Dynamic Technology Lab Private Ltd Cuts Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Dynamic Technology Lab Private Ltd lessened its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 65.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,469 shares of the technology company’s stock after selling 8,655 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Watts Water Technologies were worth $926,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of Watts Water Technologies by 17.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 10,856 shares of the technology company’s stock worth $2,307,000 after acquiring an additional 1,616 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Watts Water Technologies by 64.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,636 shares of the technology company’s stock worth $348,000 after purchasing an additional 640 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Watts Water Technologies during the first quarter valued at about $111,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Watts Water Technologies by 54.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 44,840 shares of the technology company’s stock valued at $9,348,000 after buying an additional 15,901 shares in the last quarter. Finally, HM Payson & Co. grew its position in shares of Watts Water Technologies by 11.6% in the 1st quarter. HM Payson & Co. now owns 2,013 shares of the technology company’s stock worth $428,000 after buying an additional 210 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors.

Watts Water Technologies Stock Up 0.1 %

Shares of WTS stock opened at $215.09 on Thursday. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $221.19. The firm has a market capitalization of $7.17 billion, a PE ratio of 25.79, a P/E/G ratio of 3.12 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55. The stock’s 50-day simple moving average is $205.82 and its 200-day simple moving average is $197.81.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The company had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. Watts Water Technologies’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $2.04 EPS. Equities analysts expect that Watts Water Technologies, Inc. will post 8.75 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, November 29th. Watts Water Technologies’s dividend payout ratio is currently 20.62%.

Insider Buying and Selling at Watts Water Technologies

In other news, insider Monica Barry sold 1,559 shares of Watts Water Technologies stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $212.52, for a total transaction of $331,318.68. Following the completion of the transaction, the insider now directly owns 4,430 shares of the company’s stock, valued at $941,463.60. The trade was a 26.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert J. Pagano, Jr. sold 20,810 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total transaction of $4,415,882.00. Following the completion of the transaction, the chief executive officer now owns 176,045 shares of the company’s stock, valued at approximately $37,356,749. This represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,974 shares of company stock worth $6,924,594. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

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

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.