1,917,000. Artemis Investment Management LLP boosted its position in Waters Corp. by 77.0% in the second quarter. Artemis Investment Management LLP now owns 158,041 shares of the company’s stock worth $22,229,000 after buying an additional 68,767 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Waters Corp. by 2.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 228,260 shares of the company’s stock worth $32,105,000 after buying an additional 5,142 shares during the period. 92.49% of the stock is owned by hedge funds and other institutional investors.

Waters Corp. Company Profile

Waters Corporation is an analytical instrument manufacturer. The Company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company operates through two segments: Waters Division and TA Division.

5 Day Chart for NYSE:WAT

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