Caledonia Investments PLC Acquires Shares of 90,000 Waters Co. (WAT)

Caledonia Investments PLC acquired a new stake in Waters Co. (NYSE:WAT) during the first quarter, Holdings Channel reports. The firm acquired 90,000 shares of the company’s stock, valued at approximately $14,068,000. Waters accounts for about 4.0% of Caledonia Investments PLC’s investment portfolio, making the stock its 10th largest position. Caledonia Investments PLC owned 0.11% of Waters at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WAT. Creative Planning raised its position in Waters by 1.6% in the first quarter. Creative Planning now owns 744 shares of the company’s stock valued at $116,000 after buying an additional 12 shares during the last quarter. Quadrant Capital Group LLC raised its position in Waters by 4.4% in the first quarter. Quadrant Capital Group LLC now owns 822 shares of the company’s stock valued at $124,000 after buying an additional 35 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new position in Waters during the third quarter valued at about $139,000. Advisor Group Inc. raised its position in Waters by 1.0% in the third quarter. Advisor Group Inc. now owns 956 shares of the company’s stock valued at $131,000 after buying an additional 9 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Waters by 7.2% in the fourth quarter. Van ECK Associates Corp now owns 1,051 shares of the company’s stock valued at $141,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 92.53% of the company’s stock.

Institutional Ownership by Quarter for Waters (NYSE:WAT)

Shares of Waters Co. (NYSE:WAT) traded up 0.37% during midday trading on Thursday, hitting $155.69. 317,567 shares of the company traded hands. The company has a 50-day moving average price of $155.64 and a 200-day moving average price of $147.01. Waters Co. has a 52 week low of $128.90 and a 52 week high of $162.53. The stock has a market capitalization of $12.47 billion, a P/E ratio of 24.29 and a beta of 0.83.

Waters (NYSE:WAT) last issued its earnings results on Tuesday, January 24th. The company reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.08. The business had revenue of $629 million for the quarter, compared to the consensus estimate of $616.85 million. Waters had a net margin of 24.06% and a return on equity of 24.47%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 EPS. Analysts anticipate that Waters Co. will post $7.02 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on WAT. Jefferies Group LLC lifted their target price on shares of Waters from $147.00 to $150.00 and gave the company a “hold” rating in a report on Friday, March 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $170.00 target price on shares of Waters in a report on Friday, March 3rd. Evercore ISI lowered shares of Waters from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Zacks Investment Research upgraded shares of Waters from a “sell” rating to a “hold” rating in a report on Thursday, January 26th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $160.00 target price on shares of Waters in a report on Wednesday, January 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Waters presently has a consensus rating of “Hold” and an average target price of $157.67.

In other Waters news, SVP Mark T. Beaudouin sold 46,000 shares of the company’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $145.61, for a total value of $6,698,060.00. Following the transaction, the senior vice president now directly owns 16,698 shares in the company, valued at approximately $2,431,395.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rohit Khanna sold 1,078 shares of the company’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $153.50, for a total transaction of $165,473.00. Following the completion of the transaction, the senior vice president now owns 4,077 shares in the company, valued at $625,819.50. The disclosure for this sale can be found here. Insiders sold a total of 74,418 shares of company stock worth $10,915,868 over the last 90 days. Insiders own 5.45% of the company’s stock.

About Waters

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.

5 Day Chart for NYSE:WAT

Want to see what other hedge funds are holding WAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waters Co. (NYSE:WAT).

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