Watts Water Technologies, Inc. (NYSE:WTS) Insider Monica Barry Sells 1,559 Shares

Watts Water Technologies, Inc. (NYSE:WTS) insider Monica Barry sold 1,559 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.52, for a total transaction of $331,318.68. Following the completion of the sale, the insider now directly owns 4,430 shares in the company, valued at $941,463.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Watts Water Technologies Stock Performance

WTS stock opened at $207.24 on Friday. The stock has a market capitalization of $6.91 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 3.04 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. The company has a 50 day moving average price of $200.61 and a 200 day moving average price of $197.22. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $219.52.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.04. The business had revenue of $543.60 million for the quarter, compared to analyst estimates of $541.83 million. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Analysts forecast that Watts Water Technologies, Inc. will post 8.72 EPS for the current year.

Watts Water Technologies Dividend Announcement

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 issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, November 29th. Watts Water Technologies’s dividend payout ratio is presently 20.62%.

Institutional Investors Weigh In On Watts Water Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Boston Trust Walden Corp increased its stake in Watts Water Technologies by 60.3% in the third quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock valued at $107,778,000 after purchasing an additional 195,778 shares in the last quarter. Millennium Management LLC increased its position in shares of Watts Water Technologies by 1,070.6% in the 2nd quarter. Millennium Management LLC now owns 209,000 shares of the technology company’s stock valued at $38,324,000 after buying an additional 191,146 shares in the last quarter. Renaissance Technologies LLC raised its stake in Watts Water Technologies by 171.7% during the 2nd quarter. Renaissance Technologies LLC now owns 139,100 shares of the technology company’s stock worth $25,507,000 after buying an additional 87,900 shares during the period. Natixis lifted its holdings in Watts Water Technologies by 20,322.5% during the first quarter. Natixis now owns 61,676 shares of the technology company’s stock worth $13,109,000 after acquiring an additional 61,374 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in shares of Watts Water Technologies in the second quarter worth about $9,794,000. Institutional investors own 95.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on WTS. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a report on Monday. StockNews.com upgraded Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Robert W. Baird reduced their price target on shares of Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Stifel Nicolaus decreased their price target on Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $200.25.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.