Watts Water Technologies Inc (NYSE:WTS) CEO Robert J. Pagano, Jr. sold 3,951 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $73.09, for a total value of $288,778.59. Following the sale, the chief executive officer now owns 137,474 shares of the company’s stock, valued at approximately $10,047,974.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Watts Water Technologies Inc (NYSE:WTS) opened at $75.60 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. Watts Water Technologies Inc has a one year low of $59.15 and a one year high of $75.95. The stock has a market cap of $2,528.66, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15.

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

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

A number of large investors have recently made changes to their positions in WTS. Teachers Advisors LLC raised its stake in Watts Water Technologies by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 47,096 shares of the technology company’s stock valued at $2,936,000 after purchasing an additional 1,150 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Watts Water Technologies by 32.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,410 shares of the technology company’s stock valued at $531,000 after purchasing an additional 2,050 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Watts Water Technologies by 3.4% in the second quarter. Great West Life Assurance Co. Can now owns 39,745 shares of the technology company’s stock worth $2,507,000 after acquiring an additional 1,289 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Watts Water Technologies by 1.1% in the second quarter. Texas Permanent School Fund now owns 20,355 shares of the technology company’s stock worth $1,286,000 after acquiring an additional 219 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Watts Water Technologies by 52.4% in the second quarter. Sei Investments Co. now owns 5,451 shares of the technology company’s stock worth $345,000 after acquiring an additional 1,875 shares during the last quarter. 77.71% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on WTS shares. Stifel Nicolaus reiterated a “buy” rating and set a $79.00 price objective on shares of Watts Water Technologies in a research 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 objective for the company in a research 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 objective for the company in a research report on Tuesday, October 3rd. Boenning Scattergood reiterated a “buy” rating on shares of Watts Water Technologies in a research report on Thursday, November 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $71.00 price objective on shares of Watts Water Technologies in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $72.83.

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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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