Watts Water Technologies, Inc. (WTS) Shares Bought by Keybank National Association OH

Keybank National Association OH grew its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,400 shares of the technology company’s stock after purchasing an additional 3,000 shares during the quarter. Keybank National Association OH owned approximately 0.05% of Watts Water Technologies worth $1,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WTS. Riverhead Capital Management LLC grew its stake in shares of Watts Water Technologies by 44.3% in the second quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock valued at $109,000 after acquiring an additional 532 shares in the last quarter. Acrospire Investment Management LLC grew its stake in shares of Watts Water Technologies by 157.1% in the second quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock valued at $114,000 after acquiring an additional 1,100 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Watts Water Technologies by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock valued at $129,000 after acquiring an additional 17 shares in the last quarter. Bruderman Asset Management LLC acquired a new position in shares of Watts Water Technologies in the second quarter valued at about $130,000. Finally, Quantbot Technologies LP grew its stake in shares of Watts Water Technologies by 823.9% in the second quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock valued at $144,000 after acquiring an additional 2,035 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors.

Shares of Watts Water Technologies, Inc. (WTS) opened at $70.50 on Tuesday. The stock has a market cap of $2,410.00, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. Watts Water Technologies, Inc. has a one year low of $59.15 and a one year high of $71.05.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $347.70 million for the quarter, compared to the consensus estimate of $361.22 million. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. equities analysts predict that Watts Water Technologies, Inc. will post 3.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.76 dividend on an annualized basis and a yield of 1.08%. Watts Water Technologies’s payout ratio is 28.25%.

WTS has been the topic of several research reports. Cowen and Company restated a “hold” rating and issued a $58.00 price target on shares of Watts Water Technologies in a research note on Thursday, September 28th. BidaskClub downgraded shares of Watts Water Technologies from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Seaport Global Securities restated a “neutral” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. Robert W. Baird upped their price target on shares of Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of Watts Water Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $72.83.

In other news, insider Elie Melhem sold 3,306 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $62.11, for a total value of $205,335.66. Following the sale, the insider now directly owns 32,128 shares in the company, valued at approximately $1,995,470.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

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Watts Water Technologies Profile

Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.

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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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