Amalgamated Bank Has $2.49 Million Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Amalgamated Bank trimmed its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,197 shares of the technology company’s stock after selling 356 shares during the period. Amalgamated Bank’s holdings in Watts Water Technologies were worth $2,487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in shares of Watts Water Technologies by 57.3% during the 1st quarter. Versant Capital Management Inc now owns 225 shares of the technology company’s stock valued at $46,000 after purchasing an additional 82 shares in the last quarter. Headlands Technologies LLC raised its holdings in Watts Water Technologies by 329.1% during the 4th quarter. Headlands Technologies LLC now owns 236 shares of the technology company’s stock worth $48,000 after buying an additional 181 shares during the period. GAMMA Investing LLC lifted its stake in Watts Water Technologies by 80.5% in the first quarter. GAMMA Investing LLC now owns 278 shares of the technology company’s stock valued at $57,000 after buying an additional 124 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Watts Water Technologies by 45.0% in the first quarter. Parallel Advisors LLC now owns 293 shares of the technology company’s stock valued at $60,000 after buying an additional 91 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Watts Water Technologies by 108.4% in the first quarter. UMB Bank n.a. now owns 323 shares of the technology company’s stock valued at $66,000 after buying an additional 168 shares during the period. 95.02% of the stock is owned by institutional investors and hedge funds.

Watts Water Technologies Stock Performance

Shares of WTS stock opened at $255.10 on Friday. Watts Water Technologies, Inc. has a 12 month low of $175.37 and a 12 month high of $255.29. The company’s fifty day simple moving average is $237.82 and its 200-day simple moving average is $217.05. The firm has a market cap of $8.52 billion, a PE ratio of 29.22, a P/E/G ratio of 3.72 and a beta of 1.12. The company has a quick ratio of 1.53, a current ratio of 2.46 and a debt-to-equity ratio of 0.11.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.12 by $0.25. The firm had revenue of $558.00 million for the quarter, compared to analysts’ expectations of $547.58 million. Watts Water Technologies had a net margin of 13.07% and a return on equity of 17.59%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.33 EPS. Equities research analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.52 per share. This is a positive change from Watts Water Technologies’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.08 annualized dividend and a dividend yield of 0.82%. Watts Water Technologies’s payout ratio is 23.83%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WTS shares. Stifel Nicolaus set a $275.00 price objective on shares of Watts Water Technologies and gave the stock a “buy” rating in a report on Wednesday, June 18th. Northcoast Research downgraded Watts Water Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Watts Water Technologies presently has a consensus rating of “Hold” and an average price target of $231.20.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, insider Monica Barry sold 768 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $245.40, for a total value of $188,467.20. Following the completion of the sale, the insider owned 6,236 shares in the company, valued at $1,530,314.40. This trade represents a 10.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Timothy P. Horne sold 7,000 shares of Watts Water Technologies stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $241.85, for a total transaction of $1,692,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,768 shares of company stock worth $3,841,417 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.