Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Waters Co. (NYSE:WAT)

Wealth Enhancement Advisory Services LLC grew its holdings in Waters Co. (NYSE:WATFree Report) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,621 shares of the medical instruments supplier’s stock after purchasing an additional 146 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Waters were worth $1,246,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Ameriprise Financial Inc. raised its position in shares of Waters by 239.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 182,625 shares of the medical instruments supplier’s stock valued at $50,078,000 after buying an additional 128,763 shares during the period. Alps Advisors Inc. raised its position in shares of Waters by 22.9% during the 3rd quarter. Alps Advisors Inc. now owns 1,282 shares of the medical instruments supplier’s stock valued at $352,000 after buying an additional 239 shares during the period. Royal London Asset Management Ltd. raised its position in shares of Waters by 1.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 23,311 shares of the medical instruments supplier’s stock valued at $6,398,000 after buying an additional 272 shares during the period. Crestwood Advisors Group LLC purchased a new stake in shares of Waters during the 3rd quarter valued at approximately $240,000. Finally, Toroso Investments LLC raised its position in shares of Waters by 7.2% during the 3rd quarter. Toroso Investments LLC now owns 4,730 shares of the medical instruments supplier’s stock valued at $1,297,000 after buying an additional 319 shares during the period. 94.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Richard H. Fearon bought 1,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $332.90 per share, for a total transaction of $332,900.00. Following the completion of the purchase, the director now owns 1,653 shares in the company, valued at approximately $550,283.70. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Christopher A. Kuebler sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $361.64, for a total transaction of $1,446,560.00. Following the completion of the transaction, the director now owns 14,716 shares in the company, valued at $5,321,894.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard H. Fearon bought 1,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average price of $332.90 per share, with a total value of $332,900.00. Following the purchase, the director now owns 1,653 shares of the company’s stock, valued at approximately $550,283.70. The disclosure for this purchase can be found here. Insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

WAT has been the topic of several analyst reports. Evercore ISI reduced their price target on shares of Waters from $320.00 to $300.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Stifel Nicolaus boosted their target price on Waters from $330.00 to $332.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Jefferies Financial Group started coverage on Waters in a research report on Monday, June 3rd. They issued a “hold” rating and a $320.00 target price on the stock. TD Cowen boosted their target price on Waters from $350.00 to $358.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Finally, Robert W. Baird cut their target price on Waters from $319.00 to $312.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $301.20.

Check Out Our Latest Stock Report on WAT

Waters Stock Performance

NYSE:WAT opened at $286.21 on Friday. The company has a fifty day simple moving average of $314.31 and a two-hundred day simple moving average of $322.80. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 4.58 and a beta of 0.95. The company has a quick ratio of 1.30, a current ratio of 1.94 and a debt-to-equity ratio of 1.60. Waters Co. has a 52 week low of $231.90 and a 52 week high of $367.21.

Waters (NYSE:WATGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The medical instruments supplier reported $2.21 EPS for the quarter, topping the consensus estimate of $2.10 by $0.11. The business had revenue of $636.80 million during the quarter, compared to the consensus estimate of $635.57 million. Waters had a net margin of 20.75% and a return on equity of 66.59%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.49 earnings per share. As a group, equities analysts anticipate that Waters Co. will post 11.85 earnings per share for the current fiscal year.

About Waters

(Free Report)

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as 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 (NYSE:WAT)

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