Waters Corporation (WAT) Holding Held by Parsons Capital Management Inc. RI

Waters Corporation (WAT) Holding Held by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI maintained its position in shares of Waters Corporation (NYSE:WAT) during the third quarter, Holdings Channel reports. The firm owned 11,225 shares of the company’s stock at the end of the third quarter. Parsons Capital Management Inc. RI’s holdings in Waters Corporation were worth $1,779,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WAT. Glenmede Trust Co. NA increased its position in shares of Waters Corporation by 4.3% in the second quarter. Glenmede Trust Co. NA now owns 497,761 shares of the company’s stock worth $70,009,000 after buying an additional 20,737 shares in the last quarter. Nuance Investments LLC increased its position in shares of Waters Corporation by 131.0% in the second quarter. Nuance Investments LLC now owns 21,272 shares of the company’s stock worth $2,992,000 after buying an additional 12,062 shares during the period. Mcdonald Capital Investors Inc. CA increased its position in shares of Waters Corporation by 0.3% in the second quarter. Mcdonald Capital Investors Inc. CA now owns 158,023 shares of the company’s stock worth $22,226,000 after buying an additional 525 shares during the period. TradeLink Capital LLC acquired a new position in shares of Waters Corporation during the second quarter worth about $203,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Waters Corporation by 22.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,028 shares of the company’s stock worth $7,318,000 after buying an additional 9,675 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Waters Corporation (NYSE:WAT) traded up 1.99% during mid-day trading on Wednesday, reaching $144.47. The company’s stock had a trading volume of 243,744 shares. The company has a market capitalization of $11.61 billion, a PE ratio of 22.54 and a beta of 0.91. Waters Corporation has a 1-year low of $112.00 and a 1-year high of $162.53. The firm has a 50 day moving average price of $138.94 and a 200-day moving average price of $147.83.

Waters Corporation (NYSE:WAT) last released its quarterly earnings data on Tuesday, January 24th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.08. Waters Corporation had a return on equity of 24.47% and a net margin of 24.06%. The business earned $629 million during the quarter, compared to analyst estimates of $616.85 million. During the same quarter in the previous year, the firm posted $1.96 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts predict that Waters Corporation will post $7.01 EPS for the current fiscal year.

A number of brokerages recently issued reports on WAT. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $170.00 price target on shares of Waters Corporation in a report on Tuesday, October 25th. Zacks Investment Research downgraded Waters Corporation from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Leerink Swann reaffirmed an “outperform” rating and issued a $163.00 price target on shares of Waters Corporation in a report on Thursday, November 10th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $160.00 price target on shares of Waters Corporation in a report on Wednesday, January 18th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $148.00 price target on shares of Waters Corporation in a report on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Waters Corporation currently has an average rating of “Hold” and an average price target of $153.73.

About Waters Corporation

Waters Corporation is an analytical instrument manufacturer. The Company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company operates through two segments: Waters Division and TA Division.

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