Waters Co. (NYSE:WAT) Holdings Trimmed by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lowered its holdings in Waters Co. (NYSE:WAT) by 2.3% in the third quarter, Holdings Channel.com reports. The firm owned 1,808 shares of the medical instruments supplier’s stock after selling 42 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Waters were worth $651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WAT. Kennebec Savings Bank purchased a new stake in Waters in the 3rd quarter worth about $33,000. Ashton Thomas Securities LLC acquired a new stake in shares of Waters during the third quarter worth approximately $35,000. Itau Unibanco Holding S.A. purchased a new position in Waters during the second quarter valued at approximately $33,000. Blue Trust Inc. increased its stake in Waters by 190.2% in the 2nd quarter. Blue Trust Inc. now owns 119 shares of the medical instruments supplier’s stock valued at $35,000 after buying an additional 78 shares during the period. Finally, TFC Financial Management Inc. lifted its position in Waters by 19,900.0% in the 2nd quarter. TFC Financial Management Inc. now owns 200 shares of the medical instruments supplier’s stock worth $58,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.

Waters Stock Performance

Shares of NYSE WAT opened at $358.46 on Friday. Waters Co. has a 12 month low of $258.89 and a 12 month high of $393.38. The company has a market cap of $21.28 billion, a P/E ratio of 34.20, a P/E/G ratio of 6.89 and a beta of 0.97. The business’s 50 day moving average is $350.75 and its two-hundred day moving average is $330.58. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 1.14.

Waters (NYSE:WAT) last announced its earnings results on Friday, November 1st. The medical instruments supplier reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.25. Waters had a net margin of 21.43% and a return on equity of 49.93%. The business had revenue of $740.30 million for the quarter, compared to analyst estimates of $712.99 million. During the same quarter in the previous year, the firm posted $2.84 earnings per share. Waters’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Waters Co. will post 11.79 EPS for the current year.

Analysts Set New Price Targets

WAT has been the topic of a number of research reports. TD Cowen upped their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on Waters from $310.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Evercore ISI lifted their target price on shares of Waters from $335.00 to $355.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Wells Fargo & Company raised their price target on shares of Waters from $380.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus upped their price objective on shares of Waters from $332.00 to $360.00 and gave the stock a “hold” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $365.85.

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.