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Massachusetts-based Waters Corporation (WAT) is an analytical instrument manufacturer that offers practical and sustainable products for laboratory-dependent organizations. Valued at a market cap of $22.2 billion, the company’s products are used by pharmaceutical, life science, biochemical, industrial, academic, and government customers, working in research and development, quality assurance, and other laboratory applications.
Shares of this life sciences company have outpaced the broader market over the past 52 weeks. WAT has rallied 38.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 32.1%. However, the stock is up 17.9% on a YTD basis, lagging behind SPX’s 26.2% gains.