Randolph Co Boosted Diageo P L C (DEO) Stake by $2.85 Million as Stock Value Rose; Harding Loevner LP Has Lifted Waters (WAT) Holding by $106.41 Million; Stock Rose

February 20, 2018 - By Richard Conner

Harding Loevner Lp increased its stake in Waters Corp (WAT) by 207.12% based on its latest 2017Q3 regulatory filing with the SEC. Harding Loevner Lp bought 1.87M shares as the company’s stock rose 13.72% with the market. The hedge fund held 2.77M shares of the laboratory analytical instruments company at the end of 2017Q3, valued at $158.28 million, up from 901,326 at the end of the previous reported quarter. Harding Loevner Lp who had been investing in Waters Corp for a number of months, seems to be bullish on the $16.33 billion market cap company. The stock decreased 0.42% or $0.87 during the last trading session, reaching $205.31. About 226,817 shares traded. Waters Corporation (NYSE:WAT) has risen 30.08% since February 20, 2017 and is uptrending. It has outperformed by 13.38% the S&P500.

Randolph Co Inc increased its stake in Diageo P L C (DEO) by 54.48% based on its latest 2017Q3 regulatory filing with the SEC. Randolph Co Inc bought 21,600 shares as the company’s stock rose 5.26% with the market. The institutional investor held 61,250 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $8.09 million, up from 39,650 at the end of the previous reported quarter. Randolph Co Inc who had been investing in Diageo P L C for a number of months, seems to be bullish on the $79.48 billion market cap company. The stock decreased 0.63% or $0.89 during the last trading session, reaching $139.61. About 196,002 shares traded. Diageo plc (NYSE:DEO) has risen 12.82% since February 20, 2017 and is uptrending. It has underperformed by 3.88% the S&P500.

Harding Loevner Lp, which manages about $36.30 billion and $14.51 billion US Long portfolio, decreased its stake in China Mobile Limited (NYSE:CHL) by 17,800 shares to 3.19M shares, valued at $161.15 million in 2017Q3, according to the filing. It also reduced its holding in Cnooc Ltd (NYSE:CEO) by 35,508 shares in the quarter, leaving it with 2.16 million shares, and cut its stake in Banco Macro Sa (NYSE:BMA).

Among 19 analysts covering Waters Corporation (NYSE:WAT), 7 have Buy rating, 0 Sell and 12 Hold. Therefore 37% are positive. Waters Corporation had 56 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital maintained Waters Corporation (NYSE:WAT) on Wednesday, January 24 with “Equal-Weight” rating. Jefferies maintained Waters Corporation (NYSE:WAT) rating on Thursday, August 31. Jefferies has “Hold” rating and $175.0 target. Jefferies maintained it with “Hold” rating and $17000 target in Tuesday, June 6 report. The rating was maintained by Mizuho on Wednesday, July 29 with “Neutral”. The rating was maintained by Janney Capital with “Buy” on Wednesday, January 24. Barclays Capital maintained the shares of WAT in report on Wednesday, October 25 with “Equal-Weight” rating. The firm has “Buy” rating given on Monday, October 2 by Robert W. Baird. The rating was maintained by Leerink Swann on Wednesday, October 28 with “Market Perform”. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, October 25 report. The rating was maintained by Cowen & Co on Wednesday, December 20 with “Hold”.

Since September 8, 2017, it had 0 insider buys, and 9 insider sales for $41.08 million activity. Shares for $5.33M were sold by Khanna Rohit on Friday, October 27. On Thursday, January 25 the insider BEAUDOUIN MARK T sold $9.15 million. Another trade for 25,000 shares valued at $4.94 million was sold by Kelly Terrence P. Rae Elizabeth B had sold 28,400 shares worth $6.22M on Monday, January 29. TERRICCIANO DAVID also sold $4.34M worth of Waters Corporation (NYSE:WAT) on Friday, December 15.

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