Massachusetts Financial Services Co. MA Sells 2,059 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Massachusetts Financial Services Co. MA cut its position in Watts Water Technologies, Inc. (NYSE:WTSFree Report) by 1.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 106,184 shares of the technology company’s stock after selling 2,059 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Watts Water Technologies were worth $22,122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WTS. Contravisory Investment Management Inc. purchased a new position in Watts Water Technologies in the 4th quarter worth about $26,000. Allworth Financial LP grew its stake in shares of Watts Water Technologies by 47.5% in the fourth quarter. Allworth Financial LP now owns 174 shares of the technology company’s stock worth $36,000 after acquiring an additional 56 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Watts Water Technologies during the fourth quarter valued at approximately $39,000. Headinvest LLC bought a new position in Watts Water Technologies during the third quarter valued at approximately $41,000. Finally, AdvisorNet Financial Inc boosted its holdings in Watts Water Technologies by 2,857.1% in the fourth quarter. AdvisorNet Financial Inc now owns 207 shares of the technology company’s stock worth $43,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Stock Down 0.1 %

WTS opened at $214.88 on Friday. The firm’s 50 day simple moving average is $206.32 and its two-hundred day simple moving average is $201.80. The company has a market capitalization of $7.16 billion, a PE ratio of 26.66, a PEG ratio of 3.13 and a beta of 0.95. Watts Water Technologies, Inc. has a 1-year low of $156.85 and a 1-year high of $219.52. The company has a current ratio of 2.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18.

Watts Water Technologies (NYSE:WTSGet Free Report) last announced its earnings results on Wednesday, May 8th. The technology company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.22. Watts Water Technologies had a return on equity of 19.61% and a net margin of 12.53%. The company had revenue of $570.90 million for the quarter, compared to analysts’ expectations of $547.20 million. During the same period last year, the firm earned $1.92 EPS. Watts Water Technologies’s revenue for the quarter was up 21.0% compared to the same quarter last year. As a group, equities analysts forecast that Watts Water Technologies, Inc. will post 8.57 EPS for the current year.

Watts Water Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Watts Water Technologies’s previous quarterly dividend of $0.36. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.80%. Watts Water Technologies’s payout ratio is 17.87%.

Insiders Place Their Bets

In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total value of $307,207.20. Following the completion of the transaction, the chief accounting officer now directly owns 14,818 shares in the company, valued at $2,994,865.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Virginia A. Halloran sold 1,520 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $202.11, for a total value of $307,207.20. Following the completion of the transaction, the chief accounting officer now owns 14,818 shares of the company’s stock, valued at $2,994,865.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Timothy P. Horne sold 764 shares of Watts Water Technologies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $199.00, for a total value of $152,036.00. Following the sale, the insider now directly owns 14,236 shares in the company, valued at approximately $2,832,964. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,613 shares of company stock worth $524,356. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

WTS has been the topic of several research analyst reports. Robert W. Baird increased their price target on Watts Water Technologies from $212.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, May 10th. 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 report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $199.50.

Get Our Latest Stock Report on Watts Water Technologies

Watts Water Technologies Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watts Water Technologies, Inc. (NYSE:WTSFree Report).

Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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