MFS Discloses 6.6% Stake in Waters Corp

Ticker: WAT · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, stake-disclosure, investor-confidence

TL;DR

**MFS just revealed a 6.6% stake in Waters Corp, a big institutional vote of confidence.**

AI Summary

Massachusetts Financial Services Company (MFS) reported on February 9, 2024, that it beneficially owns 1,967,002 shares of Waters Corporation's common stock as of December 29, 2023. This represents 6.6% of Waters Corporation's outstanding shares. This filing indicates MFS is a significant institutional investor in Waters Corp, which could be seen as a vote of confidence in the company's future prospects.

Why It Matters

This filing shows a major institutional investor, MFS, has a significant stake in Waters Corp, signaling their belief in the company's value and potentially influencing future stock performance.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of a significant ownership stake by an institutional investor, generally not indicating high risk.

Analyst Insight

A smart investor would view this as a positive signal, as a large institutional investor like MFS has taken a significant position, suggesting confidence in Waters Corp's long-term value. It might warrant further research into Waters Corp's fundamentals.

Key Numbers

1,967,002 — Shares Beneficially Owned (Represents the total number of Waters Corporation common shares MFS has sole voting power over.)
6.6% — Ownership Percentage (Calculated based on the 1,967,002 shares owned and the total outstanding shares of Waters Corporation, indicating a significant stake.)

Key Players & Entities

Massachusetts Financial Services Company (company) — reporting person and institutional investor
Waters Corporation (company) — subject company whose shares are being reported
1,967,002 (dollar_amount) — number of shares beneficially owned by MFS
December 29, 2023 (date) — date of event requiring the filing
February 9, 2024 (date) — filing date of the SC 13G
Delaware (company) — place of organization for Massachusetts Financial Services Company

Forward-Looking Statements

MFS will maintain or slightly increase its stake in Waters Corporation over the next year. (Massachusetts Financial Services Company) — medium confidence, target: December 29, 2024

FAQ

Who is the reporting person in this SC 13G filing?

The reporting person is Massachusetts Financial Services Company ("MFS"), as stated in Item 1 of the filing.

What is the name of the issuer whose securities are being reported?

The issuer is WATERS CORPORATION, as identified in the 'Name of Issuer' section of the Schedule 13G.

How many shares of Waters Corporation's common stock does Massachusetts Financial Services Company beneficially own with sole voting power?

Massachusetts Financial Services Company beneficially owns 1,967,002 shares with sole voting power, as reported in Item 5 of the cover page.

What was the 'Date of Event Which Requires Filing of this Statement'?

The date of the event which requires filing of this statement was December 29, 2023, as specified on the cover page of the Schedule 13G.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), indicated by the 'X' in the appropriate box on the cover page.

From the Filing

0000912938-24-000196.txt : 20240209 0000912938-24-000196.hdr.sgml : 20240209 20240209114903 ACCESSION NUMBER: 0000912938-24-000196 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WATERS CORP /DE/ CENTRAL INDEX KEY: 0001000697 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 133668640 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-49967 FILM NUMBER: 24613261 BUSINESS ADDRESS: STREET 1: 34 MAPLE ST CITY: MILFORD STATE: MA ZIP: 01757 BUSINESS PHONE: 5084782000 MAIL ADDRESS: STREET 1: 34 MAPLE STREET CITY: MILFORD STATE: MA ZIP: 01757 FORMER COMPANY: FORMER CONFORMED NAME: WCD INVESTORS INC /DE/ DATE OF NAME CHANGE: 19960605 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MASSACHUSETTS FINANCIAL SERVICES CO /MA/ CENTRAL INDEX KEY: 0000912938 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 18006372929 MAIL ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * WATERS CORPORATION (Name of Issuer) Common Stock (Title of Class of Securities) 941848103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 941848103 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Massachusetts Financial Services Company ("MFS") 04-2747644 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] Not Applicable 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,967,002 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 3,054,938 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,054,938 shares of Common Stock consisting of shares beneficially owned by MFS and/or certain other non-reporting entities 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES Not Applicable 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer WATERS CORPORATION (b) Address of Issuer's Principal Executive Offices 34 Maple Street, Milford, MA 01757 Item 2. (a) Name of Person Filing Massachusetts Financial Services Company (b) Address of Principal Business Office or, if None, Residence 111 Huntington Avenue, Boston, MA 02199 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 941848103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or de