Waters Corp. VP Sells $3,335,421 in Stock (WAT)
Waters Corp. (NYSE:WAT) VP Mark Beaudouin sold 32,697 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $102.01, for a total value of $3,335,420.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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, October 24th. 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 assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $102.35.
Shares of Waters Corp. (NYSE:WAT) traded up 0.01% during mid-day trading on Tuesday, hitting $102.25. The stock had a trading volume of 102,184 shares. Waters Corp. has a 52 week low of $77.45 and a 52 week high of $106.00. The stock’s 50-day moving average is $101.2 and its 200-day moving average is $97.69. The company has a market cap of $8.710 billion and a P/E ratio of 18.32.
Waters Corp. (NYSE:WAT) last posted its quarterly earnings results 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.
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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