3,280 Shares in Watts Water Technologies, Inc. (NYSE:WTS) Bought by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. bought a new stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,280 shares of the technology company's stock, valued at approximately $695,000.

A number of other large investors have also made changes to their positions in WTS. Kayne Anderson Rudnick Investment Management LLC lifted its position in Watts Water Technologies by 1.5% in 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 in the last quarter. State Street Corp grew its holdings in shares of Watts Water Technologies by 0.9% during the third quarter. State Street Corp now owns 977,000 shares of the technology company's stock worth $202,425,000 after buying an additional 8,314 shares in the last quarter. Mirova US LLC raised its holdings in shares of Watts Water Technologies by 2.2% in the second quarter. Mirova US LLC now owns 715,674 shares of the technology company's stock valued at $131,233,000 after purchasing an additional 15,462 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Watts Water Technologies by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,538 shares of the technology company's stock valued at $107,738,000 after acquiring an additional 6,742 shares in the last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of Watts Water Technologies by 60.3% during the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company's stock worth $107,778,000 after purchasing an additional 195,778 shares in the last quarter. Institutional investors own 95.02% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WTS. Northcoast Research raised Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price target on the stock in a research report on Monday, November 4th. StockNews.com raised Watts Water Technologies from a "hold" rating to a "buy" rating in a report on Friday, August 16th.

Watts Water Technologies Stock Performance

Shares of WTS stock traded up $2.48 during trading hours on Monday, hitting $217.65. 74,018 shares of the company were exchanged, compared to its average volume of 144,556. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $221.19. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $207.02 and a 200 day simple moving average of $197.68. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 3.07 and a beta of 0.92.

Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.04. The firm 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 company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $2.04 EPS. Research analysts predict that Watts Water Technologies, Inc. will post 8.75 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, November 29th. Watts Water Technologies's dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling at Watts Water Technologies

In other news, CFO Shashank Patel sold 4,569 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.10, for a total value of $955,377.90. Following the transaction, the chief financial officer now directly owns 15,635 shares in the company, valued at approximately $3,269,278.50. This represents a 22.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Kenneth Robert Lepage sold 3,429 shares of the 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 transaction, the general counsel now directly owns 14,064 shares in the company, valued at $2,737,557.60. The trade was a 19.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,974 shares of company stock worth $6,924,594. 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.