Waters Corp. Director Sells $103,930 in Stock (WAT)
Waters Corp. (NYSE:WAT) Director Michael Berendt sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $103.93, for a total transaction of $103,930.00. Following the completion of the sale, the director now directly owns 16,500 shares in the company. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
WAT has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of Waters Corp. (NYSE:WAT) in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Waters Corp. (NYSE:WAT) in a research note to investors on Monday, July 29th. They now have a $105.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Waters Corp. (NYSE:WAT) from $95.00 to $101.00 in a research note to investors on Wednesday, July 24th. They now have a “neutral” rating on the stock.
Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $101.38.
Waters Corp. (NYSE:WAT) traded down 0.16% during mid-day trading on Friday, hitting $104.24. The stock had a trading volume of 183,526 shares. Waters Corp. has a 52-week low of $78.33 and a 52-week high of $106.00. The stock’s 50-day moving average is $101.1 and its 200-day moving average is $97.59. The company has a market cap of $8.883 billion and a price-to-earnings ratio of 18.83.
Waters Corp. (NYSE:WAT) last announced its earnings results on Tuesday, July 23rd. The company reported $1.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.21 by $0.13. The company had revenue of $451.00 million for the quarter, compared to the consensus estimate of $465.90 million. During the same quarter last year, the company posted $1.17 earnings per share. Waters Corp.’s revenue was up .0% compared to the same quarter last year. Analysts expect that Waters Corp. will post $5.05 EPS for the current fiscal year.
Waters Corporation (NYSE:WAT) is an analytical instrument manufacturer that primarily designs, manufactures, sells and services, through its Waters Division, 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.
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