Artemis Investment Management LLP raised its stake in shares of Waters Corp. (NYSE:WAT) by 77.0% during the second quarter, Holdings Channel reports. The firm owned 158,041 shares of the company’s stock after buying an additional 68,767 shares during the period. Artemis Investment Management LLP’s holdings in Waters Corp. were worth $22,229,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. 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 valued at $61,769,000 after buying an additional 71,202 shares during the period. Geode Capital Management LLC boosted its stake in shares of Waters Corp. by 5.1% in the first quarter. Geode Capital Management LLC now owns 688,774 shares of the company’s stock valued at $90,688,000 after buying an additional 33,317 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Waters Corp. by 2.6% in the first quarter. UBS Asset Management Americas Inc. now owns 214,423 shares of the company’s stock valued at $28,288,000 after buying an additional 5,460 shares during the last quarter. AXA boosted its stake in shares of Waters Corp. by 27.0% in the first quarter. AXA now owns 48,400 shares of the company’s stock valued at $6,385,000 after buying an additional 10,300 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of Waters Corp. during the first quarter valued at $2,907,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Waters Corp. (NYSE:WAT) traded down 0.56% on Monday, hitting $156.78. The stock had a trading volume of 326,417 shares. Waters Corp. has a 12 month low of $112.00 and a 12 month high of $162.53. The company’s 50 day moving average price is $157.25 and its 200-day moving average price is $143.12. The company has a market cap of $12.63 billion, a P/E ratio of 26.27 and a beta of 0.83.
Waters Corp. (NYSE:WAT) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.45 by $0.13. The company had revenue of $537 million for the quarter, compared to the consensus estimate of $523.23 million. Waters Corp. had a return on equity of 24.69% and a net margin of 23.33%. Waters Corp.’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.32 EPS. On average, analysts expect that Waters Corp. will post $6.57 earnings per share for the current year.
WAT has been the topic of several recent research reports. Zacks Investment Research raised Waters Corp. from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Wednesday, June 29th. Cantor Fitzgerald upped their price target on Waters Corp. from $163.00 to $173.00 and gave the stock a “buy” rating in a research note on Tuesday, July 26th. Evercore ISI upped their price target on Waters Corp. from $140.50 to $154.00 and gave the stock a “hold” rating in a research note on Tuesday, July 26th. Mizuho upped their price target on Waters Corp. from $130.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Finally, Jefferies Group upped their price target on Waters Corp. from $128.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Waters Corp. has a consensus rating of “Hold” and an average target price of $149.77.
In other news, VP Elizabeth B. Rae sold 30,000 shares of Waters Corp. stock in a transaction on Friday, July 29th. The stock was sold at an average price of $158.65, for a total value of $4,759,500.00. Following the transaction, the vice president now directly owns 30,815 shares in the company, valued at approximately $4,888,799.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laurie H. M.D. Glimcher sold 4,000 shares of Waters Corp. stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $156.38, for a total value of $625,520.00. Following the completion of the transaction, the director now owns 12,161 shares in the company, valued at $1,901,737.18. The disclosure for this sale can be found here. Company insiders own 5.45% of the company’s stock.
About Waters Corp.
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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