Truist Financial Corp purchased a new position in shares of Watts Water Technologies, Inc. (NYSE:WTS – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,996 shares of the technology company’s stock, valued at approximately $832,000.
A number of other institutional investors have also recently bought and sold shares of WTS. Vanguard Group Inc. boosted its holdings in shares of Watts Water Technologies by 0.9% during the third quarter. Vanguard Group Inc. now owns 3,188,071 shares of the technology company’s stock worth $550,962,000 after acquiring an additional 29,113 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Watts Water Technologies during the fourth quarter worth approximately $2,382,000. New York Life Investment Management LLC boosted its holdings in shares of Watts Water Technologies by 97.0% during the third quarter. New York Life Investment Management LLC now owns 5,302 shares of the technology company’s stock worth $916,000 after acquiring an additional 2,611 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of Watts Water Technologies by 116.5% during the third quarter. Dark Forest Capital Management LP now owns 19,454 shares of the technology company’s stock worth $3,362,000 after acquiring an additional 10,467 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Watts Water Technologies by 32.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 18,198 shares of the technology company’s stock worth $3,160,000 after acquiring an additional 4,463 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on WTS. Robert W. Baird boosted their price target on Watts Water Technologies from $212.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Stifel Nicolaus boosted their price target on Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $199.50.
View Our Latest Stock Report on WTS
Watts Water Technologies Price Performance
Shares of WTS stock traded up $2.05 during trading on Wednesday, hitting $217.66. The company had a trading volume of 83,732 shares, compared to its average volume of 128,702. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.48. The firm has a market capitalization of $7.25 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95. The stock’s 50-day moving average price is $205.68 and its 200 day moving average price is $201.09. Watts Water Technologies, Inc. has a one year low of $156.85 and a one year high of $219.52.
Watts Water Technologies (NYSE:WTS – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.11 by $0.22. Watts Water Technologies had a net margin of 12.53% and a return on equity of 19.61%. The business had revenue of $570.90 million during the quarter, compared to the consensus estimate of $547.20 million. During the same period in the previous year, the business earned $1.92 earnings per share. The company’s revenue was up 21.0% on a year-over-year basis. Equities analysts expect that Watts Water Technologies, Inc. will post 8.57 EPS for the current fiscal year.
Watts Water Technologies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.43 per share. This is an increase from Watts Water Technologies’s previous quarterly dividend of $0.36. This represents a $1.72 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, May 31st. Watts Water Technologies’s payout ratio is currently 17.87%.
Insider Buying and Selling at Watts Water Technologies
In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the completion of the transaction, the chief accounting officer now directly owns 14,818 shares in the company, valued at $2,994,865.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Michael J. Dubose sold 329 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $197.91, for a total transaction of $65,112.39. Following the completion of the transaction, the director now directly owns 2,392 shares in the company, valued at $473,400.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Virginia A. Halloran sold 1,520 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $202.11, for a total transaction of $307,207.20. Following the transaction, the chief accounting officer now owns 14,818 shares of the company’s stock, valued at $2,994,865.98. The disclosure for this sale can be found here. Insiders sold a total of 5,113 shares of company stock worth $1,023,106 over the last three months. Corporate insiders own 1.10% 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.
Recommended Stories
Before you consider Watts Water Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Watts Water Technologies wasn’t on the list.
While Watts Water Technologies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio.
Source: marketbeat.com
