Watts Water Technologies, Inc. $WTS Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 15,682.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,419 shares of the technology company’s stock after acquiring an additional 4,391 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Watts Water Technologies were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC acquired a new position in Watts Water Technologies in the third quarter worth $37,000. NewEdge Advisors LLC increased its stake in Watts Water Technologies by 769.2% during the second quarter. NewEdge Advisors LLC now owns 113 shares of the technology company’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. Assetmark Inc. increased its stake in Watts Water Technologies by 211.3% during the first quarter. Assetmark Inc. now owns 165 shares of the technology company’s stock valued at $48,000 after purchasing an additional 112 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Watts Water Technologies during the third quarter worth $54,000. Finally, Heritage Family Offices LLP acquired a new stake in shares of Watts Water Technologies during the third quarter worth $105,000. 95.02% of the stock is currently owned by institutional investors.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, Director Joseph T. Noonan sold 3,650 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $353.72, for a total value of $1,291,078.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Elie Melhem sold 1,096 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $359.55, for a total value of $394,066.80. Following the transaction, the insider owned 7,867 shares of the company’s stock, valued at approximately $2,828,579.85. This represents a 12.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WTS shares. Robert W. Baird set a $405.00 price target on shares of Watts Water Technologies in a research report on Friday, August 7th. Royal Bank Of Canada lowered their price objective on shares of Watts Water Technologies from $417.00 to $397.00 and set a “sector perform” rating for the company in a research report on Friday, November 6th. KeyCorp increased their price objective on shares of Watts Water Technologies from $380.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $374.00 target price on shares of Watts Water Technologies in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Watts Water Technologies currently has an average rating of “Moderate Buy” and an average price target of $368.30.

Watts Water Technologies Price Performance

Shares of WTS opened at $360.86 on Thursday. The company has a market cap of $12.05 billion, a P/E ratio of 27.05, a PEG ratio of 3.43 and a beta of 1.13. The stock has a fifty day moving average price of $355.30 and a 200 day moving average price of $333.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.80 and a quick ratio of 1.71. Watts Water Technologies, Inc. has a 12 month low of $262.96 and a 12 month high of $394.54.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Wednesday, November 4th. The technology company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.26. The firm had revenue of $728.00 million for the quarter, compared to analyst estimates of $692.57 million. Watts Water Technologies had a return on equity of 19.75% and a net margin of 16.00%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the company earned $2.50 earnings per share. On average, research analysts forecast that Watts Water Technologies, Inc. will post 13.11 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.52 annualized dividend and a dividend yield of 0.7%. Watts Water Technologies’s dividend payout ratio is currently 18.89%.

Watts Water Technologies Profile

Watts Water Technologies, Inc. designs and manufactures products that help control the safety, flow, and quality of water in plumbing, heating, and water-treatment systems. Its products serve residential, commercial, and industrial applications. The company’s offerings include backflow preventers, valves, water pressure regulators, drainage products, water-quality and treatment systems, and controls for heating and hot-water applications. It also provides solutions for water reuse and other water-management needs.