The Swiss National Bank Has $44.64 Million Position in Waters Co. (WAT)

The Swiss National Bank Has $44.64 Million Position in Waters Co. (WAT)

Several other hedge funds and other institutional investors have also made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Waters during the fourth quarter valued at $108,856,000. Janus Capital Management LLC boosted its position in Waters by 44.7% in the fourth quarter. Janus Capital Management LLC now owns 1,953,251 shares of the medical instruments supplier’s stock valued at $262,498,000 after buying an additional 603,015 shares during the period. Norges Bank bought a new position in Waters during the fourth quarter valued at $78,206,000. Mondrian Investment Partners LTD bought a new position in Waters during the first quarter valued at $81,480,000. Finally, Russell Investments Group Ltd. bought a new position in Waters during the fourth quarter valued at $46,651,000. 92.53% of the stock is currently owned by institutional investors and hedge funds.

Swiss National Bank raised its stake in Waters Co. (NYSE:WAT) by 27.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,559 shares of the medical instruments supplier’s stock after buying an additional 61,300 shares during the period. Swiss National Bank owned about 0.36% of Waters worth $44,636,000 at the end of the most recent quarter.

Waters Co. (WAT) opened at 183.96 on Monday. Waters Co. has a 12-month low of $131.35 and a 12-month high of $184.57. The company has a market capitalization of $14.72 billion, a PE ratio of 27.97 and a beta of 0.83. The firm has a 50-day moving average of $172.14 and a 200 day moving average of $152.54.

WAT has been the subject of several recent research reports. Janney Montgomery Scott upgraded shares of Waters from a “neutral” rating to a “buy” rating and upped their target price for the company from $185.00 to $200.00 in a research report on Monday, May 1st. Deutsche Bank AG restated a “buy” rating and issued a $183.00 price objective (up previously from $166.00) on shares of Waters in a research report on Saturday, April 29th. Cowen and Company upped their price objective on shares of Waters from $160.00 to $175.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Jefferies Group LLC upped their price objective on shares of Waters from $147.00 to $150.00 and gave the company a “hold” rating in a research report on Friday, March 3rd. Finally, Zacks Investment Research upgraded shares of Waters from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $168.91. In other Waters news, SVP Michael C. Harrington sold 24,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $175.33, for a total transaction of $4,207,920.00. Following the completion of the sale, the senior vice president now directly owns 28,073 shares in the company, valued at approximately $4,922,039.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael F. Silveira sold 620 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $172.27, for a total transaction of $106,807.40. Following the sale, the vice president now owns 1,688 shares of the company’s stock, valued at $290,791.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,660 shares of company stock valued at $22,405,085. 5.45% of the stock is owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WAT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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