Waters Corp (NYSE:WAT) Stock Sentiment Worsens

October 11, 2018 - By Clifton Ray

Waters Corporation (NYSE:WAT) Logo

Sentiment for Waters Corp (NYSE:WAT)

Waters Corp (NYSE:WAT) institutional sentiment decreased to 0.87 in 2018 Q2. Its down -0.03, from 0.9 in 2018Q1. The ratio has dropped, as 193 funds increased and started new positions, while 222 reduced and sold positions in Waters Corp. The funds in our partner’s database reported: 70.25 million shares, down from 70.29 million shares in 2018Q1. Also, the number of funds holding Waters Corp in their top 10 positions decreased from 9 to 8 for a decrease of 1. Sold All: 37 Reduced: 185 Increased: 139 New Position: 54.

Waters Corporation operates as an analytical instrument maker in the United States and internationally. The company has market cap of $13.90 billion. It operates through two divisions, Waters and TA. It has a 283.98 P/E ratio. It designs, makes, sells, and services high performance liquid chromatography, ultra performance liquid chromatography, and mass spectrometry technology systems and support products, including chromatography columns, other consumable products, and comprehensive post-warranty service plans.

The stock increased 1.62% or $2.87 during the last trading session, reaching $180.35. About 688,111 shares traded or 34.11% up from the average. Waters Corporation (NYSE:WAT) has risen 1.66% since October 11, 2017 and is uptrending. It has underperformed by 13.96% the S&P500.

Analysts await Waters Corporation (NYSE:WAT) to report earnings on October, 23. They expect $1.90 earnings per share, up 7.34 % or $0.13 from last year’s $1.77 per share. WAT’s profit will be $146.43M for 23.73 P/E if the $1.90 EPS becomes a reality. After $1.95 actual earnings per share reported by Waters Corporation for the previous quarter, Wall Street now forecasts -2.56 % negative EPS growth.

Fundsmith Llp holds 6.81% of its portfolio in Waters Corporation for 4.73 million shares. Bares Capital Management Inc. owns 781,463 shares or 5.28% of their US portfolio. Moreover, Caledonia Investments Plc has 4.73% invested in the company for 90,000 shares. The New York-based Independent Investors Inc has invested 3.96% in the stock. Harvey Investment Co Llc, a Kentucky-based fund reported 98,086 shares.

Since January 1, 0001, it had 0 insider buys, and 5 insider sales for $7.89 million activity.

Waters Corporation (NYSE:WAT) Ratings Coverage

Ratings analysis reveals 13% of Waters Corp’s analysts are positive. Out of 8 Wall Street analysts rating Waters Corp, 1 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $200 while the high is $21500. The stock’s average target of $208.13 is 15.40% above today’s ($180.35) share price. WAT was included in 13 notes of analysts from April 24, 2018. The firm has “Buy” rating by Leerink Swann given on Wednesday, April 25. The firm earned “Equal-Weight” rating on Wednesday, July 25 by Morgan Stanley. The stock of Waters Corporation (NYSE:WAT) has “Market Perform” rating given on Monday, October 8 by Leerink Swann. The company was maintained on Wednesday, April 25 by Morgan Stanley. On Tuesday, April 24 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Buy” rating given on Tuesday, April 24 by Robert W. Baird. The firm has “Underperform” rating by Bank of America given on Monday, July 16. Morgan Stanley maintained the shares of WAT in report on Friday, July 13 with “Equal-Weight” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, October 10 report. The firm has “Neutral” rating given on Tuesday, July 17 by Janney Capital.

Waters Corporation (NYSE:WAT) Institutional Positions Chart

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