E. Ohman J or Asset Management AB Acquires 470 Shares of Waters Co. (NYSE:WAT)

E. Ohman J or Asset Management AB increased its position in Waters Co. (NYSE:WAT) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,834 shares of the medical instruments supplier’s stock after purchasing an additional 470 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Waters were worth $1,051,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kennebec Savings Bank bought a new stake in shares of Waters in the 3rd quarter valued at about $33,000. Ashton Thomas Securities LLC bought a new stake in shares of Waters in the 3rd quarter valued at about $35,000. Fortitude Family Office LLC raised its holdings in shares of Waters by 235.7% in the 4th quarter. Fortitude Family Office LLC now owns 94 shares of the medical instruments supplier’s stock valued at $35,000 after purchasing an additional 66 shares during the period. R Squared Ltd bought a new stake in shares of Waters in the 4th quarter valued at about $63,000. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of Waters by 63.2% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 186 shares of the medical instruments supplier’s stock valued at $67,000 after purchasing an additional 72 shares during the period. 94.01% of the stock is owned by institutional investors.

Waters Stock Performance

NYSE WAT opened at $413.58 on Thursday. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $24.56 billion, a price-to-earnings ratio of 39.46, a P/E/G ratio of 7.45 and a beta of 1.01. The firm’s 50 day simple moving average is $388.59 and its 200 day simple moving average is $360.54. Waters Co. has a 1 year low of $279.24 and a 1 year high of $423.56.

Analysts Set New Price Targets

A number of brokerages recently commented on WAT. TD Cowen upped their price target on shares of Waters from $363.00 to $410.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Stifel Nicolaus upped their price target on shares of Waters from $332.00 to $360.00 and gave the company a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price target on shares of Waters from $340.00 to $380.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Waters from $310.00 to $325.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Sanford C. Bernstein upgraded shares of Waters from a “market perform” rating to an “outperform” rating and set a $430.00 price target on the stock in a research note on Friday, January 10th. One equities 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.