Banco Bilbao Vizcaya Argentaria S.A. Decreases Holdings in Watts Water Technologies, Inc. $WTS

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 8.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,180 shares of the technology company’s stock after selling 191 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Watts Water Technologies were worth $536,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Boston Partners lifted its stake in shares of Watts Water Technologies by 43.3% in the 1st quarter. Boston Partners now owns 905,783 shares of the technology company’s stock valued at $184,708,000 after acquiring an additional 273,628 shares during the last quarter. Nuveen LLC bought a new stake in shares of Watts Water Technologies in the first quarter worth about $49,199,000. Vaughan Nelson Investment Management L.P. purchased a new position in Watts Water Technologies during the 2nd quarter valued at about $50,400,000. Allianz Asset Management GmbH raised its position in Watts Water Technologies by 2,366.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 153,282 shares of the technology company’s stock valued at $37,691,000 after purchasing an additional 147,068 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Watts Water Technologies by 20.7% in the 2nd quarter. Geode Capital Management LLC now owns 804,050 shares of the technology company’s stock worth $197,728,000 after buying an additional 138,034 shares during the period. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Insider Buying and Selling

In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 6,994 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $278.65, for a total value of $1,948,878.10. Following the completion of the transaction, the insider directly owned 23,006 shares in the company, valued at $6,410,621.90. This represents a 23.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Watts Water Technologies Trading Up 0.3%

NYSE:WTS opened at $266.14 on Wednesday. The business has a fifty day moving average price of $276.69 and a 200-day moving average price of $261.68. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 3.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.59 and a quick ratio of 1.63. Watts Water Technologies, Inc. has a one year low of $177.59 and a one year high of $287.89.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, November 5th. The technology company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.21. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The company had revenue of $611.70 million for the quarter, compared to analysts’ expectations of $576.20 million. During the same quarter last year, the business earned $2.03 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. Watts Water Technologies has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. Watts Water Technologies’s payout ratio is currently 21.47%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WTS. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Watts Water Technologies in a research note on Friday, August 8th. Stifel Nicolaus raised their price objective 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. Wall Street Zen upgraded shares of Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Watts Water Technologies in a report on Monday. Finally, Zacks Research downgraded Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Watts Water Technologies currently has an average rating of “Hold” and an average target price of $264.25.

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.