Watts Water Technologies, Inc. (NYSE:WTS) Shares Purchased by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC boosted its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 7.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,260 shares of the technology company’s stock after acquiring an additional 364 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Watts Water Technologies were worth $965,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in shares of Watts Water Technologies by 4.2% in the first quarter. Park Avenue Securities LLC now owns 1,645 shares of the technology company’s stock valued at $350,000 after purchasing an additional 67 shares during the period. Banco Santander S.A. boosted its position in Watts Water Technologies by 1.2% in the 2nd quarter. Banco Santander S.A. now owns 6,424 shares of the technology company’s stock valued at $1,178,000 after buying an additional 76 shares during the period. Fifth Third Bancorp grew its stake in shares of Watts Water Technologies by 30.0% in the second quarter. Fifth Third Bancorp now owns 338 shares of the technology company’s stock worth $62,000 after acquiring an additional 78 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Watts Water Technologies by 0.3% during the first quarter. Retirement Systems of Alabama now owns 34,367 shares of the technology company’s stock worth $7,305,000 after acquiring an additional 90 shares during the period. Finally, State of Michigan Retirement System raised its stake in shares of Watts Water Technologies by 1.5% in the first quarter. State of Michigan Retirement System now owns 6,695 shares of the technology company’s stock valued at $1,423,000 after acquiring an additional 100 shares in the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Watts Water Technologies news, insider Elie Melhem sold 1,710 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total value of $316,623.60. Following the completion of the transaction, the insider now owns 11,516 shares in the company, valued at $2,132,302.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Watts Water Technologies news, insider Elie Melhem sold 1,710 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total value of $316,623.60. Following the completion of the sale, the insider now owns 11,516 shares in the company, valued at $2,132,302.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael J. Dubose sold 315 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $185.93, for a total value of $58,567.95. Following the completion of the sale, the director now directly owns 2,755 shares of the company’s stock, valued at $512,237.15. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Watts Water Technologies Stock Performance

NYSE:WTS opened at $207.51 on Friday. The firm has a market capitalization of $6.92 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 1.49. The business’s fifty day moving average price is $195.15 and its 200 day moving average price is $197.77. Watts Water Technologies, Inc. has a 12 month low of $167.87 and a 12 month high of $219.52.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Wednesday, August 7th. The technology company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.13. The business had revenue of $597.30 million for the quarter, compared to analyst estimates of $589.55 million. Watts Water Technologies had a return on equity of 19.22% and a net margin of 12.44%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $2.34 EPS. On average, sell-side analysts anticipate that Watts Water Technologies, Inc. will post 8.71 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, August 30th. Watts Water Technologies’s dividend payout ratio (DPR) is 21.34%.

Analyst Ratings Changes

Several research firms recently commented on WTS. Robert W. Baird lowered their target price on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. StockNews.com raised Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Stifel Nicolaus reduced their target price 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.

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.