Watts Water Technologies Inc (WTS) Shares Bought by Municipal Employees Retirement System of Michigan
Municipal Employees Retirement System of Michigan increased its position in Watts Water Technologies Inc (NYSE:WTS) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,300 shares of the technology company’s stock after purchasing an additional 1,000 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Watts Water Technologies were worth $1,010,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Watts Water Technologies by 12.7% during the fourth quarter. BlackRock Inc. now owns 3,978,819 shares of the technology company’s stock worth $302,190,000 after buying an additional 448,313 shares during the period. Impax Asset Management LTD lifted its holdings in Watts Water Technologies by 7.8% during the third quarter. Impax Asset Management LTD now owns 2,730,009 shares of the technology company’s stock worth $188,917,000 after buying an additional 196,626 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Watts Water Technologies by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 992,272 shares of the technology company’s stock worth $68,667,000 after buying an additional 38,374 shares during the period. Victory Capital Management Inc. lifted its holdings in Watts Water Technologies by 17.6% during the fourth quarter. Victory Capital Management Inc. now owns 906,662 shares of the technology company’s stock worth $68,860,000 after buying an additional 135,454 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Watts Water Technologies by 1.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 754,329 shares of the technology company’s stock worth $57,292,000 after buying an additional 11,386 shares during the period. 77.18% of the stock is currently owned by institutional investors.
In other news, insider Munish Nanda sold 6,953 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.66, for a total transaction of $526,063.98. Following the completion of the sale, the insider now owns 31,560 shares in the company, valued at approximately $2,387,829.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Todd A. Trapp sold 8,975 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $75.88, for a total value of $681,023.00. Following the sale, the chief financial officer now owns 26,129 shares of the company’s stock, valued at approximately $1,982,668.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,344 shares of company stock valued at $3,239,332. Company insiders own 1.10% of the company’s stock.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Monday, February 12th. The technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Watts Water Technologies had a return on equity of 12.93% and a net margin of 5.02%. The firm had revenue of $366.30 million during the quarter, compared to analyst estimates of $365.35 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. sell-side analysts expect that Watts Water Technologies Inc will post 3.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, March 1st. This represents a $0.76 annualized dividend and a dividend yield of 0.95%. Watts Water Technologies’s dividend payout ratio is presently 35.85%.
A number of research firms have weighed in on WTS. Stifel Nicolaus restated a “buy” rating and set a $95.00 target price (up previously from $85.00) on shares of Watts Water Technologies in a report on Tuesday, January 16th. Boenning Scattergood lowered Watts Water Technologies from an “outperform” rating to a “neutral” rating in a report on Wednesday. Janney Montgomery Scott upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, February 14th. TheStreet lowered Watts Water Technologies from a “b+” rating to a “c+” rating in a report on Monday, February 12th. Finally, Robert W. Baird restated a “hold” rating and set a $80.00 target price on shares of Watts Water Technologies in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $80.40.
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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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