Watts Water Technologies, Inc. $WTS Shares Sold by Paralel Advisors LLC

Paralel Advisors LLC lessened its stake in shares of Watts Water Technologies, Inc. (NYSE:WTSFree Report) by 39.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 7,958 shares of the technology company’s stock after selling 5,160 shares during the period. Paralel Advisors LLC’s holdings in Watts Water Technologies were worth $3,115,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WTS. Integrated Wealth Concepts LLC raised its position in shares of Watts Water Technologies by 10.2% during the first quarter. Integrated Wealth Concepts LLC now owns 1,887 shares of the technology company’s stock worth $385,000 after purchasing an additional 174 shares during the period. Jones Financial Companies Lllp increased its stake in Watts Water Technologies by 80.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the technology company’s stock worth $222,000 after purchasing an additional 445 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Watts Water Technologies by 8.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,878 shares of the technology company’s stock worth $20,163,000 after purchasing an additional 7,537 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Watts Water Technologies during the 2nd quarter worth about $219,000. Finally, Cetera Investment Advisers lifted its stake in Watts Water Technologies by 43.2% during the second quarter. Cetera Investment Advisers now owns 1,734 shares of the technology company’s stock valued at $426,000 after buying an additional 523 shares in the last quarter. 95.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Watts Water Technologies news, Director Joseph Noonan sold 3,650 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $353.72, for a total value of $1,291,078.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Watts Water Technologies Trading Down 0.0%

Shares of NYSE WTS opened at $363.05 on Monday. The company has a current ratio of 2.66, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. Watts Water Technologies, Inc. has a one year low of $260.00 and a one year high of $394.54. The business has a 50-day moving average price of $362.46 and a two-hundred day moving average price of $328.55. The firm has a market capitalization of $12.12 billion, a PE ratio of 31.71, a PEG ratio of 3.56 and a beta of 1.13.

Watts Water Technologies (NYSE:WTSGet Free Report) last issued its earnings results on Wednesday, August 5th. The technology company reported $3.66 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.32. The company had revenue of $763.10 million for the quarter, compared to the consensus estimate of $725.99 million. Watts Water Technologies had a return on equity of 19.16% and a net margin of 14.34%.The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.09 EPS. As a group, analysts predict that Watts Water Technologies, Inc. will post 12.75 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.52 dividend on an annualized basis and a yield of 0.7%. Watts Water Technologies’s payout ratio is presently 22.01%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Robert W. Baird set a $405.00 target price on shares of Watts Water Technologies in a report on Friday, August 7th. Stifel Nicolaus boosted their price target on shares of Watts Water Technologies from $379.00 to $403.00 and gave the company a “buy” rating in a report on Monday, July 20th. KeyCorp upped their price target on shares of Watts Water Technologies from $380.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. TD Cowen raised their price objective on shares of Watts Water Technologies from $275.00 to $320.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $374.00 price objective on shares of Watts Water Technologies in a research report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $367.70.

View Our Latest Stock Report on Watts Water Technologies

Watts Water Technologies Company Profile

(Free Report)

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.

See Also

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

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