SG Americas Securities LLC trimmed its holdings in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 69.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,880 shares of the technology company's stock after selling 4,200 shares during the period. SG Americas Securities LLC's holdings in Watts Water Technologies were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Watts Water Technologies by 36,711.7% in the first quarter. GAMMA Investing LLC now owns 56,690 shares of the technology company's stock worth $11,560,000 after acquiring an additional 56,536 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Watts Water Technologies by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,703 shares of the technology company's stock worth $64,996,000 after purchasing an additional 3,296 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Watts Water Technologies by 13.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 71,608 shares of the technology company's stock worth $14,558,000 after purchasing an additional 8,728 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Watts Water Technologies by 9.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 82,225 shares of the technology company's stock worth $16,716,000 after purchasing an additional 7,150 shares during the period. Finally, American Century Companies Inc. grew its holdings in Watts Water Technologies by 90.3% during the 4th quarter. American Century Companies Inc. now owns 30,111 shares of the technology company's stock valued at $6,122,000 after buying an additional 14,288 shares in the last quarter. Institutional investors own 95.02% of the company's stock.
Analysts Set New Price Targets
WTS has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $275.00 price target on shares of Watts Water Technologies and gave the stock a "buy" rating in a report on Wednesday, June 18th. Northcoast Research lowered shares of Watts Water Technologies from a "buy" rating to a "neutral" rating in a report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $231.20.
Read Our Latest Report on WTS
Watts Water Technologies Price Performance
Shares of NYSE:WTS traded down $0.81 on Friday, hitting $246.41. The company's stock had a trading volume of 269,598 shares, compared to its average volume of 173,558. The company has a market capitalization of $8.23 billion, a PE ratio of 28.23, a PEG ratio of 3.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.46 and a quick ratio of 1.53. The company has a 50-day simple moving average of $232.99 and a 200 day simple moving average of $215.78. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $249.51.
Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The technology company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.25. Watts Water Technologies had a net margin of 13.07% and a return on equity of 17.59%. The business had revenue of $558.00 million for the quarter, compared to the consensus estimate of $547.58 million. During the same period last year, the firm posted $2.33 earnings per share. Watts Water Technologies's quarterly revenue was down 2.3% on a year-over-year basis. Sell-side analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.
Watts Water Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.08 annualized dividend and a dividend yield of 0.84%. This is a boost from Watts Water Technologies's previous quarterly dividend of $0.43. Watts Water Technologies's dividend payout ratio (DPR) is 23.83%.
Insider Transactions at Watts Water Technologies
In other news, major shareholder Timothy P. Horne sold 7,000 shares of the 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 document filed with the SEC, which is available through the SEC website. Also, CFO Shashank Patel sold 8,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $245.00, for a total value of $1,960,000.00. Following the transaction, the chief financial officer now directly owns 2,754 shares in the company, valued at approximately $674,730. This represents a 74.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,768 shares of company stock valued at $3,841,417. Insiders own 1.00% of the company's stock.
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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