Quantinno Capital Management LP lifted its position in shares of Watts Water Technologies, Inc. (NYSE:WTS – Free Report) by 21.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,445 shares of the technology company’s stock after purchasing an additional 1,326 shares during the period. Quantinno Capital Management LP’s holdings in Watts Water Technologies were worth $2,161,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in WTS. Boston Partners boosted its stake in Watts Water Technologies by 2.2% in the 3rd quarter. Boston Partners now owns 907,336 shares of the technology company’s stock valued at $253,211,000 after purchasing an additional 19,247 shares during the period. Geode Capital Management LLC increased its position in Watts Water Technologies by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 832,148 shares of the technology company’s stock worth $229,721,000 after buying an additional 25,501 shares during the period. First Trust Advisors LP increased its position in Watts Water Technologies by 6.7% during the 1st quarter. First Trust Advisors LP now owns 545,404 shares of the technology company’s stock worth $158,325,000 after buying an additional 34,381 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Watts Water Technologies by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 522,624 shares of the technology company’s stock worth $144,261,000 after buying an additional 1,418 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Watts Water Technologies by 34.4% during the third quarter. Invesco Ltd. now owns 469,508 shares of the technology company’s stock worth $131,124,000 after buying an additional 120,090 shares in the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Watts Water Technologies
In related news, Director Michael J. Dubose sold 398 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $309.63, for a total value of $123,232.74. Following the completion of the transaction, the director owned 1,814 shares of the company’s stock, valued at $561,668.82. This represents a 17.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Elie Melhem sold 2,257 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $301.00, for a total transaction of $679,357.00. Following the completion of the sale, the insider owned 8,963 shares in the company, valued at $2,697,863. This represents a 20.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.
Analyst Ratings Changes
Watts Water Technologies Price Performance
Shares of WTS stock opened at $383.89 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 2.66 and a debt-to-equity ratio of 0.05. Watts Water Technologies, Inc. has a twelve month low of $260.00 and a twelve month high of $394.54. The company has a market cap of $12.82 billion, a P/E ratio of 33.53, a P/E/G ratio of 3.35 and a beta of 1.15. The business has a fifty day simple moving average of $347.73 and a 200 day simple moving average of $320.12.
Watts Water Technologies (NYSE:WTS – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.32. Watts Water Technologies had a return on equity of 19.16% and a net margin of 14.34%.The business had revenue of $763.10 million for the quarter, compared to analyst estimates of $725.99 million. During the same period last year, the firm posted $3.09 earnings per share. Watts Water Technologies’s revenue was up 18.6% compared to the same quarter last year. On average, sell-side analysts forecast that Watts Water Technologies, Inc. will post 12.37 EPS for the current fiscal year.
Watts Water Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 1st. Watts Water Technologies’s dividend payout ratio (DPR) is presently 22.01%.
About Watts Water Technologies
Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.
The company’s product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.
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