Linscomb & Williams Inc. reduced its position in Waters Co. (NYSE:WAT) by 26.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,413 shares of the medical instruments supplier’s stock after selling 850 shares during the period. Linscomb & Williams Inc.’s holdings in Waters were worth $607,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WAT. Stone Ridge Asset Management LLC boosted its position in Waters by 7.0% during the 4th quarter. Stone Ridge Asset Management LLC now owns 2,535 shares of the medical instruments supplier’s stock valued at $478,000 after purchasing an additional 166 shares during the period. Kinneret Advisory LLC acquired a new position in Waters during the 4th quarter valued at approximately $1,055,000. Ontario Teachers Pension Plan Board boosted its position in Waters by 6.7% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 173,146 shares of the medical instruments supplier’s stock valued at $32,664,000 after purchasing an additional 10,815 shares during the period. IFM Investors Pty Ltd boosted its position in Waters by 10.5% during the 1st quarter. IFM Investors Pty Ltd now owns 4,985 shares of the medical instruments supplier’s stock valued at $1,255,000 after purchasing an additional 472 shares during the period. Finally, Stanley Laman Group Ltd. acquired a new position in Waters during the 4th quarter valued at approximately $4,084,000. 92.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of WAT traded up $1.20 during midday trading on Monday, reaching $206.25. The stock had a trading volume of 435,951 shares, compared to its average volume of 548,764. The company has a market capitalization of $14.33 billion, a PE ratio of 24.88, a P/E/G ratio of 2.18 and a beta of 1.08. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.89 and a current ratio of 3.44. Waters Co. has a 52 week low of $167.93 and a 52 week high of $255.21.
In other Waters news, SVP Terrence P. Kelly sold 2,006 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $239.69, for a total value of $480,818.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert G. Carson sold 2,724 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $241.23, for a total value of $657,110.52. Following the completion of the transaction, the senior vice president now owns 3,898 shares in the company, valued at approximately $940,314.54. The disclosure for this sale can be found here. 1.14% of the stock is owned by insiders.
A number of research analysts have issued reports on WAT shares. Zacks Investment Research upgraded Waters from a “hold” rating to a “buy” rating and set a $256.00 price target for the company in a research report on Wednesday, January 30th. ValuEngine lowered Waters from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Barclays reduced their price target on Waters from $218.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 24th. Robert W. Baird reduced their price target on Waters from $211.00 to $209.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, UBS Group reduced their price target on Waters from $248.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. Waters currently has a consensus rating of “Hold” and a consensus target price of $212.26.
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Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.
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