Schroder Investment Management Group Trims Position in Waters Corporation (WAT)

Schroder Investment Management Group trimmed its holdings in Waters Corporation (NYSE:WAT) by 24.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 110,770 shares of the medical instruments supplier’s stock after selling 36,800 shares during the period. Schroder Investment Management Group owned 0.14% of Waters worth $19,803,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Waters by 9.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,492 shares of the medical instruments supplier’s stock valued at $1,165,000 after buying an additional 546 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Waters by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 133,322 shares of the medical instruments supplier’s stock valued at $23,836,000 after buying an additional 2,608 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Waters by 2.5% in the third quarter. Legal & General Group Plc now owns 415,776 shares of the medical instruments supplier’s stock valued at $74,638,000 after buying an additional 10,271 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Waters by 20.4% in the third quarter. Great West Life Assurance Co. Can now owns 66,563 shares of the medical instruments supplier’s stock valued at $11,882,000 after buying an additional 11,278 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Waters by 44.5% in the third quarter. Nordea Investment Management AB now owns 4,578 shares of the medical instruments supplier’s stock valued at $822,000 after buying an additional 1,409 shares during the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.

Shares of Waters Corporation (NYSE:WAT) traded down $0.41 on Wednesday, reaching $194.26. 307,900 shares of the company’s stock traded hands, compared to its average volume of 515,291. The company has a quick ratio of 5.71, a current ratio of 6.16 and a debt-to-equity ratio of 0.66. Waters Corporation has a one year low of $133.71 and a one year high of $201.95. The firm has a market capitalization of $15,482.69, a price-to-earnings ratio of 27.04, a P/E/G ratio of 2.82 and a beta of 0.82.

Waters (NYSE:WAT) last issued its earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.03. Waters had a net margin of 24.34% and a return on equity of 23.61%. The company had revenue of $565.58 million for the quarter, compared to analyst estimates of $555.25 million. During the same period in the prior year, the business posted $1.57 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. sell-side analysts predict that Waters Corporation will post 7.42 EPS for the current fiscal year.

In other Waters news, Director Thomas P. Salice sold 3,500 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $200.03, for a total transaction of $700,105.00. Following the transaction, the director now directly owns 20,349 shares in the company, valued at $4,070,410.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Rohit Khanna sold 18,400 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $185.78, for a total transaction of $3,418,352.00. Following the transaction, the senior vice president now owns 22,477 shares in the company, valued at $4,175,777.06. The disclosure for this sale can be found here. Insiders have sold 64,313 shares of company stock worth $12,503,037 over the last 90 days. 5.07% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on WAT shares. Deutsche Bank boosted their price target on shares of Waters from $199.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Waters from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research note on Monday, October 23rd. Barclays boosted their price target on shares of Waters from $188.00 to $193.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 25th. Bank of America boosted their price target on shares of Waters from $192.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Finally, Cowen reiterated a “hold” rating and set a $190.00 price target on shares of Waters in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $193.62.

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About Waters

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 (NYSE:WAT)

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