Waters Corporation (NYSE:WAT) Director William J. Miller sold 3,500 shares of Waters stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $194.94, for a total transaction of $682,290.00. Following the completion of the sale, the director now owns 25,849 shares in the company, valued at $5,039,004.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Waters Corporation (WAT) traded up $2.82 during trading hours on Friday, hitting $199.29. 329,600 shares of the company traded hands, compared to its average volume of 513,724. Waters Corporation has a twelve month low of $133.71 and a twelve month high of $201.95. The company has a quick ratio of 5.71, a current ratio of 6.16 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $15,830.00, a PE ratio of 27.11, a PEG ratio of 2.83 and a beta of 0.82.
Waters (NYSE:WAT) last released its earnings results on Tuesday, October 24th. The medical instruments supplier reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.03. Waters had a net margin of 24.34% and a return on equity of 23.61%. The business had revenue of $565.58 million during the quarter, compared to analysts’ expectations of $555.25 million. During the same period last year, the business earned $1.57 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. research analysts predict that Waters Corporation will post 7.42 EPS for the current year.
A number of analysts have recently issued reports on WAT shares. BidaskClub upgraded shares of Waters from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Jefferies Group reiterated a “hold” rating and issued a $175.00 price objective on shares of Waters in a report on Thursday, August 31st. Goldman Sachs Group started coverage on shares of Waters in a report on Tuesday, September 26th. They issued a “hold” rating and a $180.00 price objective on the stock. Morgan Stanley reiterated an “underweight” rating and issued a $192.00 price objective (up from $183.00) on shares of Waters in a report on Friday, October 6th. Finally, Cleveland Research downgraded shares of Waters from a “buy” rating to a “neutral” rating in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $193.62.
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.
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