Insider Selling: Waters Corp. Director Unloads 2,900 Shares of Stock (WAT)
Waters Corp. (NYSE:WAT) Director Laurie H. M.D. Glimcher sold 2,900 shares of the company’s stock on the open market in a transaction dated Thursday, February 13th. The shares were sold at an average price of $112.00, for a total transaction of $324,800.00. Following the sale, the director now directly owns 9,500 shares of the company’s stock, valued at approximately $1,064,000. The sale was disclosed in a document filed with the SEC, which is available at this link.
WAT has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Waters Corp. from $112.00 to $118.00 in a research note on Wednesday, January 29th. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG reiterated a “neutral” rating on shares of Waters Corp. in a research note on Wednesday, January 29th. They now have a $110.00 price target on the stock, up previously from $101.00. Finally, analysts at Maxim Group raised their price target on shares of Waters Corp. from $129.00 to $135.00 in a research note on Wednesday, January 29th. They now have a “buy” rating on the stock. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $111.95.
Waters Corp. (NYSE:WAT) opened at 112.48 on Tuesday. Waters Corp. has a 52-week low of $87.85 and a 52-week high of $112.68. The stock’s 50-day moving average is $104. and its 200-day moving average is $102.3. The company has a market cap of $9.561 billion and a P/E ratio of 21.63.
Waters Corp. (NYSE:WAT) last announced its earnings results on Tuesday, January 28th. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.61 by $0.09. The company had revenue of $565.00 million for the quarter, compared to the consensus estimate of $535.58 million. During the same quarter last year, the company posted $1.59 earnings per share. Waters Corp.’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Waters Corp. will post $5.47 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.