Sumitomo Mitsui DS Asset Management Company Ltd Acquires 162 Shares of Waters Co. (NYSE:WAT)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Waters Co. (NYSE:WAT) by 2.6% in the 4th quarter, Holdings Channel reports. The fund owned 6,412 shares of the medical instruments supplier’s stock after purchasing an additional 162 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Waters were worth $2,379,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Kennebec Savings Bank acquired a new position in shares of Waters in the 3rd quarter valued at approximately $33,000. Ashton Thomas Securities LLC bought a new position in Waters in the third quarter valued at approximately $35,000. Fortitude Family Office LLC boosted its holdings in shares of Waters by 235.7% in the fourth quarter. Fortitude Family Office LLC now owns 94 shares of the medical instruments supplier’s stock valued at $35,000 after buying an additional 66 shares during the period. R Squared Ltd bought a new stake in shares of Waters during the fourth quarter worth $63,000. Finally, Itau Unibanco Holding S.A. increased its position in shares of Waters by 63.2% during the third quarter. Itau Unibanco Holding S.A. now owns 186 shares of the medical instruments supplier’s stock worth $67,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.

Waters Price Performance

Shares of WAT opened at $407.61 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $389.98 and its 200 day simple moving average is $363.11. Waters Co. has a 1-year low of $279.24 and a 1-year high of $423.56. The company has a market cap of $24.20 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 7.37 and a beta of 1.01.

Analyst Upgrades and Downgrades

WAT has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of Waters from $380.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Bank of America boosted their price target on Waters from $400.00 to $430.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus increased their price objective on Waters from $332.00 to $360.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Barclays upgraded Waters from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $360.00 to $415.00 in a research note on Monday. Finally, TD Cowen raised their price target on shares of Waters from $363.00 to $410.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $388.64.

Waters 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.