5 Best Money Making Stocks to Buy Now

3. Waters Corporation (NYSE:WAT)

ROE as of February 26, 2023: 162%

Number of Hedge Fund Holders in Q4 2022: 41

Waters Corporation (NYSE:WAT) is a biotechnology company that is headquartered in Milford, Massachusetts. The firm provides products and services that allow health companies to research and develop drugs. Its products include instruments and technology systems.

Waters Corporation (NYSE:WAT) announced a big agreement in February 2023 when it revealed that it plans to buy a biopharmaceutical development firm for a whopping $1.36 billion in cash. Insider Monkey dug through 943 hedge fund holdings for last year’s fourth quarter to find out that 41 had bought the firm’s shares.

Out of these, Terry Smith’s Fundsmith LLP is Waters Corporation (NYSE:WAT)’s largest investor. It owns 3.6 million shares that are worth $1.2 billion.

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