Watts Water Technologies, Inc. (NYSE:WTS) insider Elie Melhem sold 2,545 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.48, for a total value of $179,371.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Elie Melhem also recently made the following trade(s):

  • On Friday, August 25th, Elie Melhem sold 3,306 shares of Watts Water Technologies stock. The stock was sold at an average price of $62.11, for a total value of $205,335.66.

Shares of Watts Water Technologies, Inc. (NYSE:WTS) opened at $73.10 on Wednesday. The company has a market capitalization of $2,467.19, a price-to-earnings ratio of 24.74, a PEG ratio of 2.00 and a beta of 1.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70. Watts Water Technologies, Inc. has a 1 year low of $59.15 and a 1 year high of $73.10.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.03. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The business had revenue of $347.70 million during the quarter, compared to the consensus estimate of $361.22 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. analysts expect that Watts Water Technologies, Inc. will post 3.01 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, November 30th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 28.15%.

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A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP grew its position in Watts Water Technologies by 171.1% during the third quarter. GSA Capital Partners LLP now owns 13,404 shares of the technology company’s stock valued at $928,000 after acquiring an additional 8,459 shares during the period. California Public Employees Retirement System grew its position in Watts Water Technologies by 5.7% during the third quarter. California Public Employees Retirement System now owns 77,160 shares of the technology company’s stock valued at $5,339,000 after acquiring an additional 4,160 shares during the period. OxFORD Asset Management LLP grew its position in Watts Water Technologies by 18.5% during the third quarter. OxFORD Asset Management LLP now owns 41,871 shares of the technology company’s stock valued at $2,903,000 after acquiring an additional 6,526 shares during the period. KBC Group NV grew its position in Watts Water Technologies by 5.8% during the third quarter. KBC Group NV now owns 65,525 shares of the technology company’s stock valued at $4,534,000 after acquiring an additional 3,605 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Watts Water Technologies by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 992,272 shares of the technology company’s stock valued at $68,667,000 after acquiring an additional 38,374 shares during the period. 79.00% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $71.00 price target on shares of Watts Water Technologies in a research report on Wednesday, October 4th. Boenning Scattergood reissued an “outperform” rating on shares of Watts Water Technologies in a research report on Tuesday, September 5th. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Monday, September 18th. Zacks Investment Research raised Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $79.00 price target on shares of Watts Water Technologies in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $72.83.

Watts Water Technologies Company 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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