Keybank National Association OH Decreases Holdings in Waters Corporation (WAT)

Keybank National Association OH cut its stake in shares of Waters Corporation (NYSE:WAT) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,607 shares of the medical instruments supplier’s stock after selling 158 shares during the period. Keybank National Association OH’s holdings in Waters Corporation were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Neuberger Berman Group LLC raised its stake in Waters Corporation by 214.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 4,215 shares of the medical instruments supplier’s stock valued at $775,000 after buying an additional 2,873 shares during the last quarter. Pacer Advisors Inc. raised its stake in Waters Corporation by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the medical instruments supplier’s stock valued at $330,000 after buying an additional 145 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Waters Corporation by 0.7% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 475,680 shares of the medical instruments supplier’s stock valued at $87,449,000 after buying an additional 3,515 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Waters Corporation by 13.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 18,870 shares of the medical instruments supplier’s stock valued at $3,469,000 after buying an additional 2,209 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in Waters Corporation by 2.1% during the 2nd quarter. GHP Investment Advisors Inc. now owns 6,820 shares of the medical instruments supplier’s stock valued at $1,254,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 91.12% of the company’s stock.

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Shares of Waters Corporation (NYSE:WAT) opened at 189.11 on Tuesday. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 28.50 and a beta of 0.83. Waters Corporation has a 1-year low of $133.35 and a 1-year high of $189.14. The stock has a 50 day moving average price of $179.32 and a 200 day moving average price of $172.66.

Waters Corporation (NYSE:WAT) last posted its earnings results on Tuesday, July 25th. The medical instruments supplier reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.05. The company 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 firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 earnings per share. Equities research analysts anticipate that Waters Corporation will post $7.38 EPS for the current year.

A number of equities research analysts have weighed in on the stock. Bank of America Corporation reiterated a “neutral” rating and set a $192.00 target price (up from $180.00) on shares of Waters Corporation in a research note on Friday, July 21st. Deutsche Bank AG lowered shares of Waters Corporation from a “buy” rating to a “hold” rating and boosted their target price for the company from $183.00 to $194.00 in a research note on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and set a $175.00 target price on shares of Waters Corporation in a research note on Thursday, August 31st. Cowen and Company reiterated a “hold” rating and set a $190.00 target price on shares of Waters Corporation in a research note on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Waters Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $186.00.

In related news, SVP Rohit Khanna sold 18,400 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now directly owns 22,477 shares in the company, valued at $4,175,777.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher A. Kuebler sold 3,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $179.67, for a total transaction of $628,845.00. Following the transaction, the director now owns 17,849 shares of the company’s stock, valued at $3,206,929.83. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

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.

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

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