A Director at Waters Corp is Exercising Options

By Carrie Williams

Today, a Director at Waters Corp, William J. Miller, exercised options of Waters Corp for $682.3K. The options were close to expired and William J. Miller disposed stocks.

Following William J. Miller’s last WAT Sell transaction on November 25, 2015, the stock climbed by 61.0%. This is Miller’s first transaction since reporting a Buy transaction on GLUU back in May 2016

Based on Waters Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $566 million and quarterly net profit of $136 million. In comparison, last year the company earned revenue of $527 million and had a net profit of $125 million. The company has a one-year high of $201.95 and a one-year low of $133.71. WAT’s market cap is $15.45B and the company has a P/E ratio of 28.65.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $190, reflecting a 2.4% upside.

In the last 30 days, insiders have sold $3.76M worth of WAT shares and purchased $268.6K worth of WAT shares. The insider sentiment on Waters Corp has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

William J. Miller’s trades have generated a -7.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Waters Corp. is an analytical instrument manufacturing company, which designs, manufactures, sells and services, high performance liquid chromatography, ultra performance liquid chromatography and mass spectrometry technology systems and support products, including chromatography columns, other consumable products and comprehensive post warranty service plans. It operates through two segments: Waters and TA. The Waters segment designs, manufactures, distributes and services high performance liquid chromatography and ultra performance liquid chromatography instruments, columns and other chemistry consumables that can be integrated and used along with other analytical instruments. The TA Instruments segment designs, manufactures, distributes and services thermal analysis, rheometry and calorimetry instruments. The company was founded by James Logan Waters in 1958 and is headquartered in Milford, MA.