Parthenon Lowers stake in Waters Corporation (WAT)

Waters Corporation (WAT) : Parthenon reduced its stake in Waters Corporation by 0.98% during the most recent quarter end. The investment management company now holds a total of 54,076 shares of Waters Corporation which is valued at $8,511,562 after selling 535 shares in Waters Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Waters Corporation makes up approximately 2.10% of Parthenon’s portfolio.

Other Hedge Funds, Including , Meyer Handelman Co sold out all of its stake in WAT during the most recent quarter. The investment firm sold 2,250 shares of WAT which is valued $336,150. Boston Common Asset Management added WAT to its portfolio by purchasing 2,020 company shares during the most recent quarter which is valued at $304,172. Waters Corporation makes up approx 0.04% of Boston Common Asset Management’s portfolio.Marathon Asset Management Llp boosted its stake in WAT in the latest quarter, The investment management firm added 56,628 additional shares and now holds a total of 490,168 shares of Waters Corporation which is valued at $73,000,720. Waters Corporation makes up approx 1.51% of Marathon Asset Management Llp’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in WAT in the latest quarter, The investment management firm added 1,169 additional shares and now holds a total of 20,952 shares of Waters Corporation which is valued at $3,070,097. Waters Corporation makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.

Waters Corporation opened for trading at $157.22 and hit $159.4599 on the upside on Friday, eventually ending the session at $158.93, with a gain of 1.19% or 1.87 points. The heightened volatility saw the trading volume jump to 4,96,754 shares. Company has a market cap of $12,864 M.

On the company’s financial health, Waters Corporation reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.45. The company had revenue of $537.00 million for the quarter, compared to analysts expectations of $523.18 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on Waters Corporation. Company shares were Reiterated by Barclays on Jul 27, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 157 from a previous price target of $130 .Company shares were Reiterated by Mizuho on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 145 from a previous price target of $130 .

Waters Corporation (Waters) is an analytical instrument manufacturer. The Company designs manufactures distributes and services instrument systems columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company has two segments: Waters Division and TA Division. The Waters Division’s products and services primarily consist of high performance liquid chromatography (HPLC) ultra performance liquid chromatography (UPLC and together with HPLC referred to as LC) mass spectrometry (MS) and chemistry consumable products and related services. TA Division’s products and services primarily consist of thermal analysis rheometry and calorimetry instrument systems and service sales. The Company’s products are used by pharmaceutical life science biochemical industrial nutritional safety environmental academic and governmental customers working in research and development quality assurance and other laboratory applications.

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