AEGON ASSET MANAGEMENT UK Plc Purchases 488 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,351 shares of the technology company’s stock after purchasing an additional 488 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Watts Water Technologies were worth $11,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HWG Holdings LP bought a new position in shares of Watts Water Technologies in the second quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in Watts Water Technologies in the third quarter worth $30,000. Gradient Investments LLC bought a new position in Watts Water Technologies in the 2nd quarter valued at $31,000. Blue Trust Inc. increased its position in shares of Watts Water Technologies by 520.5% during the 2nd quarter. Blue Trust Inc. now owns 273 shares of the technology company’s stock valued at $50,000 after purchasing an additional 229 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Watts Water Technologies during the 1st quarter worth $53,000. 95.02% of the stock is currently owned by hedge funds and other institutional investors.

Watts Water Technologies Stock Up 0.6 %

Shares of NYSE WTS opened at $208.45 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $201.10 and a 200-day moving average of $197.32. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.04 and a beta of 0.90. Watts Water Technologies, Inc. has a 12 month low of $175.37 and a 12 month high of $219.52.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The business had revenue of $543.60 million during the quarter, compared to analysts’ expectations of $541.83 million. During the same quarter in the previous year, the company earned $2.04 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts expect that Watts Water Technologies, Inc. will post 8.72 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, November 29th. Watts Water Technologies’s dividend payout ratio (DPR) is currently 20.62%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Robert W. Baird decreased their target price on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research note on Monday, November 4th. 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, Stifel Nicolaus dropped their price target on shares of Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $200.25.

Insider Transactions at Watts Water Technologies

In related news, insider Elie Melhem sold 1,710 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total transaction of $316,623.60. Following the transaction, the insider now directly owns 11,516 shares of the company’s stock, valued at approximately $2,132,302.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Elie Melhem sold 1,710 shares of the stock in a transaction 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shashank Patel sold 4,569 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.10, for a total transaction of $955,377.90. Following the completion of the sale, the chief financial officer now directly owns 15,635 shares of the company’s stock, valued at $3,269,278.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,999 shares of company stock worth $7,299,786. 1.10% of the stock is currently owned by corporate insiders.

Watts Water Technologies Company Profile

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.