LS Investment Advisors LLC Sells 495 Shares of Waters Co. (WAT)

LS Investment Advisors LLC lowered its stake in shares of Waters Co. (NYSE:WAT) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,017 shares of the medical instruments supplier’s stock after selling 495 shares during the quarter. LS Investment Advisors LLC’s holdings in Waters were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of WAT. Bank of New York Mellon Corp boosted its position in Waters by 156.1% during the second quarter. Bank of New York Mellon Corp now owns 4,358,976 shares of the medical instruments supplier’s stock valued at $843,852,000 after purchasing an additional 2,657,055 shares in the last quarter. Morgan Stanley boosted its position in Waters by 188.1% during the third quarter. Morgan Stanley now owns 527,562 shares of the medical instruments supplier’s stock valued at $102,707,000 after purchasing an additional 344,432 shares in the last quarter. Select Equity Group L.P. boosted its position in Waters by 81.8% during the third quarter. Select Equity Group L.P. now owns 406,245 shares of the medical instruments supplier’s stock valued at $79,088,000 after purchasing an additional 182,841 shares in the last quarter. Nordea Investment Management AB boosted its position in Waters by 3,557.4% during the third quarter. Nordea Investment Management AB now owns 154,597 shares of the medical instruments supplier’s stock valued at $30,098,000 after purchasing an additional 150,370 shares in the last quarter. Finally, Man Group plc boosted its position in Waters by 61.4% during the third quarter. Man Group plc now owns 313,891 shares of the medical instruments supplier’s stock valued at $61,109,000 after purchasing an additional 119,451 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

In other news, Director Michael J. Berendt sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $184.74, for a total value of $646,590.00. Following the completion of the transaction, the director now directly owns 27,411 shares in the company, valued at $5,063,908.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher A. Kuebler sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $199.67, for a total value of $1,597,360.00. Following the completion of the transaction, the director now owns 18,911 shares of the company’s stock, valued at $3,775,959.37. The disclosure for this sale can be found here. In the last three months, insiders sold 97,249 shares of company stock valued at $20,981,857. Corporate insiders own 0.98% of the company’s stock.

A number of brokerages recently weighed in on WAT. TheStreet raised Waters from a “c+” rating to a “b” rating in a research report on Thursday, January 17th. Robert W. Baird downgraded Waters from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $191.00 to $211.00 in a research report on Thursday, January 24th. Zacks Investment Research raised Waters from a “hold” rating to a “buy” rating and set a $256.00 price objective on the stock in a research report on Wednesday, January 30th. UBS Group dropped their price objective on Waters from $210.00 to $200.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 24th. Finally, Bank of America raised Waters from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Waters presently has a consensus rating of “Hold” and an average target price of $208.99.

Shares of NYSE WAT opened at $231.00 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.26 and a quick ratio of 2.01. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.28 and a beta of 1.17. Waters Co. has a fifty-two week low of $167.93 and a fifty-two week high of $233.48.

Waters (NYSE:WAT) last issued its quarterly earnings results on Wednesday, January 23rd. The medical instruments supplier reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.23. The business had revenue of $715.00 million during the quarter, compared to the consensus estimate of $702.74 million. Waters had a return on equity of 34.18% and a net margin of 24.54%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.51 earnings per share. On average, equities analysts anticipate that Waters Co. will post 9.35 earnings per share for the current year.

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About Waters

Waters Corporation, a specialty measurement company, provides analytical workflow solutions in the United States, Europe, Asia, and internationally. It designs, manufactures, sells, and services high and ultra performance liquid chromatography technology, 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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