Quantamental Technologies LLC boosted its holdings in shares of Watts Water Technologies Inc (NYSE:WTS) by 87.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,500 shares of the technology company’s stock after purchasing an additional 700 shares during the period. Quantamental Technologies LLC’s holdings in Watts Water Technologies were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of WTS. SG Americas Securities LLC purchased a new stake in shares of Watts Water Technologies in the 1st quarter valued at approximately $176,000. Whittier Trust Co. grew its stake in shares of Watts Water Technologies by 285.7% in the 1st quarter. Whittier Trust Co. now owns 5,400 shares of the technology company’s stock valued at $436,000 after buying an additional 4,000 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Watts Water Technologies by 2,908.7% in the 1st quarter. Quadrant Capital Group LLC now owns 692 shares of the technology company’s stock valued at $54,000 after buying an additional 669 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Watts Water Technologies by 153.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 80,292 shares of the technology company’s stock valued at $6,489,000 after buying an additional 48,570 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Watts Water Technologies by 295.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,894 shares of the technology company’s stock valued at $557,000 after buying an additional 5,150 shares during the period. Institutional investors own 77.67% of the company’s stock.
Several equities analysts have recently commented on WTS shares. Janney Montgomery Scott lowered shares of Watts Water Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $81.00 to $83.00 in a report on Monday, February 11th. Oppenheimer restated a “hold” rating on shares of Watts Water Technologies in a report on Monday, February 11th. Zacks Investment Research lowered shares of Watts Water Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Finally, Stifel Nicolaus upped their price objective on shares of Watts Water Technologies from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $89.50.
In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 13,481 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $79.52, for a total transaction of $1,072,009.12. Following the sale, the insider now directly owns 12,500 shares in the company, valued at approximately $994,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Timothy P. Horne sold 10,142 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $79.57, for a total transaction of $806,998.94. Following the sale, the insider now owns 2,358 shares in the company, valued at $187,626.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,055 shares of company stock worth $5,707,415. 0.75% of the stock is owned by company insiders.
Shares of WTS stock opened at $84.56 on Thursday. The company has a current ratio of 2.27, a quick ratio of 1.35 and a debt-to-equity ratio of 0.38. Watts Water Technologies Inc has a one year low of $61.17 and a one year high of $93.35. The company has a market capitalization of $2.91 billion, a PE ratio of 22.61, a P/E/G ratio of 2.13 and a beta of 1.22.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. Watts Water Technologies had a net margin of 8.10% and a return on equity of 14.93%. The firm had revenue of $388.70 million for the quarter, compared to analyst estimates of $388.77 million. During the same period in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts expect that Watts Water Technologies Inc will post 4.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.23 dividend. This is a positive change from Watts Water Technologies’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, May 30th. Watts Water Technologies’s dividend payout ratio is currently 22.46%.
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About Watts Water Technologies
Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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