ClariVest Asset Management LLC Has $1.23 Million Stake in Watts Water Technologies, Inc. (NYSE:WTS)

ClariVest Asset Management LLC reduced its stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 50.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,715 shares of the technology company's stock after selling 6,704 shares during the period. ClariVest Asset Management LLC's holdings in Watts Water Technologies were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. QRG Capital Management Inc. lifted its stake in Watts Water Technologies by 3.4% during the fourth quarter. QRG Capital Management Inc. now owns 2,013 shares of the technology company's stock valued at $419,000 after purchasing an additional 66 shares during the last quarter. Park Avenue Securities LLC increased its stake in Watts Water Technologies by 4.2% in the 1st quarter. Park Avenue Securities LLC now owns 1,645 shares of the technology company's stock worth $350,000 after purchasing an additional 67 shares in the last quarter. Banco Santander S.A. raised its holdings in Watts Water Technologies by 1.2% during the 2nd quarter. Banco Santander S.A. now owns 6,424 shares of the technology company's stock worth $1,178,000 after buying an additional 76 shares during the period. Fifth Third Bancorp increased its position in shares of Watts Water Technologies by 30.0% in the second quarter. Fifth Third Bancorp now owns 338 shares of the technology company's stock worth $62,000 after acquiring an additional 78 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in shares of Watts Water Technologies by 0.3% during the first quarter. Retirement Systems of Alabama now owns 34,367 shares of the technology company's stock valued at $7,305,000 after acquiring an additional 90 shares during the period. 95.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, Director Michael J. Dubose sold 315 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total transaction of $58,567.95. Following the transaction, the director now owns 2,755 shares in the company, valued at $512,237.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Elie Melhem sold 1,710 shares of Watts Water Technologies stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total value of $316,623.60. Following the transaction, the insider now directly owns 11,516 shares in the company, valued at $2,132,302.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Dubose sold 315 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $185.93, for a total value of $58,567.95. Following the sale, the director now owns 2,755 shares of the company's stock, valued at approximately $512,237.15. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Watts Water Technologies Stock Up 0.7 %

Shares of NYSE:WTS traded up $1.41 during midday trading on Thursday, hitting $192.44. 88,513 shares of the stock were exchanged, compared to its average volume of 148,652. The company has a market capitalization of $6.42 billion, a PE ratio of 23.78, a P/E/G ratio of 2.71 and a beta of 0.89. Watts Water Technologies, Inc. has a 52-week low of $167.87 and a 52-week high of $219.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 2.50. The business's fifty day simple moving average is $191.55 and its two-hundred day simple moving average is $197.82.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.13. The business had revenue of $597.30 million during the quarter, compared to analyst estimates of $589.55 million. Watts Water Technologies had a return on equity of 19.22% and a net margin of 12.44%. The firm's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.34 EPS. As a group, research analysts predict that Watts Water Technologies, Inc. will post 8.71 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, August 30th. Watts Water Technologies's dividend payout ratio is presently 21.34%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WTS. StockNews.com raised shares of Watts Water Technologies from a "hold" rating to a "buy" rating in a research note on Friday, August 16th. Stifel Nicolaus reduced 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. Finally, Robert W. Baird lowered their target price on Watts Water Technologies from $225.00 to $199.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th.

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.