Magnetar Financial LLC Purchases Shares of 5,894 Watts Water Technologies, Inc. $WTS

Magnetar Financial LLC acquired a new position in Watts Water Technologies, Inc. (NYSE:WTS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,894 shares of the technology company’s stock, valued at approximately $1,449,000.

A number of other large investors have also recently made changes to their positions in the business. CWM LLC grew its holdings in Watts Water Technologies by 47.6% during the 1st quarter. CWM LLC now owns 707 shares of the technology company’s stock valued at $144,000 after purchasing an additional 228 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Watts Water Technologies during the first quarter valued at approximately $2,188,000. KLP Kapitalforvaltning AS grew its stake in shares of Watts Water Technologies by 58.9% during the first quarter. KLP Kapitalforvaltning AS now owns 8,900 shares of the technology company’s stock valued at $1,815,000 after buying an additional 3,300 shares during the last quarter. HB Wealth Management LLC purchased a new stake in shares of Watts Water Technologies in the first quarter worth approximately $259,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Watts Water Technologies by 2.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,861 shares of the technology company’s stock worth $17,101,000 after acquiring an additional 1,636 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors.

Insider Activity at Watts Water Technologies

In related news, major shareholder Timothy P. Horne sold 6,994 shares of Watts Water Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $278.65, for a total transaction of $1,948,878.10. Following the completion of the sale, the insider owned 23,006 shares of the company’s stock, valued at $6,410,621.90. The trade was a 23.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Watts Water Technologies Trading Up 2.1%

NYSE WTS opened at $271.99 on Friday. Watts Water Technologies, Inc. has a 12-month low of $177.59 and a 12-month high of $287.89. The company has a fifty day simple moving average of $275.91 and a two-hundred day simple moving average of $262.51. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.10. The stock has a market cap of $9.07 billion, a P/E ratio of 29.25, a P/E/G ratio of 3.27 and a beta of 1.17.

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

Watts Water Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently commented on WTS shares. Wall Street Zen raised shares of Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Stifel Nicolaus increased their target price 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Watts Water Technologies in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Watts Water Technologies in a report on Friday, August 8th. Finally, Zacks Research downgraded Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Watts Water Technologies presently has an average rating of “Hold” and a consensus target price of $264.25.

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.