Systematic Financial Management LP boosted its position in Watts Water Technologies, Inc. (NYSE:WTS) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,927 shares of the technology company’s stock after purchasing an additional 3,282 shares during the period. Systematic Financial Management LP owned about 0.46% of Watts Water Technologies worth $9,981,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Watts Water Technologies by 14,402.8% in the 1st quarter. BlackRock Inc. now owns 3,566,232 shares of the technology company’s stock valued at $222,353,000 after purchasing an additional 3,541,642 shares in the last quarter. Vanguard Group Inc. increased its stake in Watts Water Technologies by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 2,590,860 shares of the technology company’s stock valued at $161,541,000 after purchasing an additional 205,883 shares in the last quarter. Impax Asset Management LTD increased its stake in Watts Water Technologies by 28.2% in the 1st quarter. Impax Asset Management LTD now owns 2,018,429 shares of the technology company’s stock valued at $125,846,000 after purchasing an additional 444,528 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Watts Water Technologies by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 923,897 shares of the technology company’s stock valued at $57,605,000 after purchasing an additional 20,976 shares in the last quarter. Finally, State Street Corp increased its stake in Watts Water Technologies by 9.1% in the 1st quarter. State Street Corp now owns 654,752 shares of the technology company’s stock valued at $40,818,000 after purchasing an additional 54,740 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.
Watts Water Technologies, Inc. (NYSE WTS) opened at 62.45 on Friday. The company has a 50-day moving average price of $63.52 and a 200 day moving average price of $62.77. The stock has a market capitalization of $2.14 billion, a P/E ratio of 24.39 and a beta of 1.06. Watts Water Technologies, Inc. has a 1-year low of $58.35 and a 1-year high of $71.05.
Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. Watts Water Technologies had a return on equity of 12.84% and a net margin of 6.27%. The company had revenue of $378.50 million during the quarter, compared to the consensus estimate of $379.51 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Watts Water Technologies, Inc. will post $2.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.22%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 29.69%.
In other Watts Water Technologies news, insider Elie Melhem sold 3,306 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $62.11, for a total transaction of $205,335.66. Following the sale, the insider now directly owns 32,128 shares of the company’s stock, valued at approximately $1,995,470.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on WTS. BidaskClub raised Watts Water Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Watts Water Technologies in a research note on Tuesday, September 5th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Watts Water Technologies in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Watts Water Technologies has an average rating of “Hold” and a consensus price target of $64.50.
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Watts Water Technologies Profile
Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.
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