Insider Selling: Thomas Salice Unloads 4,000 Shares of Waters Corp. Stock (WAT)
Waters Corp. (NYSE:WAT) Director Thomas Salice sold 4,000 shares of Waters Corp. stock on the open market in a transaction dated Thursday, October 24th. The shares were sold at an average price of $100.98, for a total transaction of $403,920.00. Following the sale, the director now directly owns 45,509 shares of the company’s stock, valued at approximately $4,595,499. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Waters Corp. (NYSE:WAT) traded up 0.25% on Monday, hitting $102.24. The stock had a trading volume of 422,157 shares. Waters Corp. has a 52-week low of $77.45 and a 52-week high of $106.00. The stock has a 50-day moving average of $101.2 and a 200-day moving average of $97.69. The company has a market cap of $8.709 billion and a P/E ratio of 18.28.
Waters Corp. (NYSE:WAT) last released its earnings data on Tuesday, October 22nd. The company reported $1.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.22 by $0.03. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $463.99 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Waters Corp. will post $4.95 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Merrill Lynch downgraded shares of Waters Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at Jefferies Group raised their price target on shares of Waters Corp. from $90.00 to $94.00 in a research note to investors on Wednesday, October 23rd. They now have a “hold” rating on the stock. Finally, analysts at Bank of America Corp. downgraded shares of Waters Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. They now have a $105.00 price target on the stock, down previously from $113.00. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $102.35.
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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