Watts Water Technologies, Inc. (NYSE:WTS) Shares Acquired by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC increased its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 44.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,212 shares of the technology company’s stock after acquiring an additional 682 shares during the period. Elevated Capital Advisors LLC’s holdings in Watts Water Technologies were worth $450,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Andina Capital Management LLC increased its stake in shares of Watts Water Technologies by 3.3% during the 3rd quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock worth $342,000 after purchasing an additional 52 shares in the last quarter. Portside Wealth Group LLC increased its position in 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 worth $517,000 after buying an additional 60 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Watts Water Technologies by 1.3% in the third quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock worth $1,085,000 after acquiring an additional 65 shares during the last quarter. M&T Bank Corp lifted its position in shares of Watts Water Technologies by 3.4% in the third quarter. M&T Bank Corp now owns 2,272 shares of the technology company’s stock valued at $471,000 after acquiring an additional 74 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Watts Water Technologies by 3.8% during the third quarter. Inspire Investing LLC now owns 2,043 shares of the technology company’s stock valued at $423,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

Watts Water Technologies stock opened at $199.64 on Tuesday. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $222.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55. The firm has a 50 day moving average price of $209.32 and a 200 day moving average price of $200.41. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 3.11 and a beta of 0.93.

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

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, November 29th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 20.62%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WTS. Stifel Nicolaus boosted their target price on shares of Watts Water Technologies from $202.00 to $218.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Northcoast Research raised shares of 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Watts Water Technologies in a research note on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Watts Water Technologies has a consensus rating of “Hold” and an average target price of $220.50.

Insiders Place Their Bets

In other news, CFO Shashank Patel sold 4,569 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.10, for a total transaction of $955,377.90. Following the transaction, the chief financial officer now directly owns 15,635 shares of the company’s stock, valued at approximately $3,269,278.50. The trade was a 22.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert J. Pagano, Jr. sold 20,810 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total transaction of $4,415,882.00. Following the sale, the chief executive officer now directly owns 176,045 shares of the company’s stock, valued at approximately $37,356,749. The trade was a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,974 shares of company stock worth $6,924,594 over the last quarter. 1.10% of the stock is owned by corporate insiders.

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.