Sumitomo Mitsui Trust Holdings Inc. cut its stake in Waters Corporation (NYSE:WAT) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 221,124 shares of the medical instruments supplier’s stock after selling 2,248 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of Waters Corporation worth $39,696,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Waters Corporation by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 209,081 shares of the medical instruments supplier’s stock valued at $38,436,000 after acquiring an additional 1,448 shares during the period. Assenagon Asset Management S.A. acquired a new position in Waters Corporation in the third quarter valued at approximately $3,446,000. Advisory Services Network LLC lifted its holdings in Waters Corporation by 6.0% in the second quarter. Advisory Services Network LLC now owns 1,145 shares of the medical instruments supplier’s stock valued at $210,000 after acquiring an additional 65 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Waters Corporation by 46.7% in the second quarter. UBS Asset Management Americas Inc. now owns 374,472 shares of the medical instruments supplier’s stock valued at $68,843,000 after acquiring an additional 119,130 shares during the period. Finally, Chicago Equity Partners LLC acquired a new position in Waters Corporation in the second quarter valued at approximately $3,230,000. 92.04% of the stock is owned by institutional investors.

In other Waters Corporation news, SVP Rohit Khanna sold 26,913 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $197.93, for a total value of $5,326,890.09. Following the completion of the sale, the senior vice president now directly owns 13,677 shares in the company, valued at approximately $2,707,088.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Elizabeth B. Rae sold 12,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $197.95, for a total value of $2,375,400.00. Following the completion of the sale, the senior vice president now owns 18,129 shares of the company’s stock, valued at $3,588,635.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,813 shares of company stock valued at $11,820,747. 5.07% of the stock is owned by corporate insiders.

Waters Corporation (WAT) traded up $2.06 during midday trading on Tuesday, reaching $200.27. The company had a trading volume of 281,600 shares, compared to its average volume of 518,065. Waters Corporation has a 1 year low of $133.35 and a 1 year high of $200.71. The company has a current ratio of 6.16, a quick ratio of 5.71 and a debt-to-equity ratio of 0.66. The firm has a market cap of $15,764.24, a P/E ratio of 27.53, a P/E/G ratio of 2.88 and a beta of 0.83.

Waters Corporation (NYSE:WAT) last posted its quarterly earnings data on Tuesday, October 24th. The medical instruments supplier reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.03. Waters Corporation had a return on equity of 23.61% and a net margin of 24.34%. The firm had revenue of $565.58 million during the quarter, compared to the consensus estimate of $555.25 million. During the same period in the prior year, the company earned $1.57 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. research analysts predict that Waters Corporation will post 7.42 EPS for the current fiscal year.

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A number of brokerages have issued reports on WAT. Bank of America Corporation boosted their price target on Waters Corporation from $192.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Cowen and Company reaffirmed a “hold” rating and set a $190.00 target price on shares of Waters Corporation in a research note on Friday, November 3rd. Zacks Investment Research downgraded Waters Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Citigroup Inc. reaffirmed a “neutral” rating and set a $180.00 target price on shares of Waters Corporation in a research note on Wednesday, October 25th. Finally, Barclays PLC upped their target price on Waters Corporation from $188.00 to $193.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Waters Corporation presently has a consensus rating of “Hold” and an average target price of $193.62.

Waters Corporation Profile

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

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