Boston Trust Walden Corp Buys 5,193 Shares of Watts Water Technologies, Inc. $WTS

Boston Trust Walden Corp boosted its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 518,722 shares of the technology company’s stock after acquiring an additional 5,193 shares during the period. Watts Water Technologies accounts for 0.9% of Boston Trust Walden Corp’s investment portfolio, making the stock its 18th largest holding. Boston Trust Walden Corp’s holdings in Watts Water Technologies were worth $127,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. boosted its holdings in Watts Water Technologies by 0.8% in the second quarter. Johnson Investment Counsel Inc. now owns 9,416 shares of the technology company’s stock valued at $2,315,000 after acquiring an additional 71 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Watts Water Technologies by 2.0% in the first quarter. Mackenzie Financial Corp now owns 4,172 shares of the technology company’s stock valued at $851,000 after buying an additional 80 shares during the period. State of Alaska Department of Revenue lifted its stake in Watts Water Technologies by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 3,207 shares of the technology company’s stock valued at $653,000 after buying an additional 85 shares during the period. Ables Iannone Moore & Associates Inc. lifted its stake in Watts Water Technologies by 2.3% in the second quarter. Ables Iannone Moore & Associates Inc. now owns 4,045 shares of the technology company’s stock valued at $995,000 after buying an additional 90 shares during the period. Finally, State of Michigan Retirement System lifted its stake in Watts Water Technologies by 1.5% in the first quarter. State of Michigan Retirement System now owns 6,595 shares of the technology company’s stock valued at $1,345,000 after buying an additional 100 shares during the period. 95.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WTS. Stifel Nicolaus boosted their price target on Watts Water Technologies from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Watts Water Technologies in a research note on Friday, August 8th. Barclays assumed coverage on Watts Water Technologies in a research report on Friday, September 19th. They set an “equal weight” rating and a $287.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Watts Water Technologies in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered Watts Water Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Watts Water Technologies has a consensus rating of “Hold” and a consensus target price of $253.80.

Watts Water Technologies Trading Up 1.3%

NYSE WTS opened at $270.72 on Tuesday. The firm has a market capitalization of $9.03 billion, a P/E ratio of 29.11, a PEG ratio of 3.21 and a beta of 1.13. The business has a fifty day simple moving average of $276.89 and a 200 day simple moving average of $247.45. Watts Water Technologies, Inc. has a 12 month low of $177.59 and a 12 month high of $287.89. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.10.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.41. The business had revenue of $643.70 million during the quarter, compared to analyst estimates of $612.15 million. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.Watts Water Technologies’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.46 EPS. On average, analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 29th. Watts Water Technologies’s dividend payout ratio is presently 22.37%.

Insider Buying and Selling

In related news, Director Joseph T. Noonan sold 713 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $274.45, for a total value of $195,682.85. Following the completion of the sale, the director directly owned 1,194 shares of the company’s stock, valued at approximately $327,693.30. This represents a 37.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Watts Water Technologies 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.