Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC cut its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTSGet Rating) by 37.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 266 shares of the technology company’s stock after selling 162 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Watts Water Technologies were worth $37,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in Watts Water Technologies by 69.0% during the 1st quarter. SG Americas Securities LLC now owns 13,197 shares of the technology company’s stock valued at $1,842,000 after acquiring an additional 5,390 shares in the last quarter. Dupont Capital Management Corp grew its stake in Watts Water Technologies by 8.4% during the 1st quarter. Dupont Capital Management Corp now owns 15,958 shares of the technology company’s stock valued at $2,228,000 after acquiring an additional 1,242 shares in the last quarter. Advisor Partners LLC grew its stake in Watts Water Technologies by 21.5% during the 1st quarter. Advisor Partners LLC now owns 1,534 shares of the technology company’s stock valued at $214,000 after acquiring an additional 271 shares in the last quarter. Pendal Group Ltd grew its stake in Watts Water Technologies by 87.7% during the 1st quarter. Pendal Group Ltd now owns 15,935 shares of the technology company’s stock valued at $2,224,000 after acquiring an additional 7,445 shares in the last quarter. Finally, Welch & Forbes LLC grew its stake in Watts Water Technologies by 12.6% during the 1st quarter. Welch & Forbes LLC now owns 8,474 shares of the technology company’s stock valued at $1,183,000 after acquiring an additional 950 shares in the last quarter. 75.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTS has been the subject of several research reports. Cowen dropped their price objective on shares of Watts Water Technologies from $130.00 to $120.00 in a research note on Tuesday, June 28th. Cowen dropped their price target on shares of Watts Water Technologies from $130.00 to $120.00 in a research note on Tuesday, June 28th. Boenning Scattergood reissued a “neutral” rating on shares of Watts Water Technologies in a research note on Wednesday, May 4th. Stifel Nicolaus dropped their price target on shares of Watts Water Technologies from $141.00 to $130.00 in a research note on Wednesday, July 20th. Finally, Northcoast Research started coverage on shares of Watts Water Technologies in a research note on Friday, July 15th. They issued a “neutral” rating for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $129.25.

Insider Transactions at Watts Water Technologies

In other news, insider Elie Melhem sold 3,800 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $129.54, for a total value of $492,252.00. Following the transaction, the insider now directly owns 12,303 shares in the company, valued at approximately $1,593,730.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Watts Water Technologies Stock Performance

Shares of WTS stock opened at $146.98 on Friday. The firm’s 50 day moving average price is $127.93 and its 200-day moving average price is $137.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.28 and a current ratio of 2.27. Watts Water Technologies, Inc. has a one year low of $116.31 and a one year high of $212.00. The firm has a market cap of $4.92 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.79 and a beta of 0.98.

Watts Water Technologies (NYSE:WTSGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.39 by $0.24. Watts Water Technologies had a net margin of 9.60% and a return on equity of 17.41%. The firm had revenue of $463.20 million for the quarter, compared to analyst estimates of $442.80 million. During the same period in the prior year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities research analysts predict that Watts Water Technologies, Inc. will post 6.14 EPS for the current year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.30 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. Watts Water Technologies’s dividend payout ratio is currently 22.77%.

Watts Water Technologies Profile

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Watts Water Technologies, Inc designs, manufactures, and sells products, solution, and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. 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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