ProShare Advisors LLC Has $7.84 Million Holdings in Watts Water Technologies, Inc. $WTS

ProShare Advisors LLC lessened its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 20.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 31,886 shares of the technology company’s stock after selling 8,133 shares during the period. ProShare Advisors LLC’s holdings in Watts Water Technologies were worth $7,840,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WTS. Cullen Frost Bankers Inc. raised its stake in Watts Water Technologies by 156.9% during the second quarter. Cullen Frost Bankers Inc. now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Watts Water Technologies in the 1st quarter valued at $33,000. Summit Securities Group LLC acquired a new stake in shares of Watts Water Technologies in the 1st quarter valued at $64,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Watts Water Technologies in the 1st quarter worth about $77,000. Finally, Covestor Ltd grew its holdings in shares of Watts Water Technologies by 39.1% in the 1st quarter. Covestor Ltd now owns 423 shares of the technology company’s stock worth $87,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Watts Water Technologies Stock Performance

WTS stock opened at $276.42 on Thursday. The company has a 50 day moving average price of $277.61 and a 200 day moving average price of $259.67. Watts Water Technologies, Inc. has a fifty-two week low of $177.59 and a fifty-two week high of $287.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.59 and a quick ratio of 1.63. The stock has a market capitalization of $9.22 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 3.27 and a beta of 1.17.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, November 5th. The technology company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.21. The firm had revenue of $611.70 million for the quarter, compared to analyst estimates of $576.20 million. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $2.03 EPS. Watts Water Technologies has set its FY 2025 guidance at EPS. Analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, December 1st. Watts Water Technologies’s dividend payout ratio (DPR) is presently 21.47%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WTS shares. Zacks Research downgraded shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Wall Street Zen upgraded shares of Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Stifel Nicolaus boosted their target price on Watts Water Technologies from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Watts Water Technologies in a report on Tuesday, October 14th. Finally, Barclays lifted their price objective on Watts Water Technologies from $287.00 to $300.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $264.25.

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.