Watts Water Technologies, Inc. (NYSE:WTS) Shares Bought by Boston Trust Walden Corp

Boston Trust Walden Corp raised its position in Watts Water Technologies, Inc. (NYSE:WTS) by 60.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 520,189 shares of the technology company’s stock after buying an additional 195,778 shares during the quarter. Boston Trust Walden Corp owned approximately 1.56% of Watts Water Technologies worth $107,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of WTS. Millennium Management LLC raised its position in Watts Water Technologies by 1,070.6% in the 2nd quarter. Millennium Management LLC now owns 209,000 shares of the technology company’s stock valued at $38,324,000 after purchasing an additional 191,146 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Watts Water Technologies by 171.7% during the second quarter. Renaissance Technologies LLC now owns 139,100 shares of the technology company’s stock worth $25,507,000 after buying an additional 87,900 shares during the period. Natixis increased its position in Watts Water Technologies by 20,322.5% in the 1st quarter. Natixis now owns 61,676 shares of the technology company’s stock valued at $13,109,000 after acquiring an additional 61,374 shares during the period. Norden Group LLC raised its stake in Watts Water Technologies by 1,826.3% during the 1st quarter. Norden Group LLC now owns 59,310 shares of the technology company’s stock valued at $12,606,000 after acquiring an additional 56,231 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in Watts Water Technologies during the 2nd quarter worth approximately $9,794,000. 95.02% of the stock is owned by institutional investors and hedge funds.

Watts Water Technologies Price Performance

WTS traded down $1.85 on Friday, hitting $197.04. 110,556 shares of the company were exchanged, compared to its average volume of 145,735. The business’s fifty day moving average is $199.19 and its 200 day moving average is $197.41. Watts Water Technologies, Inc. has a fifty-two week low of $167.87 and a fifty-two week high of $219.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 2.50. The firm has a market capitalization of $6.57 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.88 and a beta of 0.89.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Wednesday, August 7th. The technology company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. Watts Water Technologies had a return on equity of 19.22% and a net margin of 12.44%. The company had revenue of $597.30 million for the quarter, compared to the consensus estimate of $589.55 million. During the same period in the previous year, the business earned $2.34 earnings per share. Watts Water Technologies’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Watts Water Technologies, Inc. will post 8.71 EPS for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.87%. Watts Water Technologies’s dividend payout ratio is presently 20.87%.

Insider Transactions at Watts Water Technologies

In related news, Director Michael J. Dubose sold 315 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total value of $58,567.95. Following the sale, the director now owns 2,755 shares of the company’s stock, valued at approximately $512,237.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Elie Melhem sold 1,710 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total transaction of $316,623.60. Following the transaction, the insider now owns 11,516 shares of the company’s stock, valued at approximately $2,132,302.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael J. Dubose sold 315 shares of Watts Water Technologies stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total transaction of $58,567.95. Following the completion of the sale, the director now directly owns 2,755 shares of the company’s stock, valued at $512,237.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WTS. Stifel Nicolaus decreased their price target on Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating for the company in a report on Friday, August 9th. StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Robert W. Baird cut their target price on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

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.