Robeco Schweiz AG reduced its position in Watts Water Technologies, Inc. (NYSE:WTS – Free Report) by 28.3% during the third quarter, Holdings Channel reports. The institutional investor owned 60,995 shares of the technology company’s stock after selling 24,119 shares during the quarter. Robeco Schweiz AG’s holdings in Watts Water Technologies were worth $21,603,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Watts Water Technologies by 20,071.4% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 141,200 shares of the technology company’s stock worth $40,989,000 after buying an additional 140,500 shares during the last quarter. Squarepoint Ops LLC lifted its position in Watts Water Technologies by 8,421.5% during the second quarter. Squarepoint Ops LLC now owns 104,815 shares of the technology company’s stock valued at $41,030,000 after acquiring an additional 103,585 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Watts Water Technologies by 79.8% in the first quarter. Lazard Asset Management LLC now owns 218,832 shares of the technology company’s stock valued at $63,525,000 after acquiring an additional 97,115 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Watts Water Technologies by 58.7% in the first quarter. Renaissance Technologies LLC now owns 135,140 shares of the technology company’s stock valued at $39,230,000 after acquiring an additional 49,960 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Watts Water Technologies by 6.7% in the first quarter. First Trust Advisors LP now owns 545,404 shares of the technology company’s stock valued at $158,325,000 after acquiring an additional 34,381 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.
Analysts Set New Price Targets
Several research firms have issued reports on WTS. Wall Street Zen lowered shares of Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Weiss Ratings upgraded Watts Water Technologies from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Stifel Nicolaus set a $445.00 price objective on Watts Water Technologies in a report on Monday, October 19th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $417.00 price objective on shares of Watts Water Technologies in a research report on Wednesday, October 14th. Finally, Barclays boosted their target price on Watts Water Technologies from $414.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.90.
Check Out Our Latest Stock Analysis on WTS
Watts Water Technologies Stock Performance
WTS opened at $358.86 on Friday. Watts Water Technologies, Inc. has a 52-week low of $260.00 and a 52-week high of $394.54. The company has a quick ratio of 1.60, a current ratio of 2.66 and a debt-to-equity ratio of 0.05. The company has a market cap of $11.98 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 3.49 and a beta of 1.15. The firm’s 50-day moving average price is $359.54 and its 200-day moving average price is $340.11.
Watts Water Technologies (NYSE:WTS – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.34 by $0.32. The firm had revenue of $763.20 million during the quarter, compared to analyst estimates of $725.99 million. Watts Water Technologies had a net margin of 14.34% and a return on equity of 19.16%. Watts Water Technologies’s revenue was up 18.6% on a year-over-year basis. During the same period last year, the firm posted $3.09 EPS. As a group, equities analysts anticipate that Watts Water Technologies, Inc. will post 12.87 EPS for the current fiscal year.
Watts Water Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.63 per share. The ex-dividend date was Tuesday, September 1st. This represents a $2.52 dividend on an annualized basis and a yield of 0.7%. Watts Water Technologies’s dividend payout ratio is presently 22.01%.
Insider Buying and Selling
In other Watts Water Technologies news, insider Elie Melhem sold 1,096 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $359.55, for a total value of $394,066.80. Following the completion of the transaction, the insider owned 7,867 shares of the company’s stock, valued at approximately $2,828,579.85. This trade represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph Noonan sold 3,650 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $353.72, for a total transaction of $1,291,078.00. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.00% of the company’s stock.
Watts Water Technologies Profile
Watts Water Technologies, Inc designs, manufactures and sells products that manage the safety, efficiency, quality and flow of water in plumbing, heating and cooling systems. Its products serve residential, commercial, industrial and institutional applications, including new construction, renovation and infrastructure projects.
The company’s offerings include backflow prevention and water pressure management equipment, valves, regulators, drainage and plumbing products, water conditioning and filtration systems, water heaters, and solutions for hydronic heating and cooling.
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