Waters Corporation (NYSE:WAT) SVP Rohit Khanna sold 23,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $186.90, for a total transaction of $4,298,700.00. Following the sale, the senior vice president now directly owns 27,077 shares in the company, valued at $5,060,691.30. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Rohit Khanna also recently made the following trade(s):

  • On Friday, June 2nd, Rohit Khanna sold 10,000 shares of Waters Corporation stock. The stock was sold at an average price of $182.90, for a total transaction of $1,829,000.00.
  • On Thursday, May 18th, Rohit Khanna sold 10,000 shares of Waters Corporation stock. The stock was sold at an average price of $176.46, for a total transaction of $1,764,600.00.
  • On Monday, May 1st, Rohit Khanna sold 15,000 shares of Waters Corporation stock. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00.

Shares of Waters Corporation (WAT) traded down 1.711% during midday trading on Monday, hitting $181.825. 280,205 shares of the stock were exchanged. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 27.650 and a beta of 0.83. The firm’s 50 day moving average is $175.56 and its 200-day moving average is $154.23. Waters Corporation has a 1-year low of $131.35 and a 1-year high of $187.65.

Waters Corporation (NYSE:WAT) last released its quarterly earnings results on Tuesday, April 25th. The medical instruments supplier reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.13. Waters Corporation had a net margin of 24.34% and a return on equity of 24.30%. The company had revenue of $497.97 million for the quarter, compared to analyst estimates of $489.37 million. During the same period last year, the firm earned $1.26 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. On average, analysts predict that Waters Corporation will post $7.32 EPS for the current year.

Insider Buying and Selling by Quarter for Waters Corporation (NYSE:WAT)

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC raised its position in Waters Corporation by 12.2% in the first quarter. Clearbridge Investments LLC now owns 5,088 shares of the medical instruments supplier’s stock worth $795,000 after buying an additional 555 shares during the last quarter. Watermark Asset Management Inc. purchased a new position in Waters Corporation during the first quarter worth $106,000. Ballentine Partners LLC purchased a new position in Waters Corporation during the first quarter worth $222,000. HM Payson & Co. raised its position in Waters Corporation by 0.7% in the first quarter. HM Payson & Co. now owns 4,958 shares of the medical instruments supplier’s stock worth $775,000 after buying an additional 35 shares during the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in Waters Corporation during the first quarter worth $2,533,000. 92.34% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on WAT shares. Zacks Investment Research raised shares of Waters Corporation from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research report on Monday, April 24th. Evercore ISI cut shares of Waters Corporation from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Jefferies Group LLC boosted their price target on shares of Waters Corporation from $147.00 to $150.00 and gave the stock a “hold” rating in a research report on Friday, March 3rd. Cantor Fitzgerald reissued an “overweight” rating and set a $170.00 price target on shares of Waters Corporation in a research report on Friday, March 3rd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $183.00 price target (up from $166.00) on shares of Waters Corporation in a research report on Saturday, April 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Waters Corporation presently has an average rating of “Hold” and an average target price of $168.91.

Waters Corporation Company Profile

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services 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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