Watts Water Technologies, Inc. $WTS Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP decreased its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,963 shares of the technology company’s stock after selling 2,044 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Watts Water Technologies were worth $3,679,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners raised its position 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 purchasing an additional 273,628 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Watts Water Technologies during the first quarter worth approximately $49,199,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Watts Water Technologies in the second quarter worth $50,400,000. Allianz Asset Management GmbH raised its holdings in Watts Water Technologies by 2,366.7% in the second 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 in the last quarter. Finally, Geode Capital Management LLC boosted its stake in 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 valued at $197,728,000 after acquiring an additional 138,034 shares during the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Stock Performance

Shares of WTS stock opened at $277.71 on Friday. The company has a market cap of $9.26 billion, a P/E ratio of 29.86, a PEG ratio of 3.27 and a beta of 1.17. The business has a 50 day moving average of $275.40 and a two-hundred day moving average of $263.61. Watts Water Technologies, Inc. has a 52 week low of $177.59 and a 52 week high of $287.89. 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 (NYSE:WTS) last posted its earnings results on Wednesday, November 5th. The technology company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.21. The company had revenue of $611.70 million for the quarter, compared to analysts’ expectations of $576.20 million. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $2.03 earnings per share. Watts Water Technologies has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Watts Water Technologies’s dividend payout ratio is presently 21.47%.

Analysts Set New Price Targets

WTS has been the subject of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Watts Water Technologies from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Watts Water Technologies in a report on Friday, August 8th. Barclays upped their price objective on Watts Water Technologies from $287.00 to $300.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Watts Water Technologies in a research report on Monday. Finally, Wall Street Zen upgraded Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $264.25.

Insider Activity

In related news, major shareholder Timothy P. Horne sold 6,994 shares of the stock in a transaction dated Wednesday, November 12th. The shares were 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 owned 23,006 shares in the company, valued at $6,410,621.90. This represents a 23.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 15,000 shares of company stock valued at $4,128,936 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.