Watts Water Technologies, Inc. $WTS Shares Bought by Creative Planning

Creative Planning grew its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 13.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,616 shares of the technology company’s stock after buying an additional 1,505 shares during the quarter. Creative Planning’s holdings in Watts Water Technologies were worth $3,102,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of WTS. Boston Partners raised its position in Watts Water Technologies by 43.3% in the first quarter. Boston Partners now owns 905,783 shares of the technology company’s stock worth $184,708,000 after acquiring an additional 273,628 shares in the last quarter. Nuveen LLC purchased a new position in Watts Water Technologies in the first quarter valued at about $49,199,000. Vaughan Nelson Investment Management L.P. purchased a new position in Watts Water Technologies in the second quarter valued at about $50,400,000. Allianz Asset Management GmbH lifted its position in shares of 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 acquiring an additional 147,068 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Watts Water Technologies by 20.7% during the 2nd quarter. Geode Capital Management LLC now owns 804,050 shares of the technology company’s stock worth $197,728,000 after acquiring an additional 138,034 shares in the last quarter. 95.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen raised Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Stifel Nicolaus raised their price target 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. Barclays boosted their price objective on shares of Watts Water Technologies from $287.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Watts Water Technologies in a report on Friday, August 8th. Finally, Zacks Research lowered shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $264.25.

Insider Activity at Watts Water Technologies

In related news, major shareholder Timothy P. Horne sold 6,994 shares of the company’s stock in a transaction 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 approximately $6,410,621.90. This represents a 23.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Watts Water Technologies Price Performance

NYSE:WTS opened at $271.99 on Monday. Watts Water Technologies, Inc. has a 12-month low of $177.59 and a 12-month high of $287.89. The firm has a market cap of $9.07 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 3.27 and a beta of 1.17. The company’s 50-day moving average is $275.91 and its two-hundred day moving average is $262.86. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.10.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.21. The business had revenue of $611.70 million during the quarter, compared to analyst estimates of $576.20 million. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.03 earnings per share. Watts Water Technologies has set its FY 2025 guidance at EPS. Research analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given 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 dividend yield of 0.8%. Watts Water Technologies’s payout ratio is currently 21.47%.

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.