TimesSquare Capital Management LLC grew its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 11.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 405,860 shares of the technology company’s stock after buying an additional 42,900 shares during the period. TimesSquare Capital Management LLC owned approximately 1.19% of Watts Water Technologies worth $28,086,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Teachers Advisors LLC raised its position in shares of Watts Water Technologies by 2.5% during the first quarter. Teachers Advisors LLC now owns 47,096 shares of the technology company’s stock worth $2,936,000 after purchasing an additional 1,150 shares during the period. Renaissance Technologies LLC raised its position in shares of Watts Water Technologies by 40.4% during the first quarter. Renaissance Technologies LLC now owns 86,500 shares of the technology company’s stock worth $5,393,000 after purchasing an additional 24,900 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Watts Water Technologies by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,400 shares of the technology company’s stock worth $720,000 after purchasing an additional 100 shares during the period. Quantitative Systematic Strategies LLC acquired a new stake in shares of Watts Water Technologies during the second quarter worth about $243,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Watts Water Technologies during the second quarter worth about $202,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.
WTS has been the topic of a number of recent research reports. Boenning Scattergood reissued a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Cowen Inc reissued a “hold” rating and issued a $58.00 target price on shares of Watts Water Technologies in a research report on Thursday, September 28th. Zacks Investment Research raised Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Tuesday, October 3rd. Robert W. Baird lifted their target price on Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Watts Water Technologies presently has an average rating of “Hold” and an average price target of $72.83.
In other Watts Water Technologies news, insider Elie Melhem sold 2,545 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $70.48, for a total transaction of $179,371.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.
Watts Water Technologies, Inc. (WTS) traded up $0.15 during trading hours on Monday, hitting $72.65. The company’s stock had a trading volume of 39,900 shares, compared to its average volume of 127,498. The firm has a market cap of $2,480.85, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.12. Watts Water Technologies, Inc. has a 52-week low of $59.15 and a 52-week high of $73.40. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70.
Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.03. The firm had revenue of $347.70 million for the quarter, compared to analyst estimates of $361.22 million. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. equities research analysts forecast that Watts Water Technologies, Inc. will post 3.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, November 30th. Watts Water Technologies’s dividend payout ratio (DPR) is 28.15%.
Watts Water Technologies Profile
Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.
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