TD Asset Management Inc. lifted its holdings in Watts Water Technologies Inc (NYSE:WTS) by 18.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,300 shares of the technology company’s stock after buying an additional 34,300 shares during the period. TD Asset Management Inc. owned approximately 0.66% of Watts Water Technologies worth $14,410,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of WTS. We Are One Seven LLC acquired a new stake in Watts Water Technologies during the fourth quarter worth about $32,000. Quantamental Technologies LLC acquired a new stake in Watts Water Technologies during the fourth quarter worth about $52,000. Clean Yield Group acquired a new stake in Watts Water Technologies during the fourth quarter worth about $88,000. Point72 Hong Kong Ltd acquired a new stake in Watts Water Technologies during the third quarter worth about $135,000. Finally, Compton Capital Management Inc. RI acquired a new stake in Watts Water Technologies during the third quarter worth about $203,000. 78.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WTS traded down $3.63 during trading on Monday, reaching $78.16. 613 shares of the company traded hands, compared to its average volume of 106,382. Watts Water Technologies Inc has a twelve month low of $61.17 and a twelve month high of $93.35. The stock has a market cap of $2.79 billion, a PE ratio of 20.97, a P/E/G ratio of 1.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.25.
Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Thursday, February 7th. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. Watts Water Technologies had a net margin of 7.97% and a return on equity of 14.72%. The business had revenue of $387.60 million during the quarter, compared to analysts’ expectations of $382.33 million. During the same period last year, the business earned $0.74 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Watts Water Technologies Inc will post 4.11 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Thursday, February 28th. Watts Water Technologies’s dividend payout ratio is presently 22.46%.
Several equities research analysts recently issued reports on WTS shares. Oppenheimer restated a “hold” rating on shares of Watts Water Technologies in a research report on Monday. Seaport Global Securities upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 4th. Boenning Scattergood restated a “hold” rating on shares of Watts Water Technologies in a research report on Monday, November 5th. Finally, Janney Montgomery Scott cut shares of Watts Water Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $81.00 to $83.00 in a research report on Monday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $89.50.
In other Watts Water Technologies news, insider Elie Melhem sold 9,173 shares of Watts Water Technologies stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $69.91, for a total transaction of $641,284.43. Following the completion of the sale, the insider now directly owns 29,991 shares in the company, valued at $2,096,670.81. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.
About Watts Water Technologies
Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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