Dupont Capital Management Corp Sells 1,867 Shares of Waters Co. (NYSE:WAT)

Dupont Capital Management Corp cut its stake in shares of Waters Co. (NYSE:WAT) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 37,736 shares of the medical instruments supplier’s stock after selling 1,867 shares during the period. Dupont Capital Management Corp’s holdings in Waters were worth $8,424,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. First Trust Advisors LP bought a new stake in shares of Waters during the 1st quarter worth $1,744,000. WINTON GROUP Ltd raised its stake in Waters by 3.0% in the 2nd quarter. WINTON GROUP Ltd now owns 121,999 shares of the medical instruments supplier’s stock valued at $26,259,000 after acquiring an additional 3,586 shares during the period. Crossmark Global Holdings Inc. raised its stake in Waters by 7.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,397 shares of the medical instruments supplier’s stock valued at $1,592,000 after acquiring an additional 536 shares during the period. Zions Bancorporation N.A. raised its stake in Waters by 5.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 1,611 shares of the medical instruments supplier’s stock valued at $347,000 after acquiring an additional 76 shares during the period. Finally, Douglass Winthrop Advisors LLC raised its stake in Waters by 194.5% in the 2nd quarter. Douglass Winthrop Advisors LLC now owns 3,614 shares of the medical instruments supplier’s stock valued at $778,000 after acquiring an additional 2,387 shares during the period. Institutional investors and hedge funds own 95.01% of the company’s stock.

WAT stock traded up $2.00 during mid-day trading on Monday, reaching $220.11. 654,257 shares of the company traded hands, compared to its average volume of 598,540. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.65 and a quick ratio of 2.07. The company has a market capitalization of $14.41 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.43 and a beta of 1.07. Waters Co. has a 52-week low of $173.41 and a 52-week high of $255.21. The company has a fifty day moving average price of $221.05 and a 200-day moving average price of $216.33.

Waters (NYSE:WAT) last issued its quarterly earnings data on Tuesday, July 30th. The medical instruments supplier reported $2.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.03. Waters had a return on equity of 50.64% and a net margin of 24.09%. The company had revenue of $599.20 million during the quarter, compared to analyst estimates of $601.46 million. During the same quarter in the previous year, the firm earned $1.95 earnings per share. Waters’s revenue was up .5% on a year-over-year basis. As a group, analysts forecast that Waters Co. will post 9.01 EPS for the current year.

A number of equities research analysts recently issued reports on WAT shares. ValuEngine cut Waters from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Bank of America lowered Waters from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 16th. Finally, Barclays lowered Waters from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $210.00 to $195.00 in a report on Wednesday, October 9th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Waters has an average rating of “Hold” and an average target price of $208.60.

Waters Profile

Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.

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Institutional Ownership by Quarter for Waters (NYSE:WAT)

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