Shares of Waters Corp. (NYSE:WAT) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $149.18.
Several brokerages have weighed in on WAT. Evercore ISI increased their price objective on Waters Corp. from $140.50 to $154.00 and gave the company a “hold” rating in a report on Tuesday, July 26th. Zacks Investment Research lowered Waters Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Jefferies Group increased their price objective on Waters Corp. from $128.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. Mizuho increased their price objective on Waters Corp. from $130.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, Citigroup Inc. increased their price objective on Waters Corp. from $138.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th.
In related news, EVP Arthur G. Caputo sold 104,785 shares of Waters Corp. stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $158.54, for a total transaction of $16,612,613.90. Following the completion of the sale, the executive vice president now owns 191,732 shares of the company’s stock, valued at $30,397,191.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 sale, the director now directly owns 12,161 shares of the company’s stock, valued at approximately $1,901,737.18. The disclosure for this sale can be found here. Corporate insiders own 5.45% of the company’s stock.
A number of large investors have recently bought and sold shares of WAT. Van ECK Associates Corp raised its stake in Waters Corp. by 24.8% in the second quarter. Van ECK Associates Corp now owns 719 shares of the company’s stock valued at $101,000 after buying an additional 143 shares in the last quarter. Roble Belko & Company Inc acquired a new stake in Waters Corp. during the second quarter valued at about $113,000. Advisor Group Inc. acquired a new stake in Waters Corp. during the second quarter valued at about $132,000. Mizuho Asset Management Co. Ltd. raised its stake in Waters Corp. by 61.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,008 shares of the company’s stock valued at $142,000 after buying an additional 384 shares in the last quarter. Finally, Societe Generale purchased a new stake in Waters Corp. during the second quarter worth $151,000. 92.42% of the stock is owned by institutional investors.
Waters Corp. (NYSE:WAT) opened at 158.49 on Wednesday. The company has a 50-day moving average price of $157.22 and a 200 day moving average price of $143.74. Waters Corp. has a 12-month low of $112.00 and a 12-month high of $162.53. The company has a market cap of $12.77 billion, a PE ratio of 26.56 and a beta of 0.83.
Waters Corp. (NYSE:WAT) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.13. Waters Corp. had a return on equity of 24.69% and a net margin of 23.33%. The business earned $537 million during the quarter, compared to analyst estimates of $523.23 million. During the same period in the prior year, the company earned $1.32 earnings per share. Waters Corp.’s revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that Waters Corp. will post $6.57 EPS for the current fiscal year.
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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