Bank of New York Mellon Corp Sells 4,496 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Bank of New York Mellon Corp decreased its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 238,262 shares of the technology company's stock after selling 4,496 shares during the period. Bank of New York Mellon Corp owned approximately 0.72% of Watts Water Technologies worth $48,586,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its position in shares of Watts Water Technologies by 57.3% during 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 during the last quarter. Headlands Technologies LLC raised its stake in Watts Water Technologies by 329.1% in the fourth quarter. Headlands Technologies LLC now owns 236 shares of the technology company's stock valued at $48,000 after purchasing an additional 181 shares in the last quarter. GAMMA Investing LLC lifted its position in Watts Water Technologies by 80.5% during the first quarter. GAMMA Investing LLC now owns 278 shares of the technology company's stock valued at $57,000 after purchasing an additional 124 shares during the last quarter. Parallel Advisors LLC grew its stake in Watts Water Technologies by 45.0% in the 1st quarter. Parallel Advisors LLC now owns 293 shares of the technology company's stock worth $60,000 after buying an additional 91 shares in the last quarter. Finally, UMB Bank n.a. increased 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 worth $66,000 after buying an additional 168 shares during the last quarter. Institutional investors own 95.02% of the company's stock.

Insider Activity

In related news, major shareholder Timothy P. Horne sold 7,000 shares of Watts Water Technologies stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Monica Barry sold 768 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $245.40, for a total transaction of $188,467.20. Following the sale, the insider directly owned 6,236 shares of the company's stock, valued at $1,530,314.40. The trade was a 10.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,768 shares of company stock valued at $3,841,417. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus set a $275.00 price objective on shares of Watts Water Technologies and gave the stock a "buy" rating in a report on Wednesday, June 18th. Northcoast Research lowered Watts Water Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, May 16th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Watts Water Technologies has a consensus rating of "Hold" and a consensus target price of $231.20.

Watts Water Technologies Trading Down 1.0%

Shares of WTS stock traded down $2.42 on Monday, hitting $252.22. 213,204 shares of the company's stock traded hands, compared to its average volume of 194,454. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 3.65 and a beta of 1.12. The company's fifty day simple moving average is $242.38 and its 200 day simple moving average is $218.90. Watts Water Technologies, Inc. has a one year low of $177.59 and a one year high of $260.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.53 and a current ratio of 2.46.

Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.25. The business had revenue of $558.00 million during the quarter, compared to analyst estimates of $547.58 million. Watts Water Technologies had a net margin of 13.07% and a return on equity of 17.59%. The company's revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 earnings per share. Equities analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.08 annualized dividend and a yield of 0.82%. This is an increase from Watts Water Technologies's previous quarterly dividend of $0.43. Watts Water Technologies's payout ratio is presently 23.83%.

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.