Hantz Financial Services Inc. Sells 2,060 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Hantz Financial Services Inc. trimmed its position in Watts Water Technologies, Inc. (NYSE:WTS) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,949 shares of the technology company’s stock after selling 2,060 shares during the period. Hantz Financial Services Inc. owned 0.15% of Watts Water Technologies worth $9,951,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WTS. Andina Capital Management LLC increased its stake in shares of Watts Water Technologies by 3.3% in the 3rd quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock worth $342,000 after acquiring an additional 52 shares in the last quarter. UMB Bank n.a. grew its holdings in Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock worth $32,000 after purchasing an additional 58 shares during the period. Portside Wealth Group LLC increased its stake in shares of Watts Water Technologies by 2.5% during the third quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company’s stock valued at $517,000 after purchasing an additional 60 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Watts Water Technologies by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock valued at $1,085,000 after purchasing an additional 65 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of Watts Water Technologies by 3.4% in the 3rd quarter. M&T Bank Corp now owns 2,272 shares of the technology company’s stock worth $471,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 95.02% of the company’s stock.

Analyst Upgrades and Downgrades

WTS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price objective for the company. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a research report on Monday, November 4th. Finally, Stifel Nicolaus increased their price objective on shares of Watts Water Technologies from $202.00 to $218.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $220.50.

Insider Buying and Selling

In other Watts Water Technologies news, General Counsel Kenneth Robert Lepage sold 3,429 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $194.65, for a total value of $667,454.85. Following the transaction, the general counsel now directly owns 14,064 shares of the company’s stock, valued at approximately $2,737,557.60. This trade represents a 19.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Monica Barry sold 1,559 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $212.52, for a total transaction of $331,318.68. Following the sale, the insider now directly owns 4,430 shares of the company’s stock, valued at $941,463.60. The trade was a 26.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,974 shares of company stock worth $6,924,594. 1.10% of the stock is owned by insiders.

Watts Water Technologies Trading Down 0.3 %

Shares of NYSE:WTS opened at $210.55 on Wednesday. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $222.70. The stock’s fifty day moving average price is $209.30 and its 200-day moving average price is $202.57. The company has a market cap of $7.02 billion, a P/E ratio of 25.27, a PEG ratio of 3.45 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The firm had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.04 EPS. Sell-side analysts expect that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current year.

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.