Dean Capital Investments Management LLC Invests $706,000 in Waters Co. (WAT) Stock
Dean Capital Investments Management LLC bought a new stake in Waters Co. (NYSE:WAT) during the fourth quarter, Holdings Channel reports. The firm bought 3,654 shares of the medical instruments supplier’s stock, valued at approximately $706,000.
A number of other large investors have also bought and sold shares of WAT. Janus Henderson Group PLC raised its position in Waters by 20,670.6% in the second quarter. Janus Henderson Group PLC now owns 1,929,793 shares of the medical instruments supplier’s stock valued at $354,773,000 after purchasing an additional 1,920,502 shares during the period. Harding Loevner LP raised its position in Waters by 207.1% in the third quarter. Harding Loevner LP now owns 2,768,174 shares of the medical instruments supplier’s stock valued at $158,275,000 after purchasing an additional 1,866,848 shares during the period. Koch Industries Inc. raised its position in Waters by 36,932.0% in the second quarter. Koch Industries Inc. now owns 534,742 shares of the medical instruments supplier’s stock valued at $532,000 after purchasing an additional 533,298 shares during the period. Mackenzie Financial Corp raised its position in Waters by 157.5% in the third quarter. Mackenzie Financial Corp now owns 651,400 shares of the medical instruments supplier’s stock valued at $116,939,000 after purchasing an additional 398,438 shares during the period. Finally, American Century Companies Inc. raised its position in Waters by 200.4% in the third quarter. American Century Companies Inc. now owns 512,899 shares of the medical instruments supplier’s stock valued at $92,076,000 after purchasing an additional 342,134 shares during the period. Institutional investors own 92.21% of the company’s stock.
In related news, SVP Elizabeth B. Rae sold 28,400 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $219.01, for a total transaction of $6,219,884.00. Following the completion of the transaction, the senior vice president now directly owns 13,443 shares of the company’s stock, valued at approximately $2,944,151.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joann A. Reed sold 1,386 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $194.07, for a total value of $268,981.02. The disclosure for this sale can be found here. Insiders have sold a total of 136,789 shares of company stock valued at $28,459,047 over the last three months. 5.07% of the stock is currently owned by insiders.
Waters Co. (NYSE:WAT) opened at $215.61 on Thursday. Waters Co. has a one year low of $140.93 and a one year high of $220.20. The company has a market capitalization of $17,393.87, a price-to-earnings ratio of 1,134.85, a P/E/G ratio of 2.75 and a beta of 0.82. The company has a current ratio of 2.10, a quick ratio of 1.97 and a debt-to-equity ratio of 0.66.
Waters (NYSE:WAT) last released its earnings results on Tuesday, January 23rd. The medical instruments supplier reported $2.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.07. Waters had a return on equity of 24.70% and a net margin of 0.88%. The firm had revenue of $687.28 million during the quarter, compared to analysts’ expectations of $671.98 million. During the same period in the previous year, the firm posted $2.21 EPS. Waters’s revenue for the quarter was up 9.3% on a year-over-year basis. analysts anticipate that Waters Co. will post 8.16 earnings per share for the current fiscal year.
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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.
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