Fintel reports that on December 23, 2024, Scotiabank initiated coverage of Waters (NYSE:WAT) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 5.61% Upside
As of December 23, 2024, the average one-year price target for Waters is $389.86/share. The forecasts range from a low of $338.07 to a high of $451.50. The average price target represents an increase of 5.61% from its latest reported closing price of $369.15 / share.
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The projected annual revenue for Waters is 3,251MM, an increase of 11.90%. The projected annual non-GAAP EPS is 14.16.
What is the Fund Sentiment?
There are 1,352 funds or institutions reporting positions in Waters. This is an increase of 28 owner(s) or 2.11% in the last quarter. Average portfolio weight of all funds dedicated to WAT is 0.23%, an increase of 8.13%. Total shares owned by institutions increased in the last three months by 3.07% to 65,264K shares. 
The put/call ratio of WAT is 0.63, indicating a bullish outlook.
What are Other Shareholders Doing?
Fundsmith LLP holds 3,646K shares representing 6.14% ownership of the company. In its prior filing, the firm reported owning 3,654K shares , representing a decrease of 0.23%. The firm increased its portfolio allocation in WAT by 20.14% over the last quarter.
Alliancebernstein holds 2,442K shares representing 4.11% ownership of the company. In its prior filing, the firm reported owning 2,356K shares , representing an increase of 3.51%. The firm increased its portfolio allocation in WAT by 68.42% over the last quarter.
Massachusetts Financial Services holds 2,139K shares representing 3.60% ownership of the company. In its prior filing, the firm reported owning 2,418K shares , representing a decrease of 13.04%. The firm decreased its portfolio allocation in WAT by 83.54% over the last quarter.
Bank of New York Mellon holds 2,018K shares representing 3.40% ownership of the company. In its prior filing, the firm reported owning 2,076K shares , representing a decrease of 2.91%. The firm decreased its portfolio allocation in WAT by 87.81% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,878K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 1,871K shares , representing an increase of 0.37%. The firm increased its portfolio allocation in WAT by 16.95% over the last quarter.
Waters Background Information
(This description is provided by the company.)
Waters Corporation, the world's leading specialty measurement company, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, and food sciences for more than 60 years. With more than 7,000 employees worldwide, Waters operates directly in 35 countries, including 15 manufacturing facilities, and with products available in more than 100 countries.
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