Vanguard Personalized Indexing Management LLC Has $732,000 Stake in Watts Water Technologies, Inc. (NYSE:WTS)

Vanguard Personalized Indexing Management LLC grew its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 27.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,991 shares of the technology company’s stock after buying an additional 852 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Watts Water Technologies were worth $732,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Perpetual Ltd increased its stake in Watts Water Technologies by 9.5% during the first quarter. Perpetual Ltd now owns 46,721 shares of the technology company’s stock valued at $9,931,000 after acquiring an additional 4,068 shares during the period. Seven Eight Capital LP bought a new stake in shares of Watts Water Technologies during the first quarter valued at approximately $1,366,000. Norden Group LLC lifted its position in Watts Water Technologies by 1,826.3% in the first quarter. Norden Group LLC now owns 59,310 shares of the technology company’s stock worth $12,606,000 after purchasing an additional 56,231 shares during the period. Congress Asset Management Co. MA bought a new position in Watts Water Technologies in the fourth quarter worth $125,904,000. Finally, Banque Cantonale Vaudoise boosted its stake in Watts Water Technologies by 1,968.3% during the first quarter. Banque Cantonale Vaudoise now owns 4,509 shares of the technology company’s stock worth $958,000 after buying an additional 4,291 shares in the last quarter. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Stock Up 0.4 %

Shares of NYSE WTS opened at $206.93 on Wednesday. Watts Water Technologies, Inc. has a 52-week low of $167.87 and a 52-week high of $219.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 2.50. The business has a fifty day moving average of $194.52 and a two-hundred day moving average of $197.61. The stock has a market cap of $6.91 billion, a PE ratio of 25.67, 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. The firm had revenue of $597.30 million during the quarter, compared to the consensus estimate of $589.55 million. Watts Water Technologies had a net margin of 12.44% and a return on equity of 19.22%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $2.34 EPS. As a group, equities research analysts expect that Watts Water Technologies, Inc. will post 8.71 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, August 30th. Watts Water Technologies’s payout ratio is currently 21.34%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Michael J. Dubose sold 315 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total transaction of $58,567.95. Following the completion of the sale, the director now directly owns 2,755 shares of the company’s stock, valued at approximately $512,237.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael J. Dubose sold 315 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total transaction of $58,567.95. Following the sale, the director now owns 2,755 shares in the company, valued at $512,237.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elie Melhem sold 1,710 shares of Watts Water Technologies stock in a transaction dated 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 transaction, 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 corporate 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.