Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,315 shares of the technology company’s stock after selling 1,020 shares during the period. Amalgamated Bank’s holdings in Watts Water Technologies were worth $2,442,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WTS. Rise Advisors LLC purchased a new position in Watts Water Technologies in the first quarter valued at approximately $26,000. Gradient Investments LLC acquired a new position in shares of Watts Water Technologies in the 2nd quarter valued at $31,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Watts Water Technologies by 502.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 223 shares of the technology company’s stock valued at $47,000 after buying an additional 186 shares during the last quarter. Blue Trust Inc. raised its stake in Watts Water Technologies by 520.5% during the 2nd quarter. Blue Trust Inc. now owns 273 shares of the technology company’s stock worth $50,000 after acquiring an additional 229 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Watts Water Technologies during the 1st quarter worth $53,000. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

Shares of NYSE:WTS opened at $206.93 on Wednesday. Watts Water Technologies, Inc. has a one year low of $167.87 and a one year high of $219.52. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.80 and a beta of 0.89. The company has a 50-day simple moving average of $194.52 and a 200-day simple moving average of $197.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 2.50.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 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 firm had revenue of $597.30 million during the quarter, compared to the consensus estimate of $589.55 million. During the same period in the prior year, the business earned $2.34 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that Watts Water Technologies, Inc. will post 8.71 EPS for the current year.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.43 per share. 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 dividend payout ratio is presently 21.34%.

Insider Activity at Watts Water Technologies

In other Watts Water Technologies 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 transaction of $316,623.60. Following the completion of the transaction, the insider now owns 11,516 shares in the company, valued at approximately $2,132,302.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Watts Water Technologies news, insider Elie Melhem sold 1,710 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 11,516 shares in the company, valued at approximately $2,132,302.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Dubose sold 315 shares of the firm’s 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 completion of the sale, the director now directly owns 2,755 shares of the company’s stock, valued at $512,237.15. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

WTS has been the topic of several research reports. Stifel Nicolaus dropped their price objective on Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Robert W. Baird dropped their price target on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, StockNews.com upgraded Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th.

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.