Fundsmith Llp buys $386,338,574 stake in Waters Corporation (WAT)

Waters Corporation (WAT) : Fundsmith Llp scooped up 973,788 additional shares in Waters Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 2,441,318 shares of Waters Corporation which is valued at $386,338,574.Waters Corporation makes up approximately 6.14% of Fundsmith Llp’s portfolio.

Other Hedge Funds, Including , Tredje Ap-fonden boosted its stake in WAT in the latest quarter, The investment management firm added 2,740 additional shares and now holds a total of 3,420 shares of Waters Corporation which is valued at $541,215. Waters Corporation makes up approx 0.02% of Tredje Ap-fonden’s portfolio.Credit Agricole S A boosted its stake in WAT in the latest quarter, The investment management firm added 2,689 additional shares and now holds a total of 87,760 shares of Waters Corporation which is valued at $13,888,020. Waters Corporation makes up approx 0.05% of Credit Agricole S A’s portfolio.Fernwood Investment Management reduced its stake in WAT by selling 300 shares or 5.53% in the most recent quarter. The Hedge Fund company now holds 5,125 shares of WAT which is valued at $805,906. Waters Corporation makes up approx 0.75% of Fernwood Investment Management’s portfolio.

Waters Corporation opened for trading at $158.25 and hit $159.6 on the upside on Monday, eventually ending the session at $158.9, with a gain of 0.44% or 0.69 points. The heightened volatility saw the trading volume jump to 2,77,861 shares. Company has a market cap of $12,803 M.

On the company’s financial health, Waters Corporation reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.45. The company had revenue of $537.00 million for the quarter, compared to analysts expectations of $523.18 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on Waters Corporation. Company shares were Reiterated by Barclays on Jul 27, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 157 from a previous price target of $130 .Company shares were Reiterated by Mizuho on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 145 from a previous price target of $130 .

Waters Corporation (Waters) is an analytical instrument manufacturer. The Company designs manufactures distributes and services instrument systems columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company has two segments: Waters Division and TA Division. The Waters Division’s products and services primarily consist of high performance liquid chromatography (HPLC) ultra performance liquid chromatography (UPLC and together with HPLC referred to as LC) mass spectrometry (MS) and chemistry consumable products and related services. TA Division’s products and services primarily consist of thermal analysis rheometry and calorimetry instrument systems and service sales. The Company’s products are used by pharmaceutical life science biochemical industrial nutritional safety environmental academic and governmental customers working in research and development quality assurance and other laboratory applications.

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