Nisa Investment Advisors LLC Sells 200 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Nisa Investment Advisors LLC reduced its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 17.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 941 shares of the technology company’s stock after selling 200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Watts Water Technologies were worth $196,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WTS. Contravisory Investment Management Inc. bought a new stake in shares of Watts Water Technologies in the fourth quarter worth approximately $26,000. Covestor Ltd grew its stake in shares of Watts Water Technologies by 80.4% in the first quarter. Covestor Ltd now owns 184 shares of the technology company’s stock worth $26,000 after acquiring an additional 82 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of Watts Water Technologies in the second quarter worth approximately $32,000. Allworth Financial LP boosted its holdings in shares of Watts Water Technologies by 47.5% in the fourth quarter. Allworth Financial LP now owns 174 shares of the technology company’s stock worth $36,000 after buying an additional 56 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Watts Water Technologies in the fourth quarter worth approximately $39,000. 95.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on WTS. Stifel Nicolaus raised their price objective on shares of Watts Water Technologies from $206.00 to $209.00 and gave the stock a “hold” rating in a report on Wednesday. Robert W. Baird raised their price objective on shares of Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $191.20.

Watts Water Technologies Price Performance

Shares of NYSE:WTS opened at $203.26 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.61 and a quick ratio of 1.63. Watts Water Technologies, Inc. has a 1-year low of $156.29 and a 1-year high of $219.52. The company has a market capitalization of $6.77 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.91 and a beta of 0.94. The firm’s 50 day simple moving average is $203.84 and its two-hundred day simple moving average is $196.92.

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

Watts Water Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, February 29th. Watts Water Technologies’s dividend payout ratio is currently 18.41%.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 2,500 shares of Watts Water Technologies stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $199.50, for a total transaction of $498,750.00. Following the transaction, the insider now owns 13,564 shares of the company’s stock, valued at $2,706,018. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Elie Melhem sold 2,500 shares of Watts Water Technologies stock in a transaction that occurred on Thursday, February 15th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies 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 owns 14,818 shares in the company, valued at approximately $2,994,865.98. The disclosure for this sale can be found here. Insiders have sold 5,113 shares of company stock valued at $1,023,106 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

About Watts Water Technologies

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.