XTX Topco Ltd Acquires 1,180 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

XTX Topco Ltd raised its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 37.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,301 shares of the technology company’s stock after buying an additional 1,180 shares during the period. XTX Topco Ltd’s holdings in Watts Water Technologies were worth $877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cerity Partners LLC grew its position in shares of Watts Water Technologies by 0.5% in the fourth quarter. Cerity Partners LLC now owns 12,410 shares of the technology company’s stock valued at $2,541,000 after purchasing an additional 58 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Watts Water Technologies by 2.0% in the first quarter. Mackenzie Financial Corp now owns 4,172 shares of the technology company’s stock valued at $851,000 after purchasing an additional 80 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Watts Water Technologies by 57.3% in the first 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 during the last quarter. State of Alaska Department of Revenue grew its position in shares of Watts Water Technologies by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 3,207 shares of the technology company’s stock valued at $653,000 after purchasing an additional 85 shares during the last quarter. Finally, Parallel Advisors LLC grew its position 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 purchasing an additional 91 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on WTS. Stifel Nicolaus increased their price target on Watts Water Technologies from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Northcoast Research downgraded Watts Water Technologies from a “buy” rating to a “neutral” rating in a report on Friday, May 16th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $234.20.

Watts Water Technologies Stock Performance

Shares of WTS opened at $259.42 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.46 and a quick ratio of 1.53. The stock has a 50-day moving average of $247.72 and a 200-day moving average of $224.22. The company has a market cap of $8.66 billion, a PE ratio of 29.72, a P/E/G ratio of 3.69 and a beta of 1.13. Watts Water Technologies, Inc. has a one year low of $177.59 and a one year high of $263.07.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.25. Watts Water Technologies had a return on equity of 17.59% and a net margin of 13.07%. The business had revenue of $558.00 million during the quarter, compared to the consensus estimate of $547.58 million. During the same quarter in the previous year, the business earned $2.33 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities research analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Shashank Patel sold 8,000 shares of Watts Water Technologies stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $245.00, for a total value of $1,960,000.00. Following the sale, the chief financial officer owned 2,754 shares of the company’s stock, valued at approximately $674,730. The trade was a 74.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Monica Barry sold 768 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $245.40, for a total transaction of $188,467.20. Following the sale, the insider directly owned 6,236 shares in the company, valued at $1,530,314.40. The trade was a 10.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,768 shares of company stock valued at $3,841,417 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

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.