Watts Water Technologies, Inc. (NYSE:WTS - Get Free Report) General Counsel Kenneth Robert Lepage sold 3,429 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $194.65, for a total value of $667,454.85. Following the sale, the general counsel now owns 14,064 shares of the company's stock, valued at approximately $2,737,557.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Watts Water Technologies Stock Performance
Shares of NYSE WTS traded up $1.98 during mid-day trading on Monday, hitting $195.66. The company had a trading volume of 108,350 shares, compared to its average volume of 145,152. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.74 and a beta of 0.90. Watts Water Technologies, Inc. has a 12 month low of $175.37 and a 12 month high of $219.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.49. The firm's 50 day simple moving average is $200.02 and its two-hundred day simple moving average is $197.17.
Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. The business had revenue of $543.60 million for 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 business's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $2.04 EPS. As a group, equities research analysts forecast that Watts Water Technologies, Inc. will post 8.7 earnings per share for the current year.
Watts Water Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, November 29th. Watts Water Technologies's payout ratio is currently 20.62%.
Institutional Trading of Watts Water Technologies
Several hedge funds have recently added to or reduced their stakes in the business. HWG Holdings LP bought a new stake in shares of Watts Water Technologies in the 2nd quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in shares of Watts Water Technologies in the 3rd quarter worth $30,000. Gradient Investments LLC bought a new stake in shares of Watts Water Technologies in the 2nd quarter worth $31,000. Blue Trust Inc. raised its stake in shares of Watts Water Technologies by 520.5% in the 2nd 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, EntryPoint Capital LLC bought a new stake in shares of Watts Water Technologies in the 1st quarter worth $53,000. Institutional investors own 95.02% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on WTS shares. Stifel Nicolaus lowered their price objective on Watts Water Technologies from $217.00 to $202.00 and set a "hold" rating for the company in a research note on Friday, August 9th. StockNews.com upgraded Watts Water Technologies from a "hold" rating to a "buy" rating in a research report on Friday, August 16th. Robert W. Baird decreased their target price on 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. 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 report on Monday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $200.25.
Read Our Latest Stock Analysis on WTS
About Watts Water Technologies
(
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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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