TD Asset Management Inc Has $71.76 Million Stock Position in Waters Co. (NYSE:WAT)

TD Asset Management Inc cut its stake in shares of Waters Co. (NYSE:WAT) by 44.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 247,343 shares of the medical instruments supplier’s stock after selling 196,150 shares during the period. TD Asset Management Inc owned 0.42% of Waters worth $71,759,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in shares of Waters by 10,634.8% during the 4th quarter. International Assets Investment Management LLC now owns 4,938 shares of the medical instruments supplier’s stock worth $1,626,000 after purchasing an additional 4,892 shares during the last quarter. Truist Financial Corp raised its stake in Waters by 23.1% in the fourth quarter. Truist Financial Corp now owns 4,505 shares of the medical instruments supplier’s stock valued at $1,483,000 after buying an additional 845 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Waters by 262.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 724 shares of the medical instruments supplier’s stock valued at $239,000 after buying an additional 524 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Waters by 274.3% during the 4th quarter. National Bank of Canada FI now owns 16,275 shares of the medical instruments supplier’s stock worth $5,348,000 after acquiring an additional 11,927 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Waters during the 4th quarter worth approximately $212,000. 94.01% of the stock is currently owned by institutional investors.

Waters Stock Down 0.7 %

WAT stock opened at $328.88 on Friday. Waters Co. has a 52 week low of $231.90 and a 52 week high of $367.21. The business has a 50-day simple moving average of $321.45 and a 200 day simple moving average of $324.82. The company has a quick ratio of 1.42, a current ratio of 2.10 and a debt-to-equity ratio of 1.42. The company has a market cap of $19.52 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 5.75 and a beta of 0.95.

Waters (NYSE:WAT) last released its earnings results on Wednesday, July 31st. The medical instruments supplier reported $2.63 EPS for the quarter, beating the consensus estimate of $2.55 by $0.08. Waters had a net margin of 20.71% and a return on equity of 56.81%. The firm had revenue of $709.00 million for the quarter, compared to analyst estimates of $700.09 million. During the same period last year, the firm earned $2.80 EPS. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. Sell-side analysts anticipate that Waters Co. will post 11.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Leerink Partners raised Waters from a “market perform” rating to an “outperform” rating and raised their price target for the company from $325.00 to $375.00 in a report on Thursday, August 1st. Leerink Partnrs raised shares of Waters from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 1st. Evercore ISI lowered their price target on shares of Waters from $320.00 to $300.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Wells Fargo & Company assumed coverage on Waters in a report on Tuesday, August 27th. They set an “overweight” rating and a $380.00 price objective for the company. Finally, TD Cowen upped their target price on Waters from $325.00 to $363.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $318.50.

About Waters

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.