Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in Watts Water Technologies, Inc. (NYSE: WTS – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,600 shares of the technology company stock, valued at approximately $ 223,000.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in Watts Water Technologies by 7.0% during the 4th quarter. BlackRock Inc. now owns 4,897,734 shares of the technology company stock valued at $ 950,992,000 after purchasing an additional 318,578 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Watts Water Technologies by 4.1% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 649,133 shares of the technology company stock valued at $ 109,113,000 after acquiring an additional 25,625 shares in the last quarter. Geode Capital Management LLC raised its holdings in Watts Water Technologies by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 504,556 shares of the technology company stock valued at $ 97,969,000 after acquiring an additional 16,504 shares in the last quarter. Northern Trust Corp grew its stake in shares of Watts Water Technologies by 1.0% in the 4th quarter. Northern Trust Corp now owns 352,838 shares of the technology company stock valued at $ 68,511,000 after purchasing an additional 3,354 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Watts Water Technologies by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 311,561 shares of the technology company stock valued at $ 52,371,000 after purchasing an additional 8,162 shares during the period. Institutional investors own 75.11% of the company stock.
WTS stock opened at $ 117.03 on Friday. The firm has a market cap of $ 3.91 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.41 and a beta of 0.98. The company has a quick ratio of 1.28, a current ratio of 2.27 and a debt-to-equity ratio of 0.17. Watts Water Technologies, Inc. has a 12-month low of $ 116.31 and a 12-month high of $ 212.00. The company fifty day simple moving average is $ 130.38 and its 200 day simple moving average is $ 152.03.
Watts Water Technologies (NYSE: WTS – Get Rating) last posted its earnings results on Tuesday, May 3rd. The technology company reported $ 1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $ 1.39 by $ 0.24. Watts Water Technologies had a net margin of 9.60% and a return on equity of 17.41%. The company had revenue of $ 463.20 million for the quarter, compared to analyst estimates of $ 442.80 million. During the same quarter in the prior year, the business posted $ 1.24 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Research analysts expect that Watts Water Technologies, Inc. will post 6.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were given a dividend of $ 0.30 per share. This is an increase from Watts Water Technologies’s previous quarterly dividend of $ 0.26. This represents a $ 1.20 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Tuesday, May 31st. Watts Water Technologies’s dividend payout ratio is currently 22.77%.
In related news, insider Elie Melhem sold 3,800 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $ 129.54, for a total value of $ 492,252.00. Following the completion of the transaction, the insider now directly owns 12,303 shares of the company stock, valued at approximately $ 1,593,730.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.
WTS has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on Watts Water Technologies from $ 148.00 to $ 141.00 in a research report on Thursday, May 5th. Boenning Scattergood reissued a “neutral” rating on shares of Watts Water Technologies in a research note on Wednesday, May 4th. The Goldman Sachs Group cut their price objective on shares of Watts Water Technologies from $ 165.00 to $ 147.00 and set a “neutral” rating for the company in a research report on Wednesday, April 13th. Finally, StockNews.com began coverage on shares of Watts Water Technologies in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Watts Water Technologies presently has an average rating of “Hold” and a consensus target price of $ 144.00.
Watts Water Technologies Company Profile: (Get Rating)
Watts Water Technologies, Inc designs, manufactures, and sells products, solution, and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial and residential markets in the Americas, Europe, the Asia-Pacific , the Middle East, and Africa. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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