OneDigital Investment Advisors LLC Acquires 31 Shares of Waters Co. (NYSE:WAT)

OneDigital Investment Advisors LLC lifted its stake in shares of Waters Co. (NYSE:WAT) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 851 shares of the medical instruments supplier’s stock after buying an additional 31 shares during the period. OneDigital Investment Advisors LLC’s holdings in Waters were worth $306,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GUARDCAP ASSET MANAGEMENT Ltd boosted its position in shares of Waters by 1.1% during the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,110,898 shares of the medical instruments supplier’s stock worth $382,404,000 after purchasing an additional 11,851 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Waters by 1.0% during the 3rd quarter. Van ECK Associates Corp now owns 659,539 shares of the medical instruments supplier’s stock valued at $219,811,000 after buying an additional 6,647 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Waters by 70.7% in the third quarter. Principal Financial Group Inc. now owns 656,019 shares of the medical instruments supplier’s stock worth $236,095,000 after acquiring an additional 271,804 shares during the period. Dimensional Fund Advisors LP grew its holdings in Waters by 21.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 448,304 shares of the medical instruments supplier’s stock valued at $130,053,000 after buying an additional 77,951 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Waters by 34.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 393,890 shares of the medical instruments supplier’s stock valued at $141,757,000 after buying an additional 100,811 shares during the period. Institutional investors and hedge funds own 94.01% of the company’s stock.

Waters Stock Up 2.9 %

Shares of NYSE:WAT opened at $368.00 on Friday. Waters Co. has a 52-week low of $273.60 and a 52-week high of $393.38. The stock has a market cap of $21.85 billion, a P/E ratio of 35.11, a PEG ratio of 6.31 and a beta of 0.97. The business has a fifty day moving average of $353.08 and a two-hundred day moving average of $331.57. 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 (NYSE:WAT) last issued its quarterly earnings results on Friday, November 1st. The medical instruments supplier reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.25. The company had revenue of $740.30 million for the quarter, compared to the consensus estimate of $712.99 million. Waters had a return on equity of 49.93% and a net margin of 21.43%. Waters’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.84 EPS. On average, research analysts expect that Waters Co. will post 11.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Waters from $310.00 to $325.00 and gave the company a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Waters from $340.00 to $380.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Leerink Partnrs upgraded Waters from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 1st. Stifel Nicolaus boosted their price objective on shares of Waters from $332.00 to $360.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, TD Cowen lifted their price target on Waters from $363.00 to $410.00 and gave the company a “hold” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $365.85.

Waters Company 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.