AE Wealth Management LLC Has $38.62 Million Holdings in Watts Water Technologies, Inc. $WTS

AE Wealth Management LLC boosted its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 10.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,293 shares of the technology company’s stock after purchasing an additional 13,642 shares during the quarter. AE Wealth Management LLC owned 0.41% of Watts Water Technologies worth $38,622,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WTS. Vanguard Personalized Indexing Management LLC increased its stake in Watts Water Technologies by 4.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,086 shares of the technology company’s stock worth $1,141,000 after acquiring an additional 191 shares during the period. Teacher Retirement System of Texas increased its position in shares of Watts Water Technologies by 3.9% in the third quarter. Teacher Retirement System of Texas now owns 32,301 shares of the technology company’s stock worth $9,021,000 after purchasing an additional 1,208 shares during the period. Locust Wood Capital Advisers LLC acquired a new position in Watts Water Technologies in the third quarter valued at about $679,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Watts Water Technologies by 15.0% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 12,416 shares of the technology company’s stock worth $3,468,000 after purchasing an additional 1,620 shares during the period. Finally, Vest Financial LLC grew its stake in Watts Water Technologies by 13.2% during the third quarter. Vest Financial LLC now owns 22,299 shares of the technology company’s stock worth $6,228,000 after buying an additional 2,601 shares in the last quarter. Institutional investors own 95.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WTS shares. Royal Bank Of Canada began coverage on shares of Watts Water Technologies in a research report on Monday, January 5th. They issued a “sector perform” rating and a $288.00 target price for the company. TD Cowen restated a “hold” rating on shares of Watts Water Technologies in a research note on Thursday, January 8th. Wall Street Zen raised Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 10th. Barclays boosted their price target on Watts Water Technologies from $287.00 to $300.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Finally, HSBC began coverage on Watts Water Technologies in a research note on Tuesday. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Watts Water Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.57.

Watts Water Technologies Trading Down 1.4%

Shares of WTS stock opened at $293.48 on Thursday. Watts Water Technologies, Inc. has a twelve month low of $177.59 and a twelve month high of $306.01. The stock’s fifty day simple moving average is $282.57 and its 200 day simple moving average is $275.78. The company has a quick ratio of 1.84, a current ratio of 2.83 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $9.79 billion, a P/E ratio of 30.29, a P/E/G ratio of 2.77 and a beta of 1.24.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.21. Watts Water Technologies had a return on equity of 18.31% and a net margin of 13.79%.The firm had revenue of $611.70 million for the quarter, compared to analyst estimates of $576.20 million. During the same period last year, the firm posted $2.03 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, sell-side analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

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

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, CAO Virginia A. Halloran sold 605 shares of Watts Water Technologies stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $276.78, for a total transaction of $167,451.90. Following the transaction, the chief accounting officer directly owned 13,412 shares of the company’s stock, valued at approximately $3,712,173.36. The trade was a 4.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Timothy P. Horne sold 6,994 shares of the company’s 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 sale, the insider owned 23,006 shares in the company, valued at $6,410,621.90. This trade represents a 23.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,605 shares of company stock valued at $4,296,387 in the last ninety days. Insiders own 1.10% of the company’s stock.

About Watts Water Technologies

Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.

The company’s product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.