Zurich Insurance Group Ltd FI raised its position in Waters Corporation (NYSE:WAT) by 1.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,429 shares of the medical instruments supplier’s stock after acquiring an additional 153 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Waters Corporation were worth $1,917,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Waters Corporation by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 7,704,022 shares of the medical instruments supplier’s stock worth $1,416,308,000 after acquiring an additional 206,262 shares during the period. BlackRock Inc. lifted its stake in shares of Waters Corporation by 3.1% in the 2nd quarter. BlackRock Inc. now owns 5,515,322 shares of the medical instruments supplier’s stock worth $1,013,936,000 after acquiring an additional 165,611 shares during the period. Fundsmith LLP lifted its stake in shares of Waters Corporation by 11.7% in the 2nd quarter. Fundsmith LLP now owns 3,833,955 shares of the medical instruments supplier’s stock worth $704,834,000 after acquiring an additional 401,420 shares during the period. State Street Corp lifted its stake in shares of Waters Corporation by 1.7% in the 1st quarter. State Street Corp now owns 3,446,000 shares of the medical instruments supplier’s stock worth $538,641,000 after acquiring an additional 58,746 shares during the period. Finally, Janus Capital Management LLC lifted its stake in shares of Waters Corporation by 18.2% in the 1st quarter. Janus Capital Management LLC now owns 2,309,646 shares of the medical instruments supplier’s stock worth $361,021,000 after acquiring an additional 356,395 shares during the period. Institutional investors own 91.00% of the company’s stock.

Several analysts have recently commented on WAT shares. Bank of America Corporation restated a “neutral” rating and issued a $192.00 target price (up previously from $180.00) on shares of Waters Corporation in a research note on Friday, July 21st. Wells Fargo & Company restated an “outperform” rating and issued a $205.00 target price (up previously from $195.00) on shares of Waters Corporation in a research note on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and issued a $170.00 target price on shares of Waters Corporation in a research note on Friday, July 14th. Zacks Investment Research cut shares of Waters Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Cowen and Company restated a “hold” rating and issued a $190.00 target price on shares of Waters Corporation in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Waters Corporation currently has a consensus rating of “Hold” and an average price target of $186.25.

In other Waters Corporation news, Director Christopher A. Kuebler sold 3,500 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $179.67, for a total value of $628,845.00. Following the completion of the sale, the director now directly owns 17,849 shares of the company’s stock, valued at approximately $3,206,929.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rohit Khanna sold 18,400 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $185.78, for a total transaction of $3,418,352.00. Following the completion of the sale, the senior vice president now directly owns 22,477 shares of the company’s stock, valued at $4,175,777.06. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

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Waters Corporation (NYSE WAT) opened at 185.88 on Friday. The stock has a 50 day moving average of $183.15 and a 200-day moving average of $176.36. The stock has a market cap of $14.84 billion, a P/E ratio of 28.02 and a beta of 0.81. Waters Corporation has a one year low of $133.35 and a one year high of $190.39.

Waters Corporation (NYSE:WAT) last posted its quarterly earnings data on Tuesday, July 25th. The medical instruments supplier reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.05. The business had revenue of $558.30 million during the quarter, compared to the consensus estimate of $553.22 million. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 earnings per share. Analysts anticipate that Waters Corporation will post $7.39 EPS for the current year.

Waters Corporation Profile

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans.

Institutional Ownership by Quarter for Waters Corporation (NYSE:WAT)

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