Investment Advisory Group LLC Has $644,000 Holdings in Waters Co. (NYSE:WAT)

Investment Advisory Group LLC decreased its position in shares of Waters Co. (NYSE:WAT) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,735 shares of the medical instruments supplier’s stock after selling 155 shares during the quarter. Investment Advisory Group LLC’s holdings in Waters were worth $644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WAT. State Street Corp boosted its stake in shares of Waters by 1.9% during the third quarter. State Street Corp now owns 2,577,733 shares of the medical instruments supplier’s stock valued at $927,700,000 after purchasing an additional 49,194 shares in the last quarter. Geode Capital Management LLC raised its holdings in Waters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,416,683 shares of the medical instruments supplier’s stock valued at $508,123,000 after buying an additional 16,703 shares during the last quarter. Janus Henderson Group PLC boosted its position in Waters by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 885,593 shares of the medical instruments supplier’s stock worth $318,717,000 after buying an additional 6,256 shares during the period. Van ECK Associates Corp grew its holdings in Waters by 1.0% during the 3rd quarter. Van ECK Associates Corp now owns 659,539 shares of the medical instruments supplier’s stock worth $219,811,000 after acquiring an additional 6,647 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Waters by 70.7% in the 3rd quarter. Principal Financial Group Inc. now owns 656,019 shares of the medical instruments supplier’s stock valued at $236,095,000 after acquiring an additional 271,804 shares during the period. Institutional investors own 94.01% of the company’s stock.

Waters Trading Up 2.4 %

NYSE:WAT opened at $413.63 on Wednesday. The firm has a fifty day simple moving average of $379.44 and a two-hundred day simple moving average of $352.34. Waters Co. has a 12 month low of $279.24 and a 12 month high of $416.24. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 7.07 and a beta of 1.01. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 1.14.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Waters from $400.00 to $430.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. JPMorgan Chase & Co. lifted their target price on Waters from $340.00 to $380.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Scotiabank initiated coverage on Waters in a research note on Monday, December 23rd. They issued a “sector perform” rating and a $430.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Waters from $310.00 to $325.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, Cfra set a $389.00 target price on shares of Waters in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $384.71.

Waters 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.