Edgestream Partners L.P. Has $3.14 Million Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Edgestream Partners L.P. decreased its position in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 41.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,132 shares of the technology company's stock after selling 10,720 shares during the period. Edgestream Partners L.P.'s holdings in Watts Water Technologies were worth $3,135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. HWG Holdings LP acquired a new stake in Watts Water Technologies in the 2nd quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Watts Water Technologies in the third quarter valued at approximately $30,000. Gradient Investments LLC bought a new stake in shares of Watts Water Technologies in the second quarter valued at approximately $31,000. Blue Trust Inc. grew its position in Watts Water Technologies by 520.5% during the second quarter. Blue Trust Inc. now owns 273 shares of the technology company's stock worth $50,000 after buying an additional 229 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Watts Water Technologies by 30.0% during the 2nd quarter. Fifth Third Bancorp now owns 338 shares of the technology company's stock worth $62,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 95.02% of the company's stock.

Watts Water Technologies Price Performance

Shares of WTS traded down $0.91 during mid-day trading on Monday, reaching $214.88. The company had a trading volume of 136,594 shares, compared to its average volume of 145,237. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 3.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55. The company's 50 day simple moving average is $206.37 and its 200 day simple moving average is $197.68. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $221.19.

Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.99 by $0.04. The firm had revenue of $543.60 million for the quarter, compared to analyst estimates of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $2.04 earnings per share. Analysts expect that Watts Water Technologies, Inc. will post 8.75 EPS for the current year.

Watts Water Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.43 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.72 dividend on an annualized basis and a yield of 0.80%. Watts Water Technologies's payout ratio is presently 20.62%.

Wall Street Analysts Forecast Growth

WTS has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their price target on Watts Water Technologies from $217.00 to $202.00 and set a "hold" rating on the stock in a research report on Friday, August 9th. Robert W. Baird dropped 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 research report on Friday, August 9th. StockNews.com upgraded shares of Watts Water Technologies from a "hold" rating to a "buy" rating in a research report on Friday, August 16th. Finally, Northcoast Research upgraded Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 target price for the company in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $200.25.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, General Counsel Kenneth Robert Lepage sold 2,607 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $212.72, for a total value of $554,561.04. Following the completion of the transaction, the general counsel now directly owns 11,457 shares in the company, valued at approximately $2,437,133.04. This represents a 18.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shashank Patel sold 4,569 shares of Watts Water Technologies stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.10, for a total transaction of $955,377.90. Following the transaction, the chief financial officer now owns 15,635 shares in the company, valued at approximately $3,269,278.50. This trade represents a 22.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,974 shares of company stock worth $6,924,594. 1.10% of the stock is currently owned by insiders.

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.