Watts Water Technologies, Inc. $WTS Shares Acquired by Versor Investments LP

Versor Investments LP boosted its position in Watts Water Technologies, Inc. (NYSE:WTS) by 44.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,596 shares of the technology company’s stock after acquiring an additional 796 shares during the quarter. Versor Investments LP’s holdings in Watts Water Technologies were worth $638,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its holdings in Watts Water Technologies by 156.9% in the second quarter. Cullen Frost Bankers Inc. now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new stake in Watts Water Technologies in the first quarter valued at approximately $33,000. GAMMA Investing LLC raised its holdings in Watts Water Technologies by 80.5% in the first quarter. GAMMA Investing LLC now owns 278 shares of the technology company’s stock valued at $57,000 after acquiring an additional 124 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Watts Water Technologies in the first quarter valued at approximately $64,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Watts Water Technologies in the first quarter valued at approximately $77,000. Institutional investors and hedge funds own 95.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WTS. Barclays began coverage on shares of Watts Water Technologies in a report on Friday, September 19th. They issued an “equal weight” rating and a $287.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Watts Water Technologies in a research note on Friday, August 8th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Watts Water Technologies in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Watts Water Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Zacks Research lowered shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $261.00.

Insider Activity at Watts Water Technologies

In other news, Director Joseph T. Noonan sold 713 shares of Watts Water Technologies stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $274.45, for a total value of $195,682.85. Following the transaction, the director directly owned 1,194 shares of the company’s stock, valued at $327,693.30. The trade was a 37.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by insiders.

Watts Water Technologies Stock Performance

Shares of Watts Water Technologies stock opened at $271.39 on Tuesday. The firm’s 50 day moving average is $278.33 and its two-hundred day moving average is $256.54. The firm has a market capitalization of $9.05 billion, a P/E ratio of 29.18, a P/E/G ratio of 3.27 and a beta of 1.13. Watts Water Technologies, Inc. has a 52 week low of $177.59 and a 52 week high of $287.89. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.10.

Watts Water Technologies (NYSE:WTS) last announced its 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 for the quarter, compared to analysts’ expectations of $612.15 million. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 EPS. Research analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

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.