Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,742 shares of the technology company’s stock after selling 2,612 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Watts Water Technologies were worth $2,238,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Allworth Financial LP lifted its holdings in shares of Watts Water Technologies by 47.5% during the fourth quarter. Allworth Financial LP now owns 174 shares of the technology company’s stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Watts Water Technologies by 3.2% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,025 shares of the technology company’s stock valued at $350,000 after buying an additional 62 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Watts Water Technologies by 6.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,404 shares of the technology company’s stock valued at $243,000 after buying an additional 84 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Watts Water Technologies by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 34,277 shares of the technology company’s stock worth $7,141,000 after buying an additional 87 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Watts Water Technologies by 50.3% in the fourth quarter. Fifth Third Bancorp now owns 281 shares of the technology company’s stock valued at $59,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the sale, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at $2,994,865.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 764 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $199.00, for a total value of $152,036.00. Following the completion of the transaction, the insider now directly owns 14,236 shares of the company’s stock, valued at $2,832,964. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Virginia A. Halloran sold 1,520 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $202.11, for a total transaction of $307,207.20. Following the transaction, the chief accounting officer now owns 14,818 shares in the company, valued at $2,994,865.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,113 shares of company stock valued at $1,023,106. 1.10% of the stock is currently owned by company insiders.

Watts Water Technologies Stock Up 2.7 %

WTS opened at $210.19 on Tuesday. The company has a market capitalization of $7.00 billion, a P/E ratio of 26.88, a P/E/G ratio of 3.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.61 and a quick ratio of 1.63. The firm’s fifty day moving average price is $204.57 and its two-hundred day moving average price is $199.35. Watts Water Technologies, Inc. has a fifty-two week low of $156.85 and a fifty-two week high of $219.52.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Monday, February 12th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.19. The business had revenue of $547.50 million for the quarter, compared to analysts’ expectations of $532.58 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 earnings per share. On average, analysts anticipate that Watts Water Technologies, Inc. will post 8.53 EPS for the current year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.44 annualized dividend and a yield of 0.69%. Watts Water Technologies’s dividend payout ratio is currently 18.41%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Robert W. Baird upped their price target on Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Stifel Nicolaus increased their target price on Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Watts Water Technologies presently has an average rating of “Hold” and a consensus target price of $191.20.

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.