Jacobs & Co. CA Boosts Stake in Watts Water Technologies, Inc. (WTS)
Jacobs & Co. CA raised its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,505 shares of the technology company’s stock after buying an additional 125 shares during the period. Jacobs & Co. CA’s holdings in Watts Water Technologies were worth $1,485,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. Clean Yield Group acquired a new stake in Watts Water Technologies during the first quarter valued at approximately $108,000. Glen Harbor Capital Management LLC increased its stake in Watts Water Technologies by 12.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,960 shares of the technology company’s stock valued at $122,000 after buying an additional 224 shares in the last quarter. Bank of Montreal Can increased its stake in Watts Water Technologies by 8.8% in the first quarter. Bank of Montreal Can now owns 2,223 shares of the technology company’s stock valued at $138,000 after buying an additional 180 shares in the last quarter. Elkfork Partners LLC increased its stake in Watts Water Technologies by 12.9% in the first quarter. Elkfork Partners LLC now owns 2,380 shares of the technology company’s stock valued at $148,000 after buying an additional 272 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in Watts Water Technologies during the first quarter valued at approximately $150,000. Institutional investors and hedge funds own 78.06% of the company’s stock.
Watts Water Technologies, Inc. (NYSE:WTS) traded up 0.88% on Thursday, reaching $63.25. 98,191 shares of the company’s stock traded hands. The firm’s 50-day moving average is $62.86 and its 200 day moving average is $63.42. The firm has a market cap of $2.17 billion, a PE ratio of 24.33 and a beta of 1.07. Watts Water Technologies, Inc. has a 12 month low of $58.07 and a 12 month high of $71.05.
Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Thursday, May 4th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $347.20 million during the quarter, compared to the consensus estimate of $343.79 million. Watts Water Technologies had a return on equity of 12.75% and a net margin of 6.40%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. Equities analysts predict that Watts Water Technologies, Inc. will post $2.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were issued a $0.19 dividend. This is an increase from Watts Water Technologies’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.76 dividend on an annualized basis and a yield of 1.20%. Watts Water Technologies’s dividend payout ratio is 29.23%.
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WTS has been the topic of several recent research reports. BidaskClub upgraded shares of Watts Water Technologies from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Watts Water Technologies in a report on Thursday, May 4th. Finally, Zacks Investment Research upgraded shares of Watts Water Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $64.50.
In other news, insider Elie Melhem sold 1,281 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $64.42, for a total transaction of $82,522.02. Following the completion of the transaction, the insider now directly owns 29,493 shares in the company, valued at $1,899,939.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
About Watts Water Technologies
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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