Two Sigma Investments LP Buys Shares of 4,121 Watts Water Technologies Inc (WTS)

Two Sigma Investments LP bought a new stake in shares of Watts Water Technologies Inc (NYSE:WTS) in the 4th quarter, HoldingsChannel reports. The firm bought 4,121 shares of the technology company’s stock, valued at approximately $266,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Watts Water Technologies by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,767,832 shares of the technology company’s stock valued at $229,730,000 after acquiring an additional 45,313 shares during the period. Vanguard Group Inc raised its position in Watts Water Technologies by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 2,767,832 shares of the technology company’s stock valued at $229,730,000 after purchasing an additional 45,313 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Watts Water Technologies by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,009,786 shares of the technology company’s stock valued at $65,162,000 after purchasing an additional 11,985 shares during the last quarter. Victory Capital Management Inc. raised its position in Watts Water Technologies by 23.2% during the 4th quarter. Victory Capital Management Inc. now owns 969,869 shares of the technology company’s stock valued at $62,586,000 after purchasing an additional 182,700 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in Watts Water Technologies by 2.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 420,000 shares of the technology company’s stock valued at $27,103,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors own 77.56% of the company’s stock.

In other news, insider Elie Melhem sold 2,681 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $80.77, for a total value of $216,544.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Munish Nanda sold 11,059 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $79.32, for a total value of $877,199.88. The disclosure for this sale can be found here. Insiders sold a total of 71,055 shares of company stock valued at $5,707,415 in the last three months. Corporate insiders own 0.75% of the company’s stock.



WTS has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed a “hold” rating on shares of Watts Water Technologies in a research report on Monday, February 11th. Janney Montgomery Scott lowered Watts Water Technologies from a “buy” rating to a “neutral” rating and upped their price target for the company from $81.00 to $83.00 in a research report on Monday, February 11th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $89.50.

WTS opened at $83.84 on Monday. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.25. Watts Water Technologies Inc has a one year low of $61.17 and a one year high of $93.35.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Thursday, February 7th. The technology company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $387.60 million during the quarter, compared to analyst estimates of $382.33 million. Watts Water Technologies had a return on equity of 14.71% and a net margin of 7.97%. Watts Water Technologies’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 EPS. Equities research analysts forecast that Watts Water Technologies Inc will post 4.07 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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