SG Americas Securities LLC Sells 7,132 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

SG Americas Securities LLC reduced its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 81.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,670 shares of the technology company’s stock after selling 7,132 shares during the period. SG Americas Securities LLC’s holdings in Watts Water Technologies were worth $346,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC lifted its position in Watts Water Technologies by 1.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,050,215 shares of the technology company’s stock valued at $375,948,000 after acquiring an additional 29,473 shares during the period. Mirova US LLC lifted its position in Watts Water Technologies by 2.2% during the 2nd quarter. Mirova US LLC now owns 715,674 shares of the technology company’s stock valued at $131,233,000 after acquiring an additional 15,462 shares during the period. Dimensional Fund Advisors LP raised its holdings in Watts Water Technologies by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 587,538 shares of the technology company’s stock worth $107,738,000 after buying an additional 6,742 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Watts Water Technologies by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,378 shares of the technology company’s stock worth $71,924,000 after buying an additional 1,049 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Watts Water Technologies by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 287,553 shares of the technology company’s stock worth $52,729,000 after buying an additional 8,370 shares during the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Watts Water Technologies

In related news, Director Michael J. Dubose sold 315 shares of the business’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 transaction of $58,567.95. Following the completion of the sale, the director now directly owns 2,755 shares in the company, valued at approximately $512,237.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 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 completion of the sale, the insider now directly owns 11,516 shares in the company, valued at approximately $2,132,302.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Dubose sold 315 shares of the business’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 transaction of $58,567.95. Following 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 ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Watts Water Technologies Stock Down 0.8 %

WTS opened at $205.90 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $197.45 and a 200-day moving average price of $197.62. Watts Water Technologies, Inc. has a twelve month low of $167.87 and a twelve month high of $219.52. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.97 and a beta of 0.89.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $597.30 million during the quarter, compared to analysts’ expectations of $589.55 million. During the same period in the previous year, the company earned $2.34 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts forecast that Watts Water Technologies, Inc. will post 8.71 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, August 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.84%. Watts Water Technologies’s payout ratio is 20.87%.

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.