Citigroup Inc. Has $5.18 Million Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Citigroup Inc. increased its position in Watts Water Technologies, Inc. (NYSE:WTS) by 157.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,006 shares of the technology company’s stock after buying an additional 15,290 shares during the period. Citigroup Inc. owned 0.08% of Watts Water Technologies worth $5,181,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WTS. V Square Quantitative Management LLC bought a new position in Watts Water Technologies during the 3rd quarter valued at $30,000. HWG Holdings LP purchased a new position in shares of Watts Water Technologies during the second quarter worth about $28,000. Gradient Investments LLC purchased a new position in Watts Water Technologies in the second quarter worth $31,000. Blue Trust Inc. raised its holdings in shares of Watts Water Technologies by 520.5% during the 2nd quarter. Blue Trust Inc. now owns 273 shares of the technology company’s stock valued at $50,000 after buying an additional 229 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Watts Water Technologies in the 3rd quarter worth approximately $68,000. Institutional investors and hedge funds own 95.02% of the company’s stock.

Watts Water Technologies Stock Down 0.4 %

Shares of NYSE:WTS opened at $214.88 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $221.19. The firm has a market capitalization of $7.16 billion, a P/E ratio of 25.76, a P/E/G ratio of 3.08 and a beta of 0.92. The stock has a 50 day moving average price of $206.37 and a 200-day moving average price of $197.68.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.83 million. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 earnings per share. As a group, equities research analysts anticipate that Watts Water Technologies, Inc. will post 8.75 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently disclosed 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 0.80%. The ex-dividend date is Friday, November 29th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 20.62%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WTS shares. Robert W. Baird dropped their target price on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Stifel Nicolaus decreased their target price 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. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $200.25.

Insider Buying and Selling at Watts Water Technologies

In related news, CEO Robert J. Pagano, Jr. sold 20,810 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total transaction of $4,415,882.00. Following the completion of the sale, the chief executive officer now owns 176,045 shares of the company’s stock, valued at $37,356,749. This trade represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Kenneth Robert Lepage sold 3,429 shares of Watts Water Technologies stock in a transaction on Monday, November 4th. The stock was sold at an average price of $194.65, for a total value of $667,454.85. Following the completion of the sale, the general counsel now directly owns 14,064 shares of the company’s stock, valued at approximately $2,737,557.60. The trade was a 19.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,974 shares of company stock valued at $6,924,594. Corporate insiders own 1.10% of the company’s stock.

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.