Mount Yale Investment Advisors LLC Sells 139 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Mount Yale Investment Advisors LLC reduced its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,712 shares of the technology company’s stock after selling 139 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Watts Water Technologies were worth $681,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Congress Asset Management Co. MA purchased a new stake in Watts Water Technologies in the 4th quarter worth approximately $125,904,000. Norges Bank purchased a new stake in Watts Water Technologies in the fourth quarter worth $61,513,000. Renaissance Technologies LLC lifted its stake in Watts Water Technologies by 171.7% in the second quarter. Renaissance Technologies LLC now owns 139,100 shares of the technology company’s stock worth $25,507,000 after acquiring an additional 87,900 shares during the period. Natixis boosted its holdings in Watts Water Technologies by 20,322.5% in the first quarter. Natixis now owns 61,676 shares of the technology company’s stock valued at $13,109,000 after acquiring an additional 61,374 shares in the last quarter. Finally, Norden Group LLC increased its position in Watts Water Technologies by 1,826.3% during the 1st quarter. Norden Group LLC now owns 59,310 shares of the technology company’s stock valued at $12,606,000 after purchasing an additional 56,231 shares during the period. 95.02% of the stock is owned by institutional investors.

Watts Water Technologies Stock Up 0.5 %

NYSE:WTS opened at $206.16 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 1.49. The firm’s 50-day moving average price is $194.34 and its 200-day moving average price is $197.60. The company has a market capitalization of $6.88 billion, a PE ratio of 25.58, a P/E/G ratio of 2.80 and a beta of 0.89. Watts Water Technologies, Inc. has a 1-year low of $167.87 and a 1-year high of $219.52.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. Watts Water Technologies had a net margin of 12.44% and a return on equity of 19.22%. The business had revenue of $597.30 million for the quarter, compared to analysts’ expectations of $589.55 million. During the same quarter in the prior year, the company earned $2.34 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that Watts Water Technologies, Inc. will post 8.71 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, August 30th. Watts Water Technologies’s payout ratio is 21.34%.

Insiders Place Their Bets

In other news, insider Elie Melhem sold 1,710 shares of Watts Water Technologies 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 transaction, the insider now owns 11,516 shares of the company’s stock, valued at approximately $2,132,302.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Elie Melhem sold 1,710 shares of the stock in a transaction that occurred 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 sale, the insider now owns 11,516 shares in the company, valued at $2,132,302.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael J. Dubose sold 315 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 2,755 shares of the company’s stock, valued at $512,237.15. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

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

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.