Barclays PLC Has $10.94 Million Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Barclays PLC raised its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 105.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,810 shares of the technology company's stock after purchasing an additional 27,138 shares during the period. Barclays PLC owned 0.16% of Watts Water Technologies worth $10,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WTS. Andina Capital Management LLC grew its stake in Watts Water Technologies by 3.3% in the third quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company's stock valued at $342,000 after acquiring an additional 52 shares during the period. Portside Wealth Group LLC raised its holdings in Watts Water Technologies by 2.5% during the 3rd quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company's stock worth $517,000 after buying an additional 60 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of Watts Water Technologies by 1.3% in the third quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company's stock valued at $1,085,000 after buying an additional 65 shares during the period. Inspire Investing LLC increased its position in shares of Watts Water Technologies by 3.8% during the third quarter. Inspire Investing LLC now owns 2,043 shares of the technology company's stock worth $423,000 after acquiring an additional 75 shares in the last quarter. Finally, Banco Santander S.A. raised its holdings in shares of Watts Water Technologies by 1.2% during the second quarter. Banco Santander S.A. now owns 6,424 shares of the technology company's stock worth $1,178,000 after acquiring an additional 76 shares during the period. 95.02% of the stock is owned by institutional investors.

Insider Activity at Watts Water Technologies

In related news, General Counsel Kenneth Robert Lepage sold 2,607 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $212.72, for a total transaction of $554,561.04. Following the sale, the general counsel now owns 11,457 shares in the company, valued at $2,437,133.04. The trade was a 18.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Monica Barry sold 1,559 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $212.52, for a total value of $331,318.68. Following the completion of the transaction, the insider now owns 4,430 shares of the company's stock, valued at $941,463.60. This represents a 26.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,974 shares of company stock valued at $6,924,594. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

WTS has been the subject of a number of research reports. Stifel Nicolaus increased their price objective on Watts Water Technologies from $202.00 to $218.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a research report on Tuesday. They issued a "hold" rating and a $240.00 target price on the stock. Finally, Northcoast Research raised Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price objective for the company in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $220.50.

Watts Water Technologies Price Performance

WTS stock traded down $3.95 during midday trading on Tuesday, reaching $214.72. The company had a trading volume of 338,224 shares, compared to its average volume of 145,718. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 3.11 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $222.70. The stock has a 50 day moving average price of $208.93 and a 200-day moving average price of $198.42.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings data 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. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The business had revenue of $543.60 million for the quarter, compared to analysts' expectations of $541.83 million. During the same period last year, the firm posted $2.04 earnings per share. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.43 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.80%. Watts Water Technologies's payout ratio is currently 20.62%.

About Watts Water Technologies

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.