Tidal Investments LLC Purchases 904 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Tidal Investments LLC raised its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 16.7% in the third quarter, Holdings Channel reports. The fund owned 6,312 shares of the technology company’s stock after buying an additional 904 shares during the quarter. Tidal Investments LLC’s holdings in Watts Water Technologies were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its stake in Watts Water Technologies by 11.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,616 shares of the technology company’s stock valued at $993,000 after purchasing an additional 460 shares during the period. SkyView Investment Advisors LLC boosted its position in shares of Watts Water Technologies by 2.5% in the third quarter. SkyView Investment Advisors LLC now owns 5,390 shares of the technology company’s stock valued at $1,117,000 after acquiring an additional 130 shares during the period. Geode Capital Management LLC grew its stake in shares of Watts Water Technologies by 4.3% in the third quarter. Geode Capital Management LLC now owns 741,743 shares of the technology company’s stock worth $153,708,000 after acquiring an additional 30,688 shares during the last quarter. M&T Bank Corp increased its position in Watts Water Technologies by 3.4% during the third quarter. M&T Bank Corp now owns 2,272 shares of the technology company’s stock worth $471,000 after acquiring an additional 74 shares during the period. Finally, Barclays PLC increased its position in Watts Water Technologies by 105.7% during the third quarter. Barclays PLC now owns 52,810 shares of the technology company’s stock worth $10,942,000 after acquiring an additional 27,138 shares during the period. 95.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Monica Barry sold 1,559 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $212.52, for a total transaction of $331,318.68. Following the sale, the insider now owns 4,430 shares in the company, valued at approximately $941,463.60. This represents a 26.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert J. Pagano, Jr. sold 20,810 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total value of $4,415,882.00. Following the completion of the sale, the chief executive officer now owns 176,045 shares of the company’s stock, valued at approximately $37,356,749. This trade represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,974 shares of company stock valued at $6,924,594. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on WTS shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Watts Water Technologies in a research report on Tuesday. They issued a “hold” rating and a $240.00 price target on the stock. Stifel Nicolaus lifted their target price on Watts Water Technologies from $202.00 to $218.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Watts Water Technologies presently has a consensus rating of “Hold” and a consensus target price of $220.50.

Watts Water Technologies Trading Down 4.3 %

WTS stock opened at $205.58 on Thursday. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The firm has a market cap of $6.85 billion, a P/E ratio of 24.65, a P/E/G ratio of 3.11 and a beta of 0.92. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $222.70. The business’s 50 day moving average is $208.89 and its 200-day moving average is $198.47.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The firm had revenue of $543.60 million for the quarter, compared to analysts’ expectations of $541.83 million. During the same period in the prior year, the business posted $2.04 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.72 dividend on an annualized basis and a yield of 0.84%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 20.62%.

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.