TD Asset Management Inc Has $77.50 Million Position in Waters Corporation $WAT

Key Points

• TD Asset Management Inc reduced its position in Waters Corporation by 4.0%, now owning approximately $77.50 million worth of shares, totaling 222,034 shares after selling 9,309 shares in the second quarter.
• Several other institutional investors have also changed their holdings, demonstrating significant interest in Waters Corporation, which is currently 94.01% owned by institutional investors and hedge funds.
• Analysts have mixed sentiments about Waters Corporation, with price targets ranging from $300 to $375, and a consensus rating of "Moderate Buy" from analysts.

TD Asset Management Inc decreased its position in shares of Waters Corporation (NYSE:WAT - Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 222,034 shares of the medical instruments supplier's stock after selling 9,309 shares during the quarter. TD Asset Management Inc owned approximately 0.37% of Waters worth $77,499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Olde Wealth Management LLC bought a new stake in shares of Waters during the first quarter worth $25,000. Zions Bancorporation National Association UT bought a new stake in Waters during the 1st quarter worth about $28,000. IFP Advisors Inc lifted its position in Waters by 118.9% during the 1st quarter. IFP Advisors Inc now owns 81 shares of the medical instruments supplier's stock valued at $30,000 after purchasing an additional 44 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Waters in the 1st quarter valued at about $41,000. Finally, Steph & Co. acquired a new stake in shares of Waters during the 2nd quarter worth approximately $73,000. 94.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WAT has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Waters from $300.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, October 9th. UBS Group reissued a "neutral" rating on shares of Waters in a research note on Tuesday, July 15th. Wells Fargo & Company reduced their price target on Waters from $330.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 5th. Bank of America upped their price objective on Waters from $370.00 to $375.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Finally, Wall Street Zen cut Waters from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, Waters has a consensus rating of "Moderate Buy" and an average target price of $377.56.

Waters Stock Down 0.1%

NYSE:WAT opened at $332.86 on Thursday. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 3.11 and a beta of 1.04. The company has a current ratio of 1.75, a quick ratio of 1.22 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $303.13 and a two-hundred day moving average price of $323.52. Waters Corporation has a 1 year low of $275.05 and a 1 year high of $423.56.

Waters (NYSE:WAT - Get Free Report) last released its quarterly earnings data on Thursday, May 19th. The medical instruments supplier reported $2.29 earnings per share for the quarter. Waters had a return on equity of 38.60% and a net margin of 21.71%.The business had revenue of $608.55 million for the quarter. As a group, equities analysts expect that Waters Corporation will post 12.86 earnings per share for the current year.

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.

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