Janney Montgomery Scott LLC raised its position in Watts Water Technologies Inc (NYSE:WTS) by 86.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,481 shares of the technology company’s stock after acquiring an additional 4,871 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Watts Water Technologies were worth $982,000 at the end of the most recent reporting period.
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A number of other hedge funds have also recently bought and sold shares of WTS. WINTON GROUP Ltd acquired a new stake in Watts Water Technologies in the 2nd quarter worth about $200,000. Oregon Public Employees Retirement Fund lifted its stake in Watts Water Technologies by 1.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,954 shares of the technology company’s stock worth $1,021,000 after purchasing an additional 200 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Watts Water Technologies in the 2nd quarter worth approximately $38,000. Clean Yield Group lifted its stake in Watts Water Technologies by 59.7% in the 2nd quarter. Clean Yield Group now owns 1,861 shares of the technology company’s stock worth $173,000 after purchasing an additional 696 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Watts Water Technologies by 1.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,427 shares of the technology company’s stock worth $878,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 75.97% of the company’s stock.
A number of research analysts have weighed in on WTS shares. Stifel Nicolaus raised their target price on shares of Watts Water Technologies from $102.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. ValuEngine lowered shares of Watts Water Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $95.09.
WTS opened at $95.16 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.80 and a quick ratio of 1.10. The company’s 50 day simple moving average is $92.36 and its two-hundred day simple moving average is $90.23. Watts Water Technologies Inc has a 1-year low of $61.17 and a 1-year high of $100.05. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 2.91 and a beta of 1.16.
Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.01. Watts Water Technologies had a net margin of 8.11% and a return on equity of 14.70%. The business had revenue of $394.70 million for the quarter, compared to analyst estimates of $397.44 million. During the same period last year, the company posted $0.99 EPS. The business’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts anticipate that Watts Water Technologies Inc will post 4.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, November 27th. Watts Water Technologies’s dividend payout ratio (DPR) is 24.60%.
In other Watts Water Technologies news, insider Elie Melhem sold 9,643 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $94.06, for a total value of $907,020.58. Following the transaction, the insider now directly owns 32,202 shares of the company’s stock, valued at approximately $3,028,920.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.75% of the company’s stock.
Watts Water Technologies Profile
Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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