Suntrust Banks Inc. trimmed its stake in Waters Corporation (NYSE:WAT) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,246 shares of the medical instruments supplier’s stock after selling 22 shares during the quarter. Suntrust Banks Inc.’s holdings in Waters Corporation were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its position in shares of Waters Corporation by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 573 shares of the medical instruments supplier’s stock worth $105,000 after purchasing an additional 2 shares in the last quarter. Diversified Trust Co lifted its position in shares of Waters Corporation by 0.4% in the second quarter. Diversified Trust Co now owns 1,285 shares of the medical instruments supplier’s stock worth $236,000 after purchasing an additional 5 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Waters Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,062 shares of the medical instruments supplier’s stock worth $563,000 after purchasing an additional 8 shares in the last quarter. Lowe Brockenbrough & Co. Inc. lifted its position in shares of Waters Corporation by 0.8% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 1,528 shares of the medical instruments supplier’s stock worth $281,000 after purchasing an additional 12 shares in the last quarter. Finally, Cadence Capital Management LLC lifted its position in shares of Waters Corporation by 0.6% in the second quarter. Cadence Capital Management LLC now owns 2,216 shares of the medical instruments supplier’s stock worth $407,000 after purchasing an additional 13 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the stock. Cleveland Research lowered shares of Waters Corporation from a “buy” rating to a “neutral” rating in a research report on Monday. Morgan Stanley reissued an “underweight” rating and issued a $192.00 price target (up from $183.00) on shares of Waters Corporation in a research report on Friday, October 6th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Waters Corporation in a research report on Tuesday, September 26th. They issued a “hold” rating and a $180.00 price target for the company. Jefferies Group LLC reissued a “hold” rating and issued a $175.00 price target on shares of Waters Corporation in a research report on Thursday, August 31st. Finally, BidaskClub raised shares of Waters Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Waters Corporation has a consensus rating of “Hold” and an average target price of $186.25.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/13/waters-corporation-wat-shares-sold-by-suntrust-banks-inc.html.

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

Waters Corporation (NYSE:WAT) opened at 185.80 on Friday. The firm has a market cap of $14.83 billion, a P/E ratio of 28.00 and a beta of 0.81. Waters Corporation has a 12-month low of $133.35 and a 12-month high of $190.39. The company has a 50-day moving average price of $183.65 and a 200-day moving average price of $177.21.

Waters Corporation (NYSE:WAT) last released its earnings results on Tuesday, July 25th. The medical instruments supplier reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.05. The firm had revenue of $558.30 million for the quarter, compared to analysts’ expectations of $553.22 million. Waters Corporation had a return on equity of 23.91% and a net margin of 24.26%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 EPS. On average, analysts predict that Waters Corporation will post $7.39 earnings per share for the current year.

About Waters Corporation

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.

Want to see what other hedge funds are holding WAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waters Corporation (NYSE:WAT).

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

Receive News & Stock Ratings for Waters Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waters Corporation and related stocks with our FREE daily email newsletter.