Voleon Capital Management LP Grows Stock Holdings in Watts Water Technologies, Inc. $WTS

Key Points

• Voleon Capital Management LP increased its holdings in Watts Water Technologies, acquiring an additional 2,744 shares, resulting in a total of 7,812 shares valued at approximately $1.59 million.
• Watts Water Technologies recently announced a quarterly dividend of $0.52 per share, with a declared ex-dividend date of August 29th and a yield of 0.7%.
• The company reported strong quarterly earnings of $3.09 EPS, exceeding expectations by $0.41, and revenue of $643.70 million, up 7.8% year-over-year.

Voleon Capital Management LP increased its position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 54.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,812 shares of the technology company's stock after buying an additional 2,744 shares during the period. Voleon Capital Management LP's holdings in Watts Water Technologies were worth $1,593,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in shares of Watts Water Technologies by 80.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the technology company's stock valued at $222,000 after buying an additional 445 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Watts Water Technologies in the 1st quarter valued at about $891,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Watts Water Technologies by 8.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,750 shares of the technology company's stock valued at $4,435,000 after buying an additional 1,755 shares during the period. Integrated Wealth Concepts LLC lifted its position in Watts Water Technologies by 10.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,887 shares of the technology company's stock valued at $385,000 after acquiring an additional 174 shares in the last quarter. Finally, Clark Capital Management Group Inc. acquired a new position in Watts Water Technologies during the 1st quarter valued at about $4,310,000. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Watts Water Technologies

In related news, 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 value of $195,682.85. Following the completion of the transaction, the director directly owned 1,194 shares in the company, valued at approximately $327,693.30. The trade was a 37.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

WTS has been the subject of a number of analyst reports. Wall Street Zen downgraded Watts Water Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Stifel Nicolaus lifted their price target on Watts Water Technologies from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Watts Water Technologies in a research note on Friday, August 8th. Finally, Northcoast Research downgraded Watts Water Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, May 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $245.50.

Watts Water Technologies Stock Performance

Shares of Watts Water Technologies stock traded down $2.18 during mid-day trading on Friday, hitting $281.55. 105,654 shares of the stock were exchanged, compared to its average volume of 163,245. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.63 and a current ratio of 2.59. The company has a market capitalization of $9.39 billion, a P/E ratio of 30.27, a P/E/G ratio of 3.40 and a beta of 1.11. The company has a 50-day simple moving average of $266.48 and a 200 day simple moving average of $237.15. Watts Water Technologies, Inc. has a 12 month low of $177.59 and a 12 month high of $285.90.

Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $3.09 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.41. The company had revenue of $643.70 million for the quarter, compared to analysts' expectations of $612.15 million. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. Watts Water Technologies's revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.46 EPS. Sell-side analysts anticipate that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, August 29th. Watts Water Technologies's payout ratio is 22.37%.

Watts Water Technologies Company 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.