Leavell Investment Management Inc. Sells 48 Shares of Waters Co. (NYSE:WAT)

Leavell Investment Management Inc. trimmed its holdings in shares of Waters Co. (NYSE:WAT) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,412 shares of the medical instruments supplier’s stock after selling 48 shares during the quarter. Leavell Investment Management Inc.’s holdings in Waters were worth $4,234,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Advisory Alpha LLC grew its position in shares of Waters by 2.6% in the 4th quarter. Advisory Alpha LLC now owns 1,065 shares of the medical instruments supplier’s stock worth $395,000 after buying an additional 27 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in Waters by 2.4% in the third quarter. Summit Trail Advisors LLC now owns 1,198 shares of the medical instruments supplier’s stock valued at $431,000 after acquiring an additional 28 shares in the last quarter. Empowered Funds LLC grew its holdings in Waters by 3.0% in the fourth quarter. Empowered Funds LLC now owns 966 shares of the medical instruments supplier’s stock worth $358,000 after purchasing an additional 28 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Waters by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 9,610 shares of the medical instruments supplier’s stock worth $3,565,000 after purchasing an additional 30 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of Waters by 3.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 851 shares of the medical instruments supplier’s stock valued at $306,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 94.01% of the company’s stock.

Waters Trading Down 0.6 %

Shares of NYSE:WAT opened at $405.28 on Wednesday. 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 business has a 50 day moving average of $390.34 and a two-hundred day moving average of $363.72. Waters Co. has a 12-month low of $279.24 and a 12-month high of $423.56. The company has a market capitalization of $24.07 billion, a PE ratio of 38.67, a PEG ratio of 7.37 and a beta of 1.01.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WAT. Cfra set a $389.00 target price on Waters in a research note on Thursday, October 17th. Scotiabank began coverage on shares of Waters in a report on Monday, December 23rd. They set a “sector perform” rating and a $430.00 price objective on the stock. Bank of America lifted their target price on shares of Waters from $400.00 to $430.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Waters from $310.00 to $325.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Waters from $332.00 to $360.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $388.64.

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.