Waters Co. (NYSE:WAT) Shares Sold by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA trimmed its position in Waters Co. (NYSE:WAT) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,612 shares of the medical instruments supplier’s stock after selling 190 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Waters were worth $3,566,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WAT. Advisory Alpha LLC lifted its stake in shares of Waters by 2.6% in the fourth quarter. Advisory Alpha LLC now owns 1,065 shares of the medical instruments supplier’s stock valued at $395,000 after buying an additional 27 shares during the period. Summit Trail Advisors LLC increased its holdings in shares of Waters by 2.4% in the third quarter. Summit Trail Advisors LLC now owns 1,198 shares of the medical instruments supplier’s stock valued at $431,000 after purchasing an additional 28 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Waters by 3.0% in the fourth quarter. Empowered Funds LLC now owns 966 shares of the medical instruments supplier’s stock valued at $358,000 after purchasing an additional 28 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in Waters by 0.3% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 9,610 shares of the medical instruments supplier’s stock worth $3,565,000 after acquiring an additional 30 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Waters by 3.8% during the third quarter. OneDigital Investment Advisors LLC now owns 851 shares of the medical instruments supplier’s stock worth $306,000 after purchasing an additional 31 shares in the last quarter. 94.01% of the stock is currently owned by institutional investors and hedge funds.

Waters Trading Up 1.1 %

Shares of NYSE WAT opened at $377.22 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.65 and a current ratio of 0.94. Waters Co. has a 52-week low of $279.24 and a 52-week high of $423.56. The firm has a 50 day moving average price of $390.04 and a two-hundred day moving average price of $367.30. The stock has a market cap of $22.40 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 3.79 and a beta of 1.01.

Waters (NYSE:WAT) last posted its quarterly earnings results on Wednesday, February 12th. The medical instruments supplier reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.08. Waters had a net margin of 21.56% and a return on equity of 46.31%. As a group, equities analysts forecast that Waters Co. will post 12.86 EPS for the current year.

Wall Street Analyst Weigh In

WAT has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Waters from $415.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. TD Cowen boosted their price objective on shares of Waters from $363.00 to $410.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Sanford C. Bernstein upgraded shares of Waters from a “market perform” rating to an “outperform” rating and set a $430.00 price objective on the stock in a research note on Friday, January 10th. StockNews.com lowered shares of Waters from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Waters from $310.00 to $325.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Eleven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $390.40.

Waters Company 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.