Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. cut its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 14.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,393 shares of the technology company’s stock after selling 234 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Watts Water Technologies were worth $289,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in Watts Water Technologies in the 1st quarter worth about $26,000. HWG Holdings LP acquired a new stake in Watts Water Technologies in the 2nd quarter worth about $28,000. Gradient Investments LLC acquired a new stake in Watts Water Technologies in the 2nd quarter worth about $31,000. Benjamin F. Edwards & Company Inc. boosted its holdings in 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 worth $47,000 after buying an additional 186 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Watts Water Technologies by 520.5% in the 2nd quarter. Blue Trust Inc. now owns 273 shares of the technology company’s stock worth $50,000 after buying an additional 229 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Watts Water Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Robert W. Baird lowered their price objective on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, 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.

Watts Water Technologies Trading Up 0.6 %

WTS opened at $204.95 on Friday. 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 company’s 50 day simple moving average is $195.66 and its two-hundred day simple moving average is $197.81. Watts Water Technologies, Inc. has a 1-year low of $167.87 and a 1-year high of $219.52. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 2.96 and a beta of 0.89.

Watts Water Technologies (NYSE:WTS) last released its earnings results 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. The business had revenue of $597.30 million for the quarter, compared to analyst estimates of $589.55 million. Watts Water Technologies had a net margin of 12.44% and a return on equity of 19.22%. The business’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $2.34 EPS. Analysts expect that Watts Water Technologies, Inc. will post 8.71 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, August 30th. Watts Water Technologies’s payout ratio is presently 21.34%.

Insider Activity

In other news, Director Michael J. Dubose sold 315 shares of Watts Water Technologies stock in a transaction that occurred 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 sale, the director now owns 2,755 shares of the company’s stock, valued at approximately $512,237.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Elie Melhem sold 1,710 shares of Watts Water Technologies stock in a transaction that occurred on 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 sale, the insider now owns 11,516 shares in the company, valued at approximately $2,132,302.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Dubose sold 315 shares of Watts Water Technologies stock in a transaction that occurred 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 completion of the sale, the director now owns 2,755 shares of the company’s stock, valued at $512,237.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.