Waters Co. (NYSE:WAT) Shares Sold by Absher Wealth Management LLC

Absher Wealth Management LLC reduced its holdings in Waters Co. (NYSE:WAT) by 28.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,052 shares of the medical instruments supplier’s stock after selling 835 shares during the quarter. Absher Wealth Management LLC’s holdings in Waters were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WAT. Kennebec Savings Bank purchased a new stake in Waters during the third quarter valued at about $33,000. Fortitude Family Office LLC lifted its holdings in Waters by 235.7% in the fourth quarter. Fortitude Family Office LLC now owns 94 shares of the medical instruments supplier’s stock worth $35,000 after acquiring an additional 66 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Waters in the 3rd quarter worth about $35,000. R Squared Ltd acquired a new stake in shares of Waters in the fourth quarter valued at approximately $63,000. Finally, Itau Unibanco Holding S.A. grew its stake in shares of Waters by 63.2% in the third quarter. Itau Unibanco Holding S.A. now owns 186 shares of the medical instruments supplier’s stock worth $67,000 after purchasing an additional 72 shares in the last quarter. 94.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WAT has been the topic of a number of recent research reports. Sanford C. Bernstein upgraded Waters from a “market perform” rating to an “outperform” rating and set a $430.00 target price on the stock in a report on Friday, January 10th. TD Cowen lifted their target price on shares of Waters from $363.00 to $410.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Stifel Nicolaus raised their price objective on shares of Waters from $332.00 to $360.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company increased their target price on Waters from $380.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Waters from $310.00 to $325.00 and gave the company a “hold” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $384.71.

Waters Stock Up 0.8 %

Shares of WAT stock opened at $413.58 on Thursday. The firm has a fifty day moving average of $388.59 and a 200-day moving average of $360.54. Waters Co. has a 12-month low of $279.24 and a 12-month high of $423.56. The company has a market capitalization of $24.56 billion, a price-to-earnings ratio of 39.46, a P/E/G ratio of 7.45 and a beta of 1.01. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 1.14.

Waters Profile

Waters Corporation 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.