Triasima Portfolio Management inc. purchased a new position in Watts Water Technologies, Inc. (NYSE:WTS – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,565 shares of the technology company’s stock, valued at approximately $1,576,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Contravisory Investment Management Inc. bought a new position in Watts Water Technologies during the 4th quarter worth about $26,000. Covestor Ltd grew its holdings in Watts Water Technologies by 80.4% during the 1st quarter. Covestor Ltd now owns 184 shares of the technology company’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Watts Water Technologies during the 2nd quarter worth about $32,000. Allworth Financial LP grew its holdings in Watts Water Technologies by 47.5% during the 4th quarter. Allworth Financial LP now owns 174 shares of the technology company’s stock worth $36,000 after acquiring an additional 56 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Watts Water Technologies during the 4th quarter worth about $39,000. 95.02% of the stock is currently owned by institutional investors.
Watts Water Technologies Stock Performance
Shares of Watts Water Technologies stock traded down $1.62 during midday trading on Friday, hitting $200.72. The company had a trading volume of 66,961 shares, compared to its average volume of 109,683. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.95 and a beta of 0.94. The company has a quick ratio of 1.63, a current ratio of 2.61 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $204.59 and a 200 day simple moving average of $196.30. Watts Water Technologies, Inc. has a 12-month low of $156.29 and a 12-month high of $219.52.
Watts Water Technologies (NYSE:WTS – Get Free Report) last announced its quarterly earnings data on Monday, February 12th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.78 by $0.19. The firm had revenue of $547.50 million during the quarter, compared to analyst estimates of $532.58 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. Watts Water Technologies’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $1.60 EPS. As a group, analysts predict that Watts Water Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.
Watts Water Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, February 29th. Watts Water Technologies’s dividend payout ratio is presently 18.41%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on WTS shares. Robert W. Baird increased their target price on shares of Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Stifel Nicolaus raised their price target on shares of Watts Water Technologies from $199.00 to $206.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Watts Water Technologies presently has an average rating of “Hold” and a consensus price target of $190.60.
Check Out Our Latest Research Report on WTS
Insiders Place Their Bets
In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the completion of the transaction, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at approximately $2,994,865.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Timothy P. Horne sold 764 shares of Watts Water Technologies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $199.00, for a total transaction of $152,036.00. Following the completion of the transaction, the insider now directly owns 14,236 shares of the company’s stock, valued at approximately $2,832,964. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the transaction, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at $2,994,865.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,113 shares of company stock valued at $1,023,106. 1.10% of the stock is owned by insiders.
Watts Water Technologies 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.
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