Today’s Stock On Watch: Waters Corp (NYSE:WAT) Institutional Investors 2016 Q2 Sentiment

November 28, 2016 - By Vivian Park   ·   0 Comments

Today's Stock On Watch: Waters Corp (NYSE:WAT) Institutional Investors  2016 Q2 Sentiment

Sentiment for Waters Corp (NYSE:WAT)

Waters Corp (NYSE:WAT) institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.11, from 1.09 in 2016Q1. The ratio has improved, as 201 active investment managers opened new and increased stock positions, while 184 sold and reduced stock positions in Waters Corp. The active investment managers in our partner’s database now own: 73.18 million shares, down from 77.08 million shares in 2016Q1. Also, the number of active investment managers holding Waters Corp in their top 10 stock positions increased from 8 to 10 for an increase of 2. Sold All: 29 Reduced: 155 Increased: 155 New Position: 46.

Waters Corporation is an analytical instrument manufacturer. The company has a market cap of $11.05 billion. The Firm designs, makes, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. It has a 30.06 P/E ratio. The Firm operates through two divisions: Waters Division and TA Division.

About 184,258 shares traded hands. Waters Corporation (NYSE:WAT) has risen 0.84% since April 25, 2016 and is uptrending. It has underperformed by 5.18% the S&P500.

Analysts await Waters Corporation (NYSE:WAT) to report earnings on January, 24. They expect $2.14 earnings per share, up 9.18% or $0.18 from last year’s $1.96 per share. WAT’s profit will be $172.88 million for 15.98 P/E if the $2.14 EPS becomes a reality. After $1.57 actual earnings per share reported by Waters Corporation for the previous quarter, Wall Street now forecasts 36.31% EPS growth.

According to Zacks Investment Research, “Waters Corporation is a holding company which owns only and all of the outstanding common stock of Waters Technologies Corporation, the operating subsidiary. It operates in the analytical instrument industry, with manufacturing and distribution expertise in three complementary technologies: high performance liquid chromatography instruments, chromatography columns and other consumables, and related service; mass spectrometry instruments that can be integrated and used along with other analytical instruments; and thermal analysis and rheology instruments.”

Fundsmith Llp holds 5.64% of its portfolio in Waters Corporation for 2.44 million shares. Robecosam Usa Inc. owns 31,853 shares or 5.58% of their US portfolio. Moreover, Bares Capital Management Inc. has 5.47% invested in the company for 546,180 shares. The United Kingdom-based Veritas Investment Management Llp has invested 4.16% in the stock. Generation Investment Management Llp, a United Kingdom-based fund reported 2.52 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 13 insider sales for $64.03 million net activity.

Waters Corporation (NYSE:WAT) Ratings Coverage

Ratings analysis reveals 27% of Waters Corporation’s analysts are positive. Out of 11 Wall Street analysts rating Waters Corporation, 3 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $123 while the high is $170. The stock’s average target of $141.55 is 3.49% above today’s ($136.78) share price. WAT was included in 22 notes of analysts from July 29, 2015. Zacks upgraded the stock to “Hold” rating in Wednesday, August 26 report. The firm has “Neutral” rating given on Wednesday, July 27 by Citigroup. The firm has “Buy” rating by Bank of America given on Thursday, September 10. The firm has “Buy” rating by Zacks given on Monday, August 24. Mizuho maintained it with “Neutral” rating and $125 target price in Wednesday, July 29 report. The firm has “Buy” rating given on Thursday, August 27 by Cantor Fitzgerald. The firm has “Outperform” rating given on Thursday, November 10 by Leerink Swann. The rating was initiated by Deutsche Bank with “Hold” on Thursday, January 7. Barclays Capital maintained Waters Corporation (NYSE:WAT) on Wednesday, July 27 with “Equalweight” rating. Leerink Swann maintained it with “Market Perform” rating and $137 target price in Wednesday, October 28 report.

WAT Company Profile

Waters Corporation (Waters), incorporated on December 6, 1991, is an analytical instrument manufacturer. The Firm designs, makes, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Firm operates through two divisions: Waters Division and TA Division. Waters Division’s services and products primarily consist of high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC), mass spectrometry (MS) and chemistry consumable products and related services. TA Division’s services and products primarily consist of thermal analysis, rheometry and calorimetry instrument systems and service sales. The Company’s products are used by pharmaceutical, life science, biochemical, industrial, nutritional safety, environmental, academic and governmental clients working in research and development, quality assurance and other laboratory applications.

Another recent and important Waters Corporation (NYSE:WAT) news was published by Fool.com which published an article titled: “Why Waters Corporation Reported Lower Today” on October 25, 2016.

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By Vivian Park

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