DekaBank Deutsche Girozentrale Grows Stake in Watts Water Technologies, Inc. (NYSE:WTS)

DekaBank Deutsche Girozentrale grew its position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,744 shares of the technology company's stock after purchasing an additional 5,904 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.15% of Watts Water Technologies worth $9,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WTS. Rise Advisors LLC purchased a new position in Watts Water Technologies in the 1st quarter worth approximately $26,000. Gradient Investments LLC bought a new stake in shares of Watts Water Technologies during the second quarter valued at approximately $31,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Watts Water Technologies by 502.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 223 shares of the technology company's stock worth $47,000 after buying an additional 186 shares in the last quarter. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 229 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Watts Water Technologies during the first quarter valued at $53,000. 95.02% of the stock is owned by hedge funds and other institutional investors.

Watts Water Technologies Price Performance

Shares of Watts Water Technologies stock traded up $3.87 during trading hours on Tuesday, reaching $199.01. The company's stock had a trading volume of 149,491 shares, compared to its average volume of 147,963. The firm has a 50 day moving average price of $192.92 and a 200-day moving average price of $197.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 1.49. The stock has a market cap of $6.64 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.76 and a beta of 0.89. Watts Water Technologies, Inc. has a one year low of $167.87 and a one year high of $219.52.

Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.13. The company had revenue of $597.30 million for the quarter, compared to analysts' expectations 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 for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.34 earnings per share. On average, analysts predict that Watts Water Technologies, Inc. will post 8.71 EPS for the current year.

Watts Water Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.43 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.86%. Watts Water Technologies's dividend payout ratio is presently 21.34%.

Wall Street Analysts Forecast Growth

Several analysts have commented on WTS shares. Robert W. Baird decreased their price target on shares of 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. Stifel Nicolaus decreased their target price 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. Finally, StockNews.com upgraded Watts Water Technologies from a "hold" rating to a "buy" rating in a report on Friday, August 16th.

Insiders Place Their Bets

In other news, insider Elie Melhem sold 1,710 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total value of $316,623.60. Following the sale, the insider now owns 11,516 shares of the company's stock, valued at $2,132,302.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Elie Melhem sold 1,710 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total transaction of $316,623.60. Following the transaction, the insider now owns 11,516 shares of the company's stock, valued at $2,132,302.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $58,567.95. Following the completion of the sale, the director now owns 2,755 shares in the company, valued at $512,237.15. The disclosure for this sale can be found here. 1.10% of the stock is 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.