Watts Water Technologies, Inc. (NYSE:WTS) Insider Monica Barry Sells 1,559 Shares

Watts Water Technologies, Inc. (NYSE:WTS) insider Monica Barry sold 1,559 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $212.52, for a total transaction of $331,318.68. Following the transaction, the insider now directly owns 4,430 shares in the company, valued at approximately $941,463.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Watts Water Technologies Price Performance

Shares of WTS stock opened at $208.59 on Friday. The stock’s 50-day moving average is $201.10 and its 200 day moving average is $197.32. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $219.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. The company has a market cap of $6.95 billion, a P/E ratio of 25.01, a PEG ratio of 3.04 and a beta of 0.90.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $543.60 million for the quarter, compared to analysts’ expectations of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $2.04 EPS. Research analysts predict that Watts Water Technologies, Inc. will post 8.72 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.72 annualized dividend and a dividend yield of 0.82%. Watts Water Technologies’s dividend payout ratio is presently 20.62%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a report on Monday, November 4th. Stifel Nicolaus dropped their target price on shares of Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Robert W. Baird reduced their price target on shares of Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Watts Water Technologies has a consensus rating of “Hold” and a consensus target price of $200.25.

Institutional Trading of Watts Water Technologies

A number of institutional investors have recently made changes to their positions in WTS. HWG Holdings LP acquired a new position in Watts Water Technologies during the 2nd quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of Watts Water Technologies during the 3rd quarter valued at about $30,000. Gradient Investments LLC acquired a new stake in Watts Water Technologies during the second quarter worth about $31,000. Blue Trust Inc. boosted its position in Watts Water Technologies by 520.5% in the 2nd quarter. Blue Trust Inc. now owns 273 shares of the technology company’s stock worth $50,000 after purchasing an additional 229 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Watts Water Technologies during the 1st quarter valued at approximately $53,000. Institutional investors and hedge funds own 95.02% of the company’s stock.

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.