Creative Planning Has $1.43 Million Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Creative Planning raised its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 34.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,913 shares of the technology company’s stock after buying an additional 1,767 shares during the period. Creative Planning’s holdings in Watts Water Technologies were worth $1,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Birch Hill Investment Advisors LLC boosted its holdings in shares of Watts Water Technologies by 7.7% during the 3rd quarter. Birch Hill Investment Advisors LLC now owns 156,374 shares of the technology company’s stock valued at $32,399,000 after acquiring an additional 11,132 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Watts Water Technologies by 3.8% during the third quarter. Inspire Investing LLC now owns 2,043 shares of the technology company’s stock valued at $423,000 after purchasing an additional 75 shares in the last quarter. CWM LLC boosted its stake in shares of Watts Water Technologies by 24.4% during the third quarter. CWM LLC now owns 392 shares of the technology company’s stock valued at $81,000 after purchasing an additional 77 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Watts Water Technologies during the third quarter worth about $458,000. Finally, Handelsbanken Fonder AB increased its stake in shares of Watts Water Technologies by 12.6% in the third quarter. Handelsbanken Fonder AB now owns 7,144 shares of the technology company’s stock valued at $1,480,000 after buying an additional 800 shares during the period. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Stock Performance

NYSE:WTS opened at $197.93 on Wednesday. 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, Inc. has a fifty-two week low of $169.71 and a fifty-two week high of $219.52. The company has a 50 day simple moving average of $199.65 and a two-hundred day simple moving average of $197.28. The company has a market capitalization of $6.60 billion, a PE ratio of 24.02, a P/E/G ratio of 2.83 and a beta of 0.89.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.13. The company had revenue of $597.30 million during the quarter, compared to analysts’ expectations of $589.55 million. Watts Water Technologies had a net margin of 12.44% and a return on equity of 19.22%. Watts Water Technologies’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 earnings per share. Research analysts anticipate that Watts Water Technologies, Inc. will post 8.7 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.87%. Watts Water Technologies’s payout ratio is currently 20.87%.

Insider Buying and Selling at Watts Water Technologies

In related news, Director Michael J. Dubose sold 315 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $185.93, for a total transaction of $58,567.95. Following the transaction, the director now directly owns 2,755 shares of the company’s stock, valued at $512,237.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Elie Melhem sold 1,710 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was 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 of the company’s stock, valued at $2,132,302.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael J. Dubose sold 315 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total value of $58,567.95. Following the completion of the transaction, the director now owns 2,755 shares in the company, valued at approximately $512,237.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on WTS. Robert W. Baird reduced their target price on shares of Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus reduced their price objective on shares of Watts Water Technologies from $217.00 to $202.00 and set a “hold” 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 report 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.