Watts Water Technologies, Inc. (NYSE:WTS) Shares Purchased by Algert Global LLC

Algert Global LLC increased its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 38,352 shares of the technology company’s stock after acquiring an additional 300 shares during the quarter. Algert Global LLC’s holdings in Watts Water Technologies were worth $7,946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Andina Capital Management LLC increased its position in Watts Water Technologies by 3.3% during the third quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock worth $342,000 after purchasing an additional 52 shares during the last quarter. Portside Wealth Group LLC increased its position in Watts Water Technologies by 2.5% during the third quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company’s stock worth $517,000 after purchasing an additional 60 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in Watts Water Technologies by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock worth $1,085,000 after purchasing an additional 65 shares during the last quarter. Inspire Investing LLC increased its position in Watts Water Technologies by 3.8% during the third quarter. Inspire Investing LLC now owns 2,043 shares of the technology company’s stock worth $423,000 after purchasing an additional 75 shares during the last quarter. Finally, Banco Santander S.A. increased its position in Watts Water Technologies by 1.2% during the second quarter. Banco Santander S.A. now owns 6,424 shares of the technology company’s stock worth $1,178,000 after purchasing an additional 76 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Kenneth Robert Lepage sold 3,429 shares of Watts Water Technologies stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $194.65, for a total value of $667,454.85. Following the completion of the transaction, the general counsel now owns 14,064 shares in the company, valued at $2,737,557.60. The trade was a 19.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Monica Barry sold 1,559 shares of Watts Water Technologies stock in a transaction that occurred 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 completion of the transaction, the insider now owns 4,430 shares of the company’s stock, valued at $941,463.60. This represents a 26.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,974 shares of company stock valued at $6,924,594. 1.10% of the stock is currently owned by company insiders.

Watts Water Technologies Trading Up 2.1 %

NYSE WTS opened at $215.17 on Friday. The firm has a 50 day simple moving average of $204.72 and a 200-day simple moving average of $197.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55. Watts Water Technologies, Inc. has a one year low of $175.37 and a one year high of $219.52. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 3.08 and a beta of 0.90.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.99 by $0.04. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The business had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.83 million. During the same quarter last year, the firm posted $2.04 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Watts Water Technologies, Inc. will post 8.75 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, November 29th. Watts Water Technologies’s payout ratio is 20.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating for the company in a research report on Friday, August 9th. StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Robert W. Baird dropped their price target on shares of Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $200.25.

Watts Water Technologies 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.