Exxonmobil Investment Management Inc. TX decreased its stake in Waters Corp. (NYSE:WAT) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,573 shares of the company’s stock after selling 379 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Waters Corp. were worth $3,261,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Waters Corp. by 0.3% in the first quarter. Arizona State Retirement System now owns 31,297 shares of the company’s stock valued at $4,129,000 after buying an additional 100 shares in the last quarter. First Financial Bank N.A. Trust Division bought a new stake in Waters Corp. during the second quarter valued at $207,000. Integrated Investment Consultants LLC increased its stake in Waters Corp. by 20.1% in the second quarter. Integrated Investment Consultants LLC now owns 1,141 shares of the company’s stock valued at $160,000 after buying an additional 191 shares in the last quarter. Cacti Asset Management LLC bought a new stake in Waters Corp. during the second quarter valued at $162,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Waters Corp. by 0.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 69,176 shares of the company’s stock valued at $9,730,000 after buying an additional 584 shares in the last quarter. 90.37% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Waters Corp. (NYSE:WAT)

Waters Corp. (NYSE:WAT) traded up 0.78% during trading on Tuesday, reaching $137.63. 577,103 shares of the company’s stock were exchanged. Waters Corp. has a 52 week low of $112.00 and a 52 week high of $162.53. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 22.57 and a beta of 0.95. The stock has a 50-day moving average price of $144.52 and a 200 day moving average price of $147.82.

Waters Corp. (NYSE:WAT) last issued its earnings results on Tuesday, October 25th. The company reported $1.57 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.57. Waters Corp. had a return on equity of 24.33% and a net margin of 23.44%. The firm had revenue of $527 million for the quarter, compared to analyst estimates of $330.78 million. During the same period last year, the company earned $1.42 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Waters Corp. will post $6.55 earnings per share for the current fiscal year.

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WAT has been the topic of several recent research reports. Jefferies Group reaffirmed a “hold” rating and issued a $145.00 price objective (down from $150.00) on shares of Waters Corp. in a report on Friday, October 28th. Zacks Investment Research downgraded shares of Waters Corp. from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Waters Corp. in a report on Tuesday, October 25th. Finally, Leerink Swann reaffirmed an “outperform” rating and issued a $163.00 price objective on shares of Waters Corp. in a report on Thursday, November 10th. One research 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. Waters Corp. has an average rating of “Hold” and a consensus price target of $151.15.

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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