Watts Water Technologies, Inc. (NYSE:WTS) Holdings Raised by AE Wealth Management LLC

AE Wealth Management LLC increased its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 64.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,555 shares of the technology company’s stock after purchasing an additional 28,170 shares during the quarter. AE Wealth Management LLC owned approximately 0.21% of Watts Water Technologies worth $13,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Congress Asset Management Co. MA purchased a new position in shares of Watts Water Technologies in the fourth quarter worth approximately $125,904,000. Norges Bank purchased a new position in Watts Water Technologies during the 4th quarter worth approximately $61,513,000. Renaissance Technologies LLC raised its stake in Watts Water Technologies by 171.7% during the 2nd quarter. Renaissance Technologies LLC now owns 139,100 shares of the technology company’s stock valued at $25,507,000 after purchasing an additional 87,900 shares during the period. Congress Wealth Management LLC DE purchased a new stake in shares of Watts Water Technologies in the fourth quarter valued at $13,284,000. Finally, Natixis boosted its position in shares of Watts Water Technologies by 20,322.5% in the first quarter. Natixis now owns 61,676 shares of the technology company’s stock worth $13,109,000 after buying an additional 61,374 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on WTS. StockNews.com raised Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Robert W. Baird dropped their target price on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Stifel Nicolaus decreased their price target on shares of Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating for the company in a report on Friday, August 9th.

Watts Water Technologies Price Performance

WTS opened at $205.09 on Friday. The stock has a fifty day moving average price of $194.06 and a 200 day moving average price of $197.69. The company has a current ratio of 2.50, a quick ratio of 1.49 and a debt-to-equity ratio of 0.16. Watts Water Technologies, Inc. has a 1 year low of $167.87 and a 1 year high of $219.52. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.80 and a beta of 0.89.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.13. Watts Water Technologies had a return on equity of 19.22% and a net margin of 12.44%. The business had revenue of $597.30 million during the quarter, compared to analyst estimates of $589.55 million. During the same period in the previous year, the company earned $2.34 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. Analysts forecast that Watts Water Technologies, Inc. will post 8.71 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, August 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.84%. Watts Water Technologies’s dividend payout ratio (DPR) is 21.34%.

Insider Activity

In related news, insider Elie Melhem sold 1,710 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total value of $316,623.60. Following the completion of the sale, the insider now directly owns 11,516 shares in the company, valued at $2,132,302.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael J. Dubose sold 315 shares of Watts Water Technologies stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $185.93, for a total value of $58,567.95. Following the transaction, the director now owns 2,755 shares of the company’s stock, valued at $512,237.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Elie Melhem sold 1,710 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total transaction of $316,623.60. Following the sale, the insider now directly owns 11,516 shares of the company’s stock, valued at $2,132,302.56. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.