Watts Water Technologies Inc (NYSE:WTS) CEO Robert J. Pagano, Jr. sold 11,852 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $73.53, for a total value of $871,477.56. Following the completion of the transaction, the chief executive officer now owns 137,474 shares of the company’s stock, valued at $10,108,463.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Watts Water Technologies Inc (WTS) opened at $75.60 on Thursday. The company has a market capitalization of $2,496.22, a price-to-earnings ratio of 25.03, a PEG ratio of 2.03 and a beta of 1.15. The company has a current ratio of 2.57, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. Watts Water Technologies Inc has a twelve month low of $59.15 and a twelve month high of $75.95.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.01%. Watts Water Technologies’s payout ratio is 28.15%.

Hedge funds have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its holdings in shares of Watts Water Technologies by 44.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock worth $109,000 after buying an additional 532 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Watts Water Technologies by 157.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock worth $114,000 after buying an additional 1,100 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Watts Water Technologies by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after buying an additional 17 shares during the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of Watts Water Technologies during the 2nd quarter worth $130,000. Finally, Quantbot Technologies LP increased its holdings in shares of Watts Water Technologies by 823.9% during the 2nd quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock worth $144,000 after buying an additional 2,035 shares during the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

Several research analysts have weighed in on WTS shares. Stifel Nicolaus reiterated a “buy” rating and issued a $79.00 price target on shares of Watts Water Technologies in a report on Friday, November 3rd. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a report on Monday, September 18th. Zacks Investment Research upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Tuesday, October 3rd. Boenning Scattergood reiterated a “buy” rating on shares of Watts Water Technologies in a report on Thursday, November 2nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $71.00 price target on shares of Watts Water Technologies in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Watts Water Technologies presently has a consensus rating of “Hold” and a consensus target price of $72.83.

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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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