Atria Wealth Solutions Inc. Takes $285,000 Position in Watts Water Technologies, Inc. $WTS

Key Points

• Atria Wealth Solutions Inc. has acquired 1,400 shares of Watts Water Technologies, Inc. valued at approximately $285,000.
• The company reported earnings per share of $3.09, beating analyst estimates, and experienced a 7.8% year-over-year revenue increase.
• Watts Water Technologies has announced a quarterly dividend of $0.52 per share, resulting in an annualized yield of 0.8%.

Atria Wealth Solutions Inc. bought a new position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,400 shares of the technology company's stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Costello Asset Management INC bought a new position in shares of Watts Water Technologies in the 1st quarter valued at about $33,000. Versant Capital Management Inc grew its holdings in shares of Watts Water Technologies by 57.3% in the 1st quarter. Versant Capital Management Inc now owns 225 shares of the technology company's stock valued at $46,000 after acquiring an additional 82 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Watts Water Technologies by 80.5% in the 1st quarter. GAMMA Investing LLC now owns 278 shares of the technology company's stock valued at $57,000 after acquiring an additional 124 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Watts Water Technologies by 45.0% in the 1st quarter. Parallel Advisors LLC now owns 293 shares of the technology company's stock valued at $60,000 after acquiring an additional 91 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Watts Water Technologies by 108.4% in the 1st quarter. UMB Bank n.a. now owns 323 shares of the technology company's stock valued at $66,000 after acquiring an additional 168 shares in the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.

Watts Water Technologies Stock Performance

WTS stock traded down $1.8720 during mid-day trading on Wednesday, hitting $276.3280. 176,855 shares of the company were exchanged, compared to its average volume of 242,282. The business has a 50 day simple moving average of $254.89 and a 200-day simple moving average of $229.41. 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 has a market capitalization of $9.22 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 3.36 and a beta of 1.13. Watts Water Technologies, Inc. has a 1-year low of $177.59 and a 1-year high of $279.16.

Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.41. The firm had revenue of $643.70 million during the quarter, compared to the consensus estimate of $612.15 million. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $2.46 earnings per share. On average, equities analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, August 29th. This represents a $2.08 annualized dividend and a yield of 0.8%. Watts Water Technologies's dividend payout ratio (DPR) is 22.37%.

Insider Buying and Selling

In other news, major shareholder Timothy P. Horne sold 7,000 shares of Watts Water Technologies stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $241.85, for a total value of $1,692,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph T. Noonan sold 713 shares of Watts Water Technologies stock in a transaction that occurred on 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 sale, the director owned 1,194 shares of the company's stock, valued at approximately $327,693.30. The trade was a 37.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Watts Water Technologies from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Northcoast Research cut Watts Water Technologies from a "buy" rating to a "neutral" rating in a report on Friday, May 16th. Stifel Nicolaus lifted their price target on Watts Water Technologies from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Watts Water Technologies in a report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $245.50.

Watts Water Technologies 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.