Raymond James Financial Inc. raised its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 8.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,283 shares of the technology company's stock after purchasing an additional 9,935 shares during the quarter. Raymond James Financial Inc. owned approximately 0.37% of Watts Water Technologies worth $25,140,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of WTS. Costello Asset Management INC acquired a new position in Watts Water Technologies in the first quarter valued at about $33,000. Versant Capital Management Inc grew its holdings in shares of Watts Water Technologies by 57.3% during the first quarter. Versant Capital Management Inc now owns 225 shares of the technology company's stock worth $46,000 after purchasing an additional 82 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Watts Water Technologies by 80.5% during the first quarter. GAMMA Investing LLC now owns 278 shares of the technology company's stock worth $57,000 after purchasing an additional 124 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Watts Water Technologies by 45.0% in the first quarter. Parallel Advisors LLC now owns 293 shares of the technology company's stock valued at $60,000 after acquiring an additional 91 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Watts Water Technologies by 108.4% in the first 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 during the last quarter. Institutional investors own 95.02% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on WTS shares. Wall Street Zen upgraded Watts Water Technologies from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Stifel Nicolaus upped their target price on Watts Water Technologies from $290.00 to $300.00 and gave the company a "buy" rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Watts Water Technologies in a report on Friday, August 8th. Finally, Northcoast Research cut Watts Water Technologies from a "buy" rating to a "neutral" rating in a report on Friday, May 16th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $245.50.
Check Out Our Latest Stock Report on WTS
Watts Water Technologies Price Performance
Shares of NYSE:WTS opened at $280.7470 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.10. Watts Water Technologies, Inc. has a twelve month low of $177.59 and a twelve month high of $281.67. The stock's 50 day moving average is $257.11 and its 200-day moving average is $231.25. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 3.39 and a beta of 1.13.
Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.41. The firm had revenue of $643.70 million during the quarter, compared to analyst estimates of $612.15 million. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.The business's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $2.46 EPS. Sell-side analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.
Watts Water Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.52 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.08 annualized dividend and a yield of 0.7%. Watts Water Technologies's dividend payout ratio (DPR) is currently 22.37%.
Insider Activity
In other news, major shareholder Timothy P. Horne sold 7,000 shares of Watts Water Technologies stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $241.85, for a total transaction of $1,692,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph T. Noonan sold 713 shares of Watts Water Technologies stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $274.45, for a total value of $195,682.85. Following the sale, the director owned 1,194 shares of the company's stock, valued at approximately $327,693.30. This trade represents a 37.39% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
About Watts Water Technologies
(
Free Report)
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.
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Want to see what other hedge funds are holding WTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watts Water Technologies, Inc. (NYSE:WTS - Free Report).
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