Principal Financial Group Inc. Sells 1,954 Shares of Waters Co. (NYSE:WAT)

Principal Financial Group Inc. lowered its position in Waters Co. (NYSE:WATGet Rating) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,785 shares of the medical instruments supplier’s stock after selling 1,954 shares during the quarter. Principal Financial Group Inc. owned approximately 0.13% of Waters worth $29,728,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in Waters by 97.0% during the fourth quarter. SG Americas Securities LLC now owns 5,600 shares of the medical instruments supplier’s stock worth $2,087,000 after buying an additional 2,757 shares during the period. Pinnacle Family Advisors LLC purchased a new stake in Waters during the third quarter worth $2,233,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Waters by 36.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,772 shares of the medical instruments supplier’s stock worth $6,995,000 after buying an additional 5,003 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Waters by 0.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,997 shares of the medical instruments supplier’s stock worth $7,824,000 after buying an additional 64 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Waters by 22.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 318,255 shares of the medical instruments supplier’s stock worth $118,582,000 after buying an additional 57,693 shares during the period. Institutional investors own 90.65% of the company’s stock.

A number of research firms have weighed in on WAT. StockNews.com began coverage on Waters in a report on Thursday, March 31st. They set a “buy” rating for the company. Wells Fargo & Company upgraded Waters from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $320.00 to $315.00 in a report on Monday, April 25th. Finally, SVB Leerink decreased their price objective on Waters from $375.00 to $350.00 and set a “market perform” rating for the company in a report on Wednesday, February 2nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $373.83.

Shares of WAT opened at $320.42 on Friday. Waters Co. has a 12 month low of $288.32 and a 12 month high of $428.22. The stock has a fifty day moving average price of $314.36 and a 200-day moving average price of $329.88. The company has a current ratio of 2.30, a quick ratio of 1.75 and a debt-to-equity ratio of 3.85. The firm has a market cap of $19.30 billion, a PE ratio of 28.03, a P/E/G ratio of 3.15 and a beta of 0.85.

Waters (NYSE:WATGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The medical instruments supplier reported $2.80 EPS for the quarter, beating the consensus estimate of $2.33 by $0.47. Waters had a return on equity of 221.08% and a net margin of 24.57%. The firm had revenue of $690.60 million during the quarter, compared to analyst estimates of $634.08 million. During the same quarter in the prior year, the business posted $2.29 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts forecast that Waters Co. will post 12.03 EPS for the current year.

About Waters (Get Rating)

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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