Rhumbline Advisers Has $5.82 Million Holdings in Watts Water Technologies Inc (WTS)
Rhumbline Advisers trimmed its holdings in shares of Watts Water Technologies Inc (NYSE:WTS) by 1.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 70,073 shares of the technology company’s stock after selling 1,248 shares during the period. Rhumbline Advisers’ holdings in Watts Water Technologies were worth $5,816,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new stake in shares of Watts Water Technologies in the second quarter valued at about $102,000. Fort L.P. acquired a new stake in shares of Watts Water Technologies in the second quarter valued at about $108,000. Compton Capital Management Inc. RI acquired a new stake in shares of Watts Water Technologies in the third quarter valued at about $203,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Watts Water Technologies in the second quarter valued at about $212,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Watts Water Technologies in the second quarter valued at about $338,000. 76.07% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Joseph T. Noonan sold 2,653 shares of Watts Water Technologies stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $76.00, for a total transaction of $201,628.00. Following the sale, the director now directly owns 2,109 shares of the company’s stock, valued at $160,284. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Elie Melhem sold 1,000 shares of Watts Water Technologies stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $74.42, for a total value of $74,420.00. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
WTS stock opened at $71.80 on Thursday. Watts Water Technologies Inc has a twelve month low of $67.29 and a twelve month high of $93.35. The stock has a market cap of $2.45 billion, a P/E ratio of 23.77, a PEG ratio of 1.75 and a beta of 1.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.33 and a current ratio of 2.24.
Watts Water Technologies (NYSE:WTS) last released its earnings results on Friday, November 2nd. The technology company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Watts Water Technologies had a return on equity of 14.43% and a net margin of 6.05%. The business had revenue of $390.90 million for the quarter, compared to the consensus estimate of $380.00 million. During the same period last year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, sell-side analysts predict that Watts Water Technologies Inc will post 3.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 29th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 27.81%.
Watts Water Technologies Profile
Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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