Advisors Asset Management Inc. Has $1.69 Million Stock Holdings in Watts Water Technologies, Inc. $WTS

Advisors Asset Management Inc. lifted its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 15.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,859 shares of the technology company’s stock after acquiring an additional 917 shares during the period. Advisors Asset Management Inc.’s holdings in Watts Water Technologies were worth $1,687,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WTS. MTM Investment Management LLC bought a new position in Watts Water Technologies during the second quarter worth about $25,000. Cullen Frost Bankers Inc. lifted its position in shares of Watts Water Technologies by 156.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 80 shares during the period. Costello Asset Management INC acquired a new stake in Watts Water Technologies in the 1st quarter valued at $33,000. Summit Securities Group LLC bought a new stake in Watts Water Technologies in the first quarter valued at $64,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Watts Water Technologies during the first quarter worth $77,000. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Stock Performance

WTS stock opened at $275.88 on Friday. The company has a 50 day moving average price of $275.30 and a 200 day moving average price of $263.97. Watts Water Technologies, Inc. has a fifty-two week low of $177.59 and a fifty-two week high of $287.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.59 and a quick ratio of 1.63. The stock has a market capitalization of $9.20 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 3.27 and a beta of 1.17.

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

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, December 1st. Watts Water Technologies’s dividend payout ratio (DPR) is presently 21.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WTS shares. Zacks Research downgraded shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Barclays lifted their price target on shares of Watts Water Technologies from $287.00 to $300.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Wall Street Zen upgraded shares of Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus raised their price objective on shares of Watts Water Technologies from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Watts Water Technologies in a report on Monday, November 24th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $264.25.

Insiders Place Their Bets

In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 6,814 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $272.32, for a total transaction of $1,855,588.48. Following the transaction, the insider directly owned 15,000 shares in the company, valued at approximately $4,084,800. This represents a 31.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 15,000 shares of company stock worth $4,128,936. Insiders own 1.00% of the company’s stock.

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.