Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Watts Water Technologies, Inc. (NYSE:WTS) by 2.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 16,974 shares of the technology company’s stock after selling 510 shares during the period. Amalgamated Bank’s holdings in Watts Water Technologies were worth $3,536,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Watts Water Technologies by 0.9% during the third quarter. Vanguard Group Inc. now owns 3,188,071 shares of the technology company’s stock worth $550,962,000 after acquiring an additional 29,113 shares during the period. Victory Capital Management Inc. raised its position in shares of Watts Water Technologies by 1.3% during the 3rd quarter. Victory Capital Management Inc. now owns 592,018 shares of the technology company’s stock worth $102,313,000 after purchasing an additional 7,732 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Watts Water Technologies by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 292,299 shares of the technology company’s stock worth $50,515,000 after purchasing an additional 18,213 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Watts Water Technologies by 0.7% in the 4th quarter. Boston Trust Walden Corp now owns 264,438 shares of the technology company’s stock worth $55,093,000 after purchasing an additional 1,774 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Watts Water Technologies by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 184,615 shares of the technology company’s stock valued at $31,905,000 after purchasing an additional 840 shares during the period. 95.02% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Timothy P. Horne sold 764 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $199.00, for a total value of $152,036.00. Following the sale, the insider now directly owns 14,236 shares in the company, valued at approximately $2,832,964. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael J. Dubose sold 329 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $197.91, for a total transaction of $65,112.39. Following the sale, the director now owns 2,392 shares in the company, valued at $473,400.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Timothy P. Horne sold 764 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $199.00, for a total transaction of $152,036.00. Following the completion of the sale, the insider now owns 14,236 shares of the company’s stock, valued at approximately $2,832,964. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,113 shares of company stock worth $1,023,106. Corporate insiders own 1.10% of the company’s stock.

Watts Water Technologies Price Performance

NYSE WTS opened at $211.22 on Friday. Watts Water Technologies, Inc. has a 12 month low of $156.85 and a 12 month high of $219.52. The firm has a market capitalization of $7.03 billion, a PE ratio of 27.01, a P/E/G ratio of 3.00 and a beta of 0.95. The company’s 50 day simple moving average is $205.16 and its 200 day simple moving average is $199.78. 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 (NYSE:WTS) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.22. The company had revenue of $570.90 million for the quarter, compared to analysts’ expectations of $547.20 million. Watts Water Technologies had a return on equity of 19.38% and a net margin of 12.75%. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period last year, the firm earned $1.92 EPS. As a group, equities research analysts forecast that Watts Water Technologies, Inc. will post 8.53 EPS for the current fiscal year.

Watts Water Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.81%. This is an increase from Watts Water Technologies’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, May 31st. Watts Water Technologies’s dividend payout ratio is presently 18.41%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Stifel Nicolaus increased their target price on Watts Water Technologies from $206.00 to $209.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Robert W. Baird increased 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $195.25.

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.