Waters Co. (NYSE:WAT) Shares Sold by Mather Group LLC.

Mather Group LLC. lessened its position in shares of Waters Co. (NYSE:WAT) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,281 shares of the medical instruments supplier’s stock after selling 35 shares during the quarter. Mather Group LLC.’s holdings in Waters were worth $1,217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. increased its stake in shares of Waters by 11.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 1,510 shares of the medical instruments supplier’s stock valued at $560,000 after purchasing an additional 150 shares in the last quarter. Willis Investment Counsel increased its position in shares of Waters by 3.1% in the fourth quarter. Willis Investment Counsel now owns 31,727 shares of the medical instruments supplier’s stock valued at $11,770,000 after buying an additional 956 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Waters by 0.3% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 9,610 shares of the medical instruments supplier’s stock valued at $3,565,000 after buying an additional 30 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Waters by 251.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,359 shares of the medical instruments supplier’s stock worth $2,359,000 after buying an additional 4,551 shares during the period. Finally, Caprock Group LLC lifted its position in shares of Waters by 10.4% during the 4th quarter. Caprock Group LLC now owns 1,749 shares of the medical instruments supplier’s stock valued at $649,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 94.01% of the company’s stock.

Waters Stock Down 0.4 %

NYSE WAT opened at $409.71 on Wednesday. The business’s fifty day simple moving average is $388.05 and its 200-day simple moving average is $360.17. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 1.14. The firm has a market cap of $24.33 billion, a PE ratio of 39.09, a P/E/G ratio of 7.45 and a beta of 1.01. Waters Co. has a 52 week low of $279.24 and a 52 week high of $423.56.

Analysts Set New Price Targets

A number of research firms have weighed in on WAT. Sanford C. Bernstein upgraded shares of Waters from a “market perform” rating to an “outperform” rating and set a $430.00 price objective for the company in a research report on Friday, January 10th. Stifel Nicolaus upped their price target on shares of Waters from $332.00 to $360.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. TD Cowen lifted their price objective on Waters from $363.00 to $410.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Jefferies Financial Group raised Waters from a “hold” rating to a “buy” rating and increased their target price for the company from $355.00 to $415.00 in a report on Tuesday, October 8th. Finally, Bank of America lifted their price target on Waters from $400.00 to $430.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $384.71.

Waters Profile

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.