Northern Trust Corp decreased its holdings in shares of Waters Co. (NYSE:WAT) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 989,002 shares of the medical instruments supplier’s stock after selling 2,890 shares during the period. Northern Trust Corp’s holdings in Waters were worth $212,873,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Waters by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,181 shares of the medical instruments supplier’s stock valued at $1,052,000 after buying an additional 49 shares during the period. Cadence Capital Management LLC boosted its position in shares of Waters by 1.0% during the 2nd quarter. Cadence Capital Management LLC now owns 5,622 shares of the medical instruments supplier’s stock worth $1,210,000 after acquiring an additional 53 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in shares of Waters by 0.9% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 6,227 shares of the medical instruments supplier’s stock worth $1,567,000 after acquiring an additional 58 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Waters by 0.8% in the 2nd quarter. GHP Investment Advisors Inc. now owns 8,272 shares of the medical instruments supplier’s stock valued at $1,780,000 after acquiring an additional 65 shares during the last quarter. Finally, ETF Managers Group LLC increased its holdings in shares of Waters by 10.6% in the 1st quarter. ETF Managers Group LLC now owns 721 shares of the medical instruments supplier’s stock valued at $181,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.
Shares of Waters stock traded up $7.32 on Wednesday, hitting $230.51. The stock had a trading volume of 35,193 shares, compared to its average volume of 452,829. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 2.43 and a beta of 1.08. The company has a current ratio of 2.65, a quick ratio of 2.07 and a debt-to-equity ratio of 2.00. Waters Co. has a 52-week low of $167.93 and a 52-week high of $255.21. The company’s 50 day moving average price is $211.14 and its 200 day moving average price is $221.37.
Several equities research analysts recently weighed in on WAT shares. ValuEngine cut Waters from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Bank of America lowered shares of Waters from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 16th. Cleveland Research cut shares of Waters from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 12th. Wolfe Research began coverage on shares of Waters in a research report on Thursday, May 30th. They set an “underperform” rating for the company. Finally, Zacks Investment Research upgraded shares of Waters from a “sell” rating to a “hold” rating and set a $217.00 price objective for the company in a research report on Wednesday, May 22nd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $210.54.
Waters Company Profile
Waters Corporation, a specialty measurement company, 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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