Quadrature Capital Ltd Grows Holdings in Watts Water Technologies, Inc. $WTS

Quadrature Capital Ltd raised its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 29.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,432 shares of the technology company’s stock after buying an additional 556 shares during the period. Quadrature Capital Ltd’s holdings in Watts Water Technologies were worth $598,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WTS. AEGON ASSET MANAGEMENT UK Plc lifted its stake in Watts Water Technologies by 18.5% during the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 77,892 shares of the technology company’s stock worth $19,164,000 after purchasing an additional 12,148 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Watts Water Technologies during the 2nd quarter valued at about $233,000. Jane Street Group LLC raised its holdings in shares of Watts Water Technologies by 210.6% during the 1st quarter. Jane Street Group LLC now owns 57,901 shares of the technology company’s stock valued at $11,807,000 after buying an additional 39,260 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Watts Water Technologies by 20.8% during the 1st quarter. Intech Investment Management LLC now owns 14,676 shares of the technology company’s stock valued at $2,993,000 after buying an additional 2,530 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Watts Water Technologies in the 2nd quarter worth approximately $50,400,000. 95.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WTS has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on shares of Watts Water Technologies from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Zacks Research lowered shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Watts Water Technologies in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Watts Water Technologies in a research report on Friday, August 8th. Finally, Wall Street Zen raised Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $264.25.

Insider Buying and Selling at Watts Water Technologies

In other news, major shareholder Timothy P. Horne sold 6,814 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $272.32, for a total transaction of $1,855,588.48. Following the transaction, the insider directly owned 15,000 shares of the company’s stock, valued at approximately $4,084,800. The trade was a 31.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 15,000 shares of company stock valued at $4,128,936. 1.00% of the stock is currently owned by company insiders.

Watts Water Technologies Trading Down 1.2%

Shares of WTS opened at $272.68 on Tuesday. The stock has a market capitalization of $9.09 billion, a P/E ratio of 29.32, a PEG ratio of 3.27 and a beta of 1.17. Watts Water Technologies, Inc. has a twelve month low of $177.59 and a twelve month high of $287.89. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $275.15 and a two-hundred day simple moving average of $264.36.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.29 by $0.21. The firm had revenue of $611.70 million during the quarter, compared to the consensus estimate of $576.20 million. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 earnings per share. Watts Water Technologies has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.52 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.08 annualized dividend and a yield of 0.8%. Watts Water Technologies’s dividend payout ratio (DPR) is 21.47%.

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.