Waters Corp. (WAT) Position Decreased by Harding Loevner LP
Harding Loevner LP cut its stake in shares of Waters Corp. (NYSE:WAT) by 0.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 982,518 shares of the company’s stock after selling 1 shares during the period. Harding Loevner LP owned approximately 1.22% of Waters Corp. worth $155,719,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Ownership Capital B.V. increased 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 valued at $61,769,000 after buying an additional 71,202 shares during the last quarter. UMB Bank N A MO purchased a new position in Waters Corp. during the second quarter valued at approximately $1,917,000. Artemis Investment Management LLP increased 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 valued at $22,229,000 after buying an additional 68,767 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased 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 valued at $32,105,000 after buying an additional 5,142 shares during the last quarter. Finally, Calvert Investment Management Inc. increased its position in Waters Corp. by 0.9% in the second quarter. Calvert Investment Management Inc. now owns 4,743 shares of the company’s stock valued at $667,000 after buying an additional 41 shares during the last quarter. 93.22% of the stock is owned by institutional investors.
Waters Corp. (NYSE:WAT) traded down 2.64% on Friday, reaching $135.18. The company had a trading volume of 1,048,431 shares. Waters Corp. has a 12-month low of $112.00 and a 12-month high of $162.53. The stock has a market capitalization of $10.91 billion, a PE ratio of 22.17 and a beta of 0.95. The stock’s 50 day moving average price is $148.43 and its 200-day moving average price is $147.34.
Waters Corp. (NYSE:WAT) last posted its earnings results on Tuesday, October 25th. The company reported $1.57 EPS for the quarter, hitting analysts’ consensus estimates of $1.57. Waters Corp. had a net margin of 23.44% and a return on equity of 24.33%. The business earned $527 million during the quarter, compared to the consensus estimate of $330.78 million. During the same quarter in the previous year, the firm posted $1.42 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Equities analysts expect that Waters Corp. will post $6.55 earnings per share for the current fiscal year.
Several equities analysts recently commented on WAT shares. Jefferies Group reiterated a “hold” rating and issued a $145.00 price objective (down previously from $150.00) on shares of Waters Corp. in a research note on Friday, October 28th. Zacks Investment Research downgraded Waters Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Barclays PLC increased their target price on Waters Corp. from $130.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Cantor Fitzgerald restated a “buy” rating and set a $170.00 target price on shares of Waters Corp. in a research report on Tuesday, October 25th. Finally, Leerink Swann restated an “outperform” rating and set a $163.00 target price on shares of Waters Corp. in a research report on Thursday, November 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $151.15.
In other news, SVP Rohit Khanna sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $161.00, for a total transaction of $1,610,000.00. Following the completion of the sale, the senior vice president now owns 16,114 shares of the company’s stock, valued at approximately $2,594,354. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.45% of the company’s stock.
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.
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