Fundsmith 13F: Cuts Waters (WAT) Stake by $130M
Fundsmith reduced its holdings in Waters Corporation by 9.7%, trimming 345,903 shares from its portfolio in a move reported in its latest SEC filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Fundsmith sold 345,903 shares from its stake in Waters Corporation ($WAT), a 9.72% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 3,212,075 shares worth $1.20 billion at the end of the quarter.
Since the filing, $WAT is up 4.0% after 1 week, up 8.7% after 1 month and up 32.7% to date (from the $329.22 close on May 15, 2026).
WAT
Waters Corporation
Key Points
- Fundsmith trimmed its stake in Waters Corporation NYSE:WAT by 9.7%, selling 345,903 shares during the period.
- The fund held 3,212,075 shares worth roughly $1.2 billion at the close of the reporting window.
- Waters Corporation shares trade near $375.04, backed by a forward P/E ratio of 25.6 and analyst support.
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Fundsmith Cuts Stake in Waters Corporation
Fundsmith trimmed its investment in Waters Corporation NYSE:WAT during the period, cutting its stake by 9.7% with the sale of 345,903 shares. The latest Form 13F filing with the SEC shows the fund ended the period with 3,212,075 shares. That holding carried an estimated value of about $1.2 billion based on reporting disclosures. Because 13F filings look backward, the numbers reflect holdings as of that past date and may not match the fund's current position today.
Waters Corporation Stock Performance
Shares of Waters Corporation traded near $375.04. The stock sits between a 52-week low of $282.77 and a 52-week high of $431.78. The company has a forward P/E ratio of 25.6 and a trailing P/E ratio of 107.6. Its 50-day moving average rests at $399.45, while its 200-day moving average sits at $361.75.
Analysts Set New Price Targets
Wall Street firms have kept a generally positive view on the stock following recent updates. On October 13, 2026, TD Cowen maintains the stock with a Buy rating and a $515.00 price target. Earlier, on October 7, 2026, Barclays maintains an Overweight rating with a $500.00 price target. Guggenheim maintains a Buy rating with a $490.00 price target on October 1, 2026. Goldman Sachs maintains a Buy rating with a $515.00 price target on September 21, 2026. UBS upgraded the stock to Buy with a $490.00 price target on September 9, 2026. Piper Sandler upgraded the stock to Overweight with a $480.00 price target on August 27, 2026. Citigroup maintains a Buy rating with a $470.00 price target on August 10, 2026. TD Cowen also upgraded the stock to Buy with a $475.00 price target on August 5, 2026. Overall, the stock carries a consensus Buy recommendation with a mean price target of $444.79 across 24 analyst opinions.
Inside Waters Corporation
Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe through its operating segments. The company designs and supports liquid chromatography, mass spectrometry, and thermal analysis instruments used by life science researchers, clinical labs, and industrial clients. Founded in 1958 and based in Milford, Massachusetts, the company employs roughly 16,000 people.
What to Watch at Waters Corporation
Investors will look toward the company's next earnings report, scheduled for October 30, 2026, for fresh updates on revenue and profit margins. Future SEC filings will also show whether major institutional shareholders like Fundsmith continue to trim or rebuild their positions in the scientific instrument maker.
Related Filing Alerts
Source: Fundsmith's 13F filing on $WAT (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Fundsmith 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts