Watts Water Technologies, Inc. (NYSE:WTS) General Counsel Sells $554,561.04 in Stock

Watts Water Technologies, Inc. (NYSE:WTS) General Counsel Kenneth Robert Lepage sold 2,607 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $212.72, for a total transaction of $554,561.04. Following the completion of the transaction, the general counsel now owns 11,457 shares of the company’s stock, valued at $2,437,133.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kenneth Robert Lepage also recently made the following trade(s):

• On Monday, November 4th, Kenneth Robert Lepage sold 3,429 shares of Watts Water Technologies stock. The shares were sold at an average price of $194.65, for a total value of $667,454.85.

Watts Water Technologies Trading Down 2.3 %

Shares of WTS opened at $207.24 on Friday. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $219.52. 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 firm’s 50-day moving average price is $200.61 and its 200-day moving average price is $197.22. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 3.04 and a beta of 0.90.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $541.83 million. During the same quarter in the prior year, the company earned $2.04 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Watts Water Technologies, Inc. will post 8.72 EPS for the current year.

Watts Water Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.43 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.72 dividend on an annualized basis and a yield of 0.83%. Watts Water Technologies’s payout ratio is currently 20.62%.

Institutional Trading of Watts Water Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Watts Water Technologies by 1.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,050,215 shares of the technology company’s stock valued at $375,948,000 after purchasing an additional 29,473 shares in the last quarter. Mirova US LLC raised its position in Watts Water Technologies by 2.2% in the 2nd quarter. Mirova US LLC now owns 715,674 shares of the technology company’s stock worth $131,233,000 after buying an additional 15,462 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Watts Water Technologies by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,538 shares of the technology company’s stock valued at $107,738,000 after acquiring an additional 6,742 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of Watts Water Technologies by 60.3% during the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock valued at $107,778,000 after acquiring an additional 195,778 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Watts Water Technologies by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,378 shares of the technology company’s stock worth $71,924,000 after acquiring an additional 1,049 shares during the period. Institutional investors own 95.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on WTS shares. Stifel Nicolaus reduced 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 report on Friday, August 9th. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a research note on Monday. Robert W. Baird cut their price target on shares of 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. Finally, StockNews.com upgraded Watts Water Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Watts Water Technologies currently has an average rating of “Hold” and a consensus target price of $200.25.

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.