Watts Water Technologies, Inc. (NYSE:WTS - Get Free Report) CFO Shashank Patel sold 1,508 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $215.10, for a total transaction of $324,370.80. Following the sale, the chief financial officer now owns 20,204 shares in the company, valued at $4,345,880.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Watts Water Technologies Price Performance
Shares of WTS stock traded down $1.67 on Friday, reaching $208.50. The company had a trading volume of 135,316 shares, compared to its average volume of 147,988. The stock has a market capitalization of $6.96 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 3.06 and a beta of 0.95. The company has a quick ratio of 1.44, a current ratio of 2.48 and a debt-to-equity ratio of 0.18. Watts Water Technologies, Inc. has a one year low of $156.85 and a one year high of $219.52. The business's 50-day moving average is $207.29 and its 200 day moving average is $202.69.
Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its earnings results on Wednesday, May 8th. The technology company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.22. The firm had revenue of $570.90 million during the quarter, compared to analysts' expectations of $547.20 million. Watts Water Technologies had a net margin of 12.53% and a return on equity of 19.61%. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 earnings per share. Equities research analysts forecast that Watts Water Technologies, Inc. will post 8.57 EPS for the current fiscal year.
Watts Water Technologies Increases Dividend
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from Watts Water Technologies's previous quarterly dividend of $0.36. Watts Water Technologies's dividend payout ratio (DPR) is 17.87%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in WTS. California Public Employees Retirement System raised its holdings in Watts Water Technologies by 1.4% in the 3rd quarter. California Public Employees Retirement System now owns 39,060 shares of the technology company's stock valued at $6,750,000 after buying an additional 555 shares during the last quarter. NBC Securities Inc. bought a new position in Watts Water Technologies during the 3rd quarter worth approximately $89,000. Victory Capital Management Inc. raised its holdings in Watts Water Technologies by 1.3% during the 3rd quarter. Victory Capital Management Inc. now owns 592,018 shares of the technology company's stock worth $102,313,000 after purchasing an additional 7,732 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Watts Water Technologies by 1.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 13,354 shares of the technology company's stock worth $2,308,000 after purchasing an additional 237 shares during the last quarter. Finally, Versor Investments LP bought a new position in Watts Water Technologies during the 3rd quarter worth approximately $277,000. Institutional investors own 95.02% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on WTS. Stifel Nicolaus increased their price objective on shares of Watts Water Technologies from $206.00 to $209.00 and gave the stock a "hold" rating in a research note on Wednesday, April 17th. Robert W. Baird increased their target price on shares of Watts Water Technologies from $212.00 to $225.00 and gave the stock a "neutral" rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $199.50.
Get Our Latest Report on WTS
Watts Water Technologies Company Profile
(
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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.
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