Waters Corp
About: Water sells liquid chromatography, mass spectrometry, and thermal analysis tools. These analytical instruments provide essential information on various products, such as their molecular structures and physical properties, to help clients enhance the health and well-being of end users. As a percentage of sales in 2023, Waters generated 57% from biopharmaceutical customers, 31% from industrial clients, and 12% from academic/government institutions.
Employees: 7,900
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
41% more call options, than puts
Call options by funds: $32.6M | Put options by funds: $23.1M
14% more repeat investments, than reductions
Existing positions increased: 249 | Existing positions reduced: 219
13% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 69
1% more funds holding
Funds holding: 675 [Q1] → 684 (+9) [Q2]
2.31% less ownership
Funds ownership: 98.32% [Q1] → 96.01% (-2.31%) [Q2]
11% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 8 (-1) [Q2]
17% less capital invested
Capital invested by funds: $20B [Q1] → $16.5B (-$3.49B) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Jefferies Tycho Peterson 50% 1-year accuracy 4 / 8 met price target | 16%upside $415 | Buy Upgraded | 8 Oct 2024 |
Evercore ISI Group Vijay Kumar 60% 1-year accuracy 24 / 40 met price target | 1%downside $355 | In-Line Maintained | 1 Oct 2024 |
Wells Fargo Brandon Couillard 63% 1-year accuracy 5 / 8 met price target | 1%upside $360 | Overweight Initiated | 27 Aug 2024 |
TD Cowen Dan Brennan 63% 1-year accuracy 19 / 30 met price target | 2%upside $363 | Hold Maintained | 1 Aug 2024 |
Barclays Luke Sergott 43% 1-year accuracy 16 / 37 met price target | 16%downside $300 | Underweight Maintained | 1 Aug 2024 |