Public Employees Retirement System of Ohio decreased its position in shares of Waters Co. (NYSE:WAT) by 11.1% during the second quarter, Holdings Channel.com reports. The fund owned 23,716 shares of the medical instruments supplier’s stock after selling 2,950 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Waters were worth $5,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Waters by 20.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 179,470 shares of the medical instruments supplier’s stock worth $38,312,000 after acquiring an additional 30,822 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Waters by 46.1% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 951 shares of the medical instruments supplier’s stock valued at $205,000 after buying an additional 300 shares in the last quarter. First Trust Advisors LP grew its holdings in Waters by 1,148.3% during the 2nd quarter. First Trust Advisors LP now owns 86,505 shares of the medical instruments supplier’s stock valued at $18,619,000 after buying an additional 79,575 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Waters by 3.0% during the 2nd quarter. WINTON GROUP Ltd now owns 121,999 shares of the medical instruments supplier’s stock valued at $26,259,000 after buying an additional 3,586 shares in the last quarter. Finally, SFE Investment Counsel grew its holdings in Waters by 32.8% during the 2nd quarter. SFE Investment Counsel now owns 4,689 shares of the medical instruments supplier’s stock valued at $1,009,000 after buying an additional 1,158 shares in the last quarter. Institutional investors own 95.08% of the company’s stock.

Shares of WAT stock traded up $0.93 on Friday, reaching $233.71. The company’s stock had a trading volume of 9,231 shares, compared to its average volume of 455,780. The stock’s fifty day simple moving average is $211.39 and its 200-day simple moving average is $221.34. Waters Co. has a 1 year low of $167.93 and a 1 year high of $255.21. The company has a current ratio of 2.65, a quick ratio of 2.07 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08.

Waters (NYSE:WAT) last posted its earnings results on Tuesday, July 30th. The medical instruments supplier reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.03. Waters had a net margin of 24.09% and a return on equity of 50.64%. The firm had revenue of $599.20 million during the quarter, compared to analyst estimates of $601.46 million. During the same period last year, the firm posted $1.95 earnings per share. Waters’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts forecast that Waters Co. will post 9.01 earnings per share for the current year.

WAT has been the subject of a number of research analyst reports. Bank of America lowered shares of Waters from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 16th. Zacks Investment Research raised shares of Waters from a “sell” rating to a “hold” rating and set a $217.00 price objective for the company in a report on Wednesday, May 22nd. ValuEngine lowered shares of Waters from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wolfe Research initiated coverage on shares of Waters in a report on Thursday, May 30th. They set an “underperform” rating for the company. Finally, Cleveland Research lowered shares of Waters from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 12th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $210.54.

Waters Profile

Waters Corporation, a specialty measurement company, 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.

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Institutional Ownership by Quarter for Waters (NYSE:WAT)

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