Watts Water Technologies, Inc. $WTS Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 69.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 517 shares of the technology company’s stock after acquiring an additional 212 shares during the period. Nisa Investment Advisors LLC’s holdings in Watts Water Technologies were worth $127,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WTS. Smith Group Asset Management LLC acquired a new stake in Watts Water Technologies in the 2nd quarter valued at approximately $1,585,000. Paralel Advisors LLC purchased a new position in shares of Watts Water Technologies during the second quarter worth $3,217,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Watts Water Technologies by 1,725.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,533 shares of the technology company’s stock valued at $377,000 after buying an additional 1,449 shares in the last quarter. Ethic Inc. raised its holdings in shares of Watts Water Technologies by 31.9% in the 2nd quarter. Ethic Inc. now owns 1,311 shares of the technology company’s stock valued at $322,000 after buying an additional 317 shares during the period. Finally, Birch Hill Investment Advisors LLC lifted its stake in Watts Water Technologies by 1.5% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 186,198 shares of the technology company’s stock worth $45,784,000 after acquiring an additional 2,719 shares in the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Watts Water Technologies Trading Up 1.1%

NYSE WTS opened at $274.78 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.10. Watts Water Technologies, Inc. has a 52 week low of $177.59 and a 52 week high of $287.89. The stock has a market capitalization of $9.17 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 3.27 and a beta of 1.13. The firm has a 50 day moving average of $278.16 and a two-hundred day moving average of $257.08.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.68 by $0.41. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The company had revenue of $643.70 million during the quarter, compared to analysts’ expectations of $612.15 million. During the same quarter in the previous year, the business posted $2.46 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, December 1st. Watts Water Technologies’s payout ratio is 22.37%.

Insider Buying and Selling

In other Watts Water Technologies news, Director Joseph T. Noonan sold 713 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $274.45, for a total transaction of $195,682.85. Following the completion of the transaction, the director owned 1,194 shares in the company, valued at $327,693.30. The trade was a 37.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on WTS. Stifel Nicolaus lifted their target price on Watts Water Technologies from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Watts Water Technologies in a report on Friday, August 8th. Zacks Research cut shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings restated a “buy (b+)” rating on shares of Watts Water Technologies in a report on Tuesday, October 14th. Finally, Wall Street Zen cut shares of Watts Water Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $261.00.

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.