842 Shares in Watts Water Technologies, Inc. $WTS Bought by Ewa LLC

Ewa LLC acquired a new position in shares of Watts Water Technologies, Inc. (NYSE:WTS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 842 shares of the technology company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Costello Asset Management INC acquired a new stake in shares of Watts Water Technologies in the 1st quarter valued at about $33,000. Versant Capital Management Inc raised its position in Watts Water Technologies by 57.3% in the 1st quarter. Versant Capital Management Inc now owns 225 shares of the technology company’s stock valued at $46,000 after buying an additional 82 shares during the last quarter. GAMMA Investing LLC raised its position in Watts Water Technologies by 80.5% in the 1st quarter. GAMMA Investing LLC now owns 278 shares of the technology company’s stock valued at $57,000 after buying an additional 124 shares during the last quarter. Parallel Advisors LLC raised its position in Watts Water Technologies by 45.0% in the 1st quarter. Parallel Advisors LLC now owns 293 shares of the technology company’s stock valued at $60,000 after buying an additional 91 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Watts Water Technologies in the 1st quarter valued at approximately $64,000. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WTS shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Watts Water Technologies in a report on Friday, August 8th. Wall Street Zen lowered shares of Watts Water Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Stifel Nicolaus lifted 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 note on Friday, August 8th. Finally, Barclays began coverage on Watts Water Technologies in a research report on Friday, September 19th. They issued an “equal weight” rating and a $287.00 target price on the stock. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $253.80.

Watts Water Technologies Stock Up 1.0%

Watts Water Technologies stock opened at $281.26 on Friday. The firm has a market capitalization of $9.38 billion, a PE ratio of 30.24, a P/E/G ratio of 3.34 and a beta of 1.13. The company’s 50-day moving average is $274.26 and its 200-day moving average is $243.76. Watts Water Technologies, Inc. has a fifty-two week low of $177.59 and a fifty-two week high of $287.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.59 and a quick ratio of 1.63.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.41. The firm had revenue of $643.70 million for the quarter, compared to the consensus estimate of $612.15 million. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.46 earnings per share. Sell-side analysts anticipate that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Watts Water Technologies’s dividend payout ratio is presently 22.37%.

Insider Buying and Selling at Watts Water Technologies

In other news, Director Joseph T. Noonan sold 713 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $274.45, for a total value of $195,682.85. Following the transaction, the director directly owned 1,194 shares of the company’s stock, valued at $327,693.30. This represents a 37.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

About Watts Water Technologies

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.