Dudley & Shanley LLC reduced its stake in shares of Waters Corp. (NYSE:WAT) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,850 shares of the company’s stock after selling 140 shares during the period. Waters Corp. makes up approximately 3.7% of Dudley & Shanley LLC’s holdings, making the stock its 18th largest position. Dudley & Shanley LLC’s holdings in Waters Corp. were worth $16,435,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in WAT. Integrated Investment Consultants LLC raised its stake in Waters Corp. by 20.1% in the second quarter. Integrated Investment Consultants LLC now owns 1,141 shares of the company’s stock valued at $160,000 after buying an additional 191 shares in the last quarter. Cacti Asset Management LLC acquired a new stake in Waters Corp. during the second quarter valued at about $162,000. Oakworth Capital Inc. raised its stake in Waters Corp. by 693.8% in the second quarter. Oakworth Capital Inc. now owns 1,270 shares of the company’s stock valued at $175,000 after buying an additional 1,110 shares in the last quarter. Diversified Trust Co acquired a new stake in Waters Corp. during the second quarter valued at about $204,000. Finally, First Financial Bank N.A. Trust Division acquired a new stake in Waters Corp. during the second quarter valued at about $207,000. Hedge funds and other institutional investors own 92.40% of the company’s stock.
Shares of Waters Corp. (NYSE:WAT) traded up 0.41% during midday trading on Monday, hitting $155.54. The company’s stock had a trading volume of 203,279 shares. The firm has a market cap of $12.53 billion, a P/E ratio of 26.06 and a beta of 0.83. Waters Corp. has a 52-week low of $112.00 and a 52-week high of $162.53. The stock’s 50 day moving average is $156.69 and its 200-day moving average is $145.60.
Waters Corp. (NYSE:WAT) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The company had revenue of $537 million for the quarter, compared to analysts’ expectations of $523.23 million. Waters Corp. had a net margin of 23.33% and a return on equity of 24.69%. Waters Corp.’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. Equities analysts predict that Waters Corp. will post $6.57 EPS for the current fiscal year.
Several research firms have issued reports on WAT. Cantor Fitzgerald upped their price objective on Waters Corp. from $163.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, July 26th. Zacks Investment Research upgraded Waters Corp. from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Thursday, July 21st. Evercore ISI increased their target price on Waters Corp. from $140.50 to $154.00 and gave the stock a “hold” rating in a research note on Tuesday, July 26th. Jefferies Group increased their target price on Waters Corp. from $128.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, July 27th. Finally, Mizuho increased their target price on Waters Corp. from $130.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $149.77.
In related news, insider Terrence P. Kelly sold 28,600 shares of Waters Corp. stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $156.74, for a total value of $4,482,764.00. Following the sale, the insider now owns 12,158 shares of the company’s stock, valued at approximately $1,905,644.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rohit Khanna sold 10,000 shares of Waters Corp. stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $161.00, for a total transaction of $1,610,000.00. Following the completion of the sale, the senior vice president now directly owns 16,114 shares in the company, valued at approximately $2,594,354. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by corporate insiders.
About Waters Corp.
Waters Corporation is an analytical instrument manufacturer. The Company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company operates through two segments: Waters Division and TA Division.