Waters Corp /de/ (WAT) Files Form 4 Insider Selling : Eugene G Cassis Sells 20,000 Shares

Waters Corp /de/ (WAT): Eugene G Cassis , Chief Financial Officer of Waters Corp /de/ sold 20,000 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $139.36 per share for a total value of $2,787,200.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Eugene G Cassis (Chief Financial Officer) sold 20,000 shares at $139.36 per share price.On Jun 3, 2016, Michael C Harrington (Sr VP, Global Markets) sold 23,200 shares at $139.09 per share price.Also, On May 25, 2016, Mark T Beaudouin (VP and General Counsel) sold 30,000 shares at $137.41 per share price.On May 17, 2016, Michael F Silveira (VP, Corporate Controller) sold 1,409 shares at $136.02 per share price.

Shares of Waters Corporation (WAT) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -1.38 points or -0.99% at $138.38 with 3,22,957 shares getting traded. Post opening the session at $139.15, the shares hit an intraday low of $137.4 and an intraday high of $139.15 and the price vacillated in this range throughout the day. The company has a market cap of $11,201 M and the number of outstanding shares has been calculated to be 8,09,41,488 shares. The 52-week high of Waters Corporation is $140.11 and the 52-week low is $112.

Waters Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Waters Corporation is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 130 from a previous price target of $125 .The Rating was issued on Apr 27, 2016.Waters Corporation is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 5, 2016.

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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