Waters Corporation (WAT) Stock Price Hits 52-Week High Today

January 22, 2018 - By Vivian Park

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.09, from 1.08 in 2017Q2. It worsened, as 36 investors sold Waters Corporation shares while 163 reduced holdings. 48 funds opened positions while 150 raised stakes. 73.71 million shares or 3.26% more from 71.38 million shares in 2017Q2 were reported.
Chevy Chase Trust Inc invested 0.06% in Waters Corporation (NYSE:WAT). Wells Fargo Mn stated it has 220,646 shares. Td Asset Management Incorporated stated it has 0.01% in Waters Corporation (NYSE:WAT). Schroder Inv Mngmt Group holds 110,770 shares. Hanson Mcclain stated it has 125 shares. Pnc Fincl Ser Group owns 12,439 shares. Stevens Management Ltd Partnership holds 0.32% of its portfolio in Waters Corporation (NYSE:WAT) for 47,482 shares. Stock Yards Financial Bank And Trust holds 0.07% of its portfolio in Waters Corporation (NYSE:WAT) for 3,175 shares. Primecap Management Co Ca accumulated 344,687 shares. First Manhattan Co holds 0% or 711 shares in its portfolio. Lpl Financial owns 3,491 shares for 0% of their portfolio. Moreover, Huntington Savings Bank has 0% invested in Waters Corporation (NYSE:WAT) for 467 shares. Alps Advsr accumulated 2,476 shares. Baldwin Brothers Ma stated it has 6,160 shares. Middleton & Company Ma holds 0.14% or 4,420 shares in its portfolio.

Since August 8, 2017, it had 0 insider buys, and 6 insider sales for $23.37 million activity. Another trade for 3,500 shares valued at $628,845 was sold by KUEBLER CHRISTOPHER A. Shares for $4.94M were sold by Kelly Terrence P on Wednesday, December 13. Another trade for 23,863 shares valued at $4.71M was made by Cassis Eugene G on Wednesday, December 13. 21,997 Waters Corporation (NYSE:WAT) shares with value of $4.34M were sold by TERRICCIANO DAVID.

The stock of Waters Corporation (NYSE:WAT) hit a new 52-week high and has $233.47 target or 9.00 % above today’s $214.19 share price. The 8 months bullish chart indicates low risk for the $17.04B company. The 1-year high was reported on Jan, 22 by Barchart.com. If the $233.47 price target is reached, the company will be worth $1.53B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.65% or $3.47 during the last trading session, reaching $214.19. About 933,255 shares traded or 112.65% up from the average. Waters Corporation (NYSE:WAT) has risen 30.08% since January 22, 2017 and is uptrending. It has outperformed by 13.38% the S&P500.

Analysts await Waters Corporation (NYSE:WAT) to report earnings on January, 23. They expect $2.44 earnings per share, up 10.41 % or $0.23 from last year’s $2.21 per share. WAT’s profit will be $194.06 million for 21.95 P/E if the $2.44 EPS becomes a reality. After $1.77 actual earnings per share reported by Waters Corporation for the previous quarter, Wall Street now forecasts 37.85 % EPS growth.

Waters Corporation (NYSE:WAT) Ratings Coverage

Among 17 analysts covering Waters Corporation (NYSE:WAT), 6 have Buy rating, 0 Sell and 11 Hold. Therefore 35% are positive. Waters Corporation had 49 analyst reports since July 29, 2015 according to SRatingsIntel. As per Tuesday, April 5, the company rating was downgraded by Bank of America. The company was maintained on Tuesday, June 6 by Jefferies. On Monday, August 14 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, July 26. Cowen & Co maintained it with “Hold” rating and $190.0 target in Wednesday, September 27 report. Cowen & Co maintained the shares of WAT in report on Wednesday, December 20 with “Hold” rating. As per Thursday, November 10, the company rating was reinitiated 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, October 25 with “Equal-Weight” rating. Morgan Stanley maintained the shares of WAT in report on Friday, October 6 with “Underweight” rating.

More news for Waters Corporation (NYSE:WAT) were recently published by: Zacks.com, which released: “What’s in the Offing for Waters Corp (WAT) in Q4 Earnings?” on January 19, 2018. Businesswire.com‘s article titled: “Waters and Malvern Panalytical Collaborate to Improve Polymer Characterization” and published on January 16, 2018 is yet another important article.

Waters Corporation operates as an analytical instrument maker in the United States and internationally. The company has market cap of $17.04 billion. It operates through two divisions, Waters and TA. It has a 31.56 P/E ratio. It designs, makes, sells, and services high performance liquid chromatography, ultra performance liquid chromatography, and mass spectrometry technology systems and support products, including chromatography columns, other consumable products, and comprehensive post-warranty service plans.

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