Quilter Plc Sells 2,307 Shares of Watts Water Technologies, Inc. $WTS

Quilter Plc cut its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 7.3% during the second quarter, Holdings Channel reports. The fund owned 29,474 shares of the technology company’s stock after selling 2,307 shares during the period. Quilter Plc’s holdings in Watts Water Technologies were worth $7,247,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Watts Water Technologies by 0.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,470,140 shares of the technology company’s stock worth $503,711,000 after purchasing an additional 6,765 shares during the last quarter. Boston Partners grew its holdings in Watts Water Technologies by 43.3% during the 1st quarter. Boston Partners now owns 905,783 shares of the technology company’s stock worth $184,708,000 after acquiring an additional 273,628 shares during the last quarter. Geode Capital Management LLC grew its holdings in Watts Water Technologies by 20.7% during the 2nd quarter. Geode Capital Management LLC now owns 804,050 shares of the technology company’s stock worth $197,728,000 after acquiring an additional 138,034 shares during the last quarter. Mirova US LLC increased its position in Watts Water Technologies by 2.7% in the 2nd quarter. Mirova US LLC now owns 748,328 shares of the technology company’s stock valued at $184,006,000 after acquiring an additional 19,344 shares in the last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of Watts Water Technologies by 1.0% in the second quarter. Boston Trust Walden Corp now owns 518,722 shares of the technology company’s stock worth $127,549,000 after acquiring an additional 5,193 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.

Analyst Ratings Changes

WTS has been the subject of a number of research reports. Zacks Research lowered shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Watts Water Technologies in a research report on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Watts Water Technologies in a research report on Monday. Barclays raised their price target on Watts Water Technologies from $287.00 to $300.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Finally, Stifel Nicolaus lifted their price objective on Watts Water Technologies from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $264.25.

Insider Buying and Selling at Watts Water Technologies

In other news, major shareholder Timothy P. Horne sold 6,994 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $278.65, for a total value of $1,948,878.10. Following the completion of the transaction, the insider owned 23,006 shares in the company, valued at $6,410,621.90. This represents a 23.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Watts Water Technologies Trading Up 0.1%

Shares of NYSE WTS opened at $267.04 on Thursday. Watts Water Technologies, Inc. has a twelve month low of $177.59 and a twelve month high of $287.89. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 3.27 and a beta of 1.17. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average is $276.46 and its 200-day moving average is $261.72.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.29 by $0.21. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.The business had revenue of $611.70 million for the quarter, compared to the consensus estimate of $576.20 million. During the same quarter last year, the business posted $2.03 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. Watts Water Technologies has set its FY 2025 guidance at EPS. Equities research analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, December 1st. Watts Water Technologies’s dividend payout ratio is presently 21.47%.

Watts Water Technologies Company 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.