Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. trimmed its position in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,949 shares of the technology company's stock after selling 2,060 shares during the quarter. Hantz Financial Services Inc. owned about 0.15% of Watts Water Technologies worth $9,951,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WTS. Bank of Montreal Can raised its position in shares of Watts Water Technologies by 768.8% in the 2nd quarter. Bank of Montreal Can now owns 25,925 shares of the technology company's stock valued at $4,872,000 after purchasing an additional 22,941 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Watts Water Technologies in the 2nd quarter valued at approximately $2,176,000. AQR Capital Management LLC raised its position in shares of Watts Water Technologies by 9.0% in the 2nd quarter. AQR Capital Management LLC now owns 69,614 shares of the technology company's stock valued at $12,765,000 after purchasing an additional 5,773 shares during the last quarter. Millennium Management LLC raised its position in shares of Watts Water Technologies by 1,070.6% in the 2nd quarter. Millennium Management LLC now owns 209,000 shares of the technology company's stock valued at $38,324,000 after purchasing an additional 191,146 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Watts Water Technologies by 117.4% in the 2nd quarter. Mackenzie Financial Corp now owns 3,722 shares of the technology company's stock valued at $683,000 after purchasing an additional 2,010 shares during the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Watts Water Technologies

In other news, CEO Robert J. Pagano, Jr. sold 20,810 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total transaction of $4,415,882.00. Following the sale, the chief executive officer now owns 176,045 shares of the company's stock, valued at $37,356,749. This trade represents a 10.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Monica Barry sold 1,559 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $212.52, for a total transaction of $331,318.68. Following the sale, the insider now directly owns 4,430 shares in the company, valued at $941,463.60. The trade was a 26.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,974 shares of company stock valued at $6,924,594 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WTS has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on shares of Watts Water Technologies from $202.00 to $218.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Northcoast Research raised shares of Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price target for the company in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They set a "hold" rating and a $240.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $220.50.

Watts Water Technologies Stock Performance

WTS traded down $0.88 during trading on Friday, reaching $206.40. 265,532 shares of the company's stock were exchanged, compared to its average volume of 107,767. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $222.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. The stock has a market capitalization of $6.88 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 3.39 and a beta of 0.93. The company's fifty day simple moving average is $209.06 and its 200-day simple moving average is $202.74.

Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.04. The business had revenue of $543.60 million for the quarter, compared to analysts' expectations of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The business's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $2.04 EPS. As a group, research analysts predict that Watts Water Technologies, Inc. will post 8.73 earnings per share for the current fiscal year.

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.