Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,914 shares of the technology company’s stock after selling 891 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Watts Water Technologies were worth $3,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WTS. American Century Companies Inc. lifted its position in Watts Water Technologies by 12.9% in the first quarter. American Century Companies Inc. now owns 4,237 shares of the technology company’s stock valued at $591,000 after buying an additional 483 shares during the last quarter. US Bancorp DE lifted its position in Watts Water Technologies by 41.6% in the first quarter. US Bancorp DE now owns 881 shares of the technology company’s stock valued at $123,000 after buying an additional 259 shares during the last quarter. Rhumbline Advisers lifted its position in Watts Water Technologies by 14.8% in the first quarter. Rhumbline Advisers now owns 79,951 shares of the technology company’s stock valued at $11,160,000 after buying an additional 10,288 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in Watts Water Technologies in the first quarter valued at about $2,395,000. Finally, Lord Abbett & CO. LLC acquired a new position in Watts Water Technologies in the first quarter valued at about $14,626,000. Institutional investors and hedge funds own 95.02% of the company’s stock.

Analyst Ratings Changes

WTS has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on shares of Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a research report on Wednesday. Robert W. Baird upped their target price on shares of Watts Water Technologies from $191.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Four research 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 a consensus rating of “Hold” and a consensus price target of $191.20.

Insider Buying and Selling

In related news, CAO Virginia A. Halloran sold 1,520 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the sale, the chief accounting officer now directly owns 14,818 shares in the company, valued at $2,994,865.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Virginia A. Halloran sold 1,520 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the sale, the chief accounting officer now directly owns 14,818 shares in the company, valued at $2,994,865.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elie Melhem sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $199.50, for a total transaction of $498,750.00. Following the sale, the insider now owns 13,564 shares in the company, valued at $2,706,018. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,113 shares of company stock worth $1,023,106. Company insiders own 1.10% of the company’s stock.

Watts Water Technologies Stock Down 1.1 %

Shares of WTS opened at $198.11 on Thursday. The stock has a market capitalization of $6.60 billion, a PE ratio of 25.33, a P/E/G ratio of 2.94 and a beta of 0.94. Watts Water Technologies, Inc. has a 1 year low of $156.29 and a 1 year high of $219.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.61. The company’s 50-day simple moving average is $204.36 and its 200-day simple moving average is $196.67.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.19. The business had revenue of $547.50 million for the quarter, compared to analysts’ expectations of $532.58 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 earnings per share. Analysts forecast that Watts Water Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. Watts Water Technologies’s payout ratio is 18.41%.

Watts Water Technologies 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.