Future Fund LLC Makes New $847,000 Investment in Watts Water Technologies, Inc. $WTS

Future Fund LLC bought a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,445 shares of the technology company’s stock, valued at approximately $847,000.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WTS. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Watts Water Technologies in a research note on Friday, August 8th. Wall Street Zen upgraded Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Barclays upped their price target on Watts Water Technologies from $287.00 to $300.00 and gave the company an “equal weight” rating in a research report on Friday. Stifel Nicolaus lifted their price objective on shares of Watts Water Technologies from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Watts Water Technologies in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $264.25.

Watts Water Technologies Trading Up 3.7%

Shares of NYSE WTS opened at $273.28 on Friday. Watts Water Technologies, Inc. has a 12-month low of $177.59 and a 12-month high of $287.89. The company has a market cap of $9.12 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 3.27 and a beta of 1.17. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $277.66 and its 200 day simple moving average is $258.22.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Wednesday, November 5th. The technology company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.21. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.The firm had revenue of $611.70 million for the quarter, compared to analyst estimates of $576.20 million. During the same period last year, the company earned $2.03 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Watts Water Technologies has set its FY 2025 guidance at EPS. Equities research analysts expect 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. The ex-dividend date is Monday, December 1st. This represents a $2.08 annualized dividend and a yield of 0.8%. Watts Water Technologies’s dividend payout ratio (DPR) is currently 21.47%.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, Director Joseph T. Noonan sold 713 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $274.45, for a total transaction of $195,682.85. Following the completion of the transaction, the director directly owned 1,194 shares of the company’s stock, valued at $327,693.30. The trade was a 37.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

About Watts Water Technologies

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.