Waters Corp. VP Mark T. Beaudouin Unloads 66,000 Shares (WAT)
Waters Corp. (NYSE:WAT) VP Mark T. Beaudouin sold 66,000 shares of the company’s stock on the open market in a transaction dated Friday, February 14th. The stock was sold at an average price of $112.58, for a total value of $7,430,280.00. Following the completion of the sale, the vice president now directly owns 10,080 shares of the company’s stock, valued at approximately $1,134,806. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Waters Corp. (NYSE:WAT) traded down 0.74% on Tuesday, hitting $111.65. The stock had a trading volume of 385,988 shares. Waters Corp. has a 1-year low of $87.85 and a 1-year 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 $9.491 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 earnings per share for the quarter, beating the analysts’ 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 in the previous year, the company posted $1.59 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Waters Corp. will post $5.47 earnings per share for the current fiscal year.
A number of research firms have recently commented on WAT. 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $111.95.
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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