Insider Selling: Waters Co. (WAT) SVP Sells $4,344,847.44 in Stock

Waters Co. (NYSE:WAT) SVP David Terricciano sold 21,997 shares of Waters stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $197.52, for a total value of $4,344,847.44. Following the completion of the transaction, the senior vice president now owns 9,173 shares in the company, valued at approximately $1,811,850.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Waters Co. (WAT) opened at $196.06 on Thursday. Waters Co. has a twelve month low of $133.71 and a twelve month high of $201.95. The stock has a market capitalization of $15,725.27, a PE ratio of 27.46, a P/E/G ratio of 2.87 and a beta of 0.82. The company has a current ratio of 6.16, a quick ratio of 5.71 and a debt-to-equity ratio of 0.66.

Waters (NYSE:WAT) last posted its earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.03. Waters had a return on equity of 23.61% and a net margin of 24.34%. The firm had revenue of $565.58 million for the quarter, compared to the consensus estimate of $555.25 million. During the same quarter in the prior year, the business earned $1.57 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts forecast that Waters Co. will post 7.42 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its holdings in shares of Waters by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 573 shares of the medical instruments supplier’s stock worth $105,000 after acquiring an additional 2 shares during the period. ETF Managers Group LLC purchased a new position in shares of Waters during the 2nd quarter worth approximately $106,000. Intellectus Partners LLC grew its holdings in shares of Waters by 4.9% during the 2nd quarter. Intellectus Partners LLC now owns 667 shares of the medical instruments supplier’s stock worth $123,000 after acquiring an additional 31 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Waters during the 2nd quarter worth approximately $160,000. Finally, Acrospire Investment Management LLC grew its holdings in shares of Waters by 117.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 926 shares of the medical instruments supplier’s stock worth $170,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 92.09% of the company’s stock.

A number of research analysts recently issued reports on the company. Morgan Stanley upgraded Waters from an “underweight” rating to an “equal weight” rating and set a $192.00 price target on the stock in a report on Monday, December 4th. Cowen restated a “hold” rating and set a $190.00 price target on shares of Waters in a report on Friday, November 3rd. Bank of America boosted their price target on Waters from $192.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Zacks Investment Research downgraded Waters from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Citigroup restated a “neutral” rating and set a $180.00 price target on shares of Waters in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $193.62.

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About Waters

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans.

Insider Buying and Selling by Quarter for Waters (NYSE:WAT)

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