Coppell Advisory Solutions LLC acquired a new position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,407 shares of the technology company's stock, valued at approximately $8,771,000. Watts Water Technologies makes up approximately 1.7% of Coppell Advisory Solutions LLC's portfolio, making the stock its 10th largest position. Coppell Advisory Solutions LLC owned approximately 0.07% of Watts Water Technologies as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wexford Capital LP bought a new stake in Watts Water Technologies in the third quarter worth approximately $26,000. Acumen Wealth Advisors LLC acquired a new position in Watts Water Technologies in the fourth quarter valued at approximately $28,000. Clearstead Advisors LLC boosted its holdings in shares of Watts Water Technologies by 69.4% during the 4th quarter. Clearstead Advisors LLC now owns 105 shares of the technology company's stock worth $29,000 after buying an additional 43 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Watts Water Technologies during the 3rd quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Watts Water Technologies during the 4th quarter worth approximately $29,000. 95.02% of the stock is owned by institutional investors and hedge funds.
Watts Water Technologies Trading Down 1.1%
NYSE:WTS opened at $351.83 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.66 and a quick ratio of 1.60. The firm has a 50-day moving average of $362.75 and a 200-day moving average of $328.11. The company has a market cap of $11.74 billion, a PE ratio of 30.73, a PEG ratio of 3.49 and a beta of 1.13. Watts Water Technologies, Inc. has a one year low of $260.00 and a one year high of $394.54.
Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.32. The business had revenue of $763.10 million for the quarter, compared to analysts' expectations of $725.99 million. Watts Water Technologies had a net margin of 14.34% and a return on equity of 19.16%. The firm's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.09 EPS. As a group, equities research analysts expect that Watts Water Technologies, Inc. will post 12.75 EPS for the current fiscal year.
Watts Water Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.52 annualized dividend and a yield of 0.7%. Watts Water Technologies's dividend payout ratio is 22.01%.
Insider Transactions at Watts Water Technologies
In related news, Director Joseph T. Noonan sold 3,650 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $353.72, for a total value of $1,291,078.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on WTS shares. TD Cowen lifted their price objective on shares of Watts Water Technologies from $275.00 to $320.00 and gave the company a "hold" rating in a research note on Thursday, July 2nd. Stifel Nicolaus increased their target price on shares of Watts Water Technologies from $379.00 to $403.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Barclays raised their price target on shares of Watts Water Technologies from $414.00 to $425.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $358.00 price objective on shares of Watts Water Technologies in a report on Friday, May 8th. Finally, KeyCorp increased their price objective on shares of Watts Water Technologies from $380.00 to $400.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $367.70.
View Our Latest Research Report on WTS
Watts Water Technologies Company Profile
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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.
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