A Director at Waters Corp (WAT) is Selling Shares


Today, a Director at Waters Corp (NYSE: WAT), Joann Reed, sold shares of WAT for $409.1K.

Following Joann Reed’s last WAT Sell transaction on January 06, 2016, the stock climbed by 66.3%. This is Reed’s first transaction since reporting a Buy transaction on MNK back in November 2017

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Based on Waters Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $531 million and quarterly net profit of $112 million. In comparison, last year the company earned revenue of $498 million and had a net profit of $106 million. WAT’s market cap is $15.35B and the company has a P/E ratio of 699.93. Currently, Waters Corp has an average volume of 224K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $210.00, reflecting a -7.2% downside.

The insider sentiment on Waters Corp has been negative according to 54 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Waters Corp. is a specialty measurement company, which engages in the analytical workflow solutions involving liquid chromatography, mass spectrometry, and thermal analysis innovations. It operates through Waters and TA segments.

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