Exchange Traded Concepts LLC Has $184,000 Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Exchange Traded Concepts LLC reduced its position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 83.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 887 shares of the technology company's stock after selling 4,570 shares during the period. Exchange Traded Concepts LLC's holdings in Watts Water Technologies were worth $184,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norden Group LLC boosted its position in Watts Water Technologies by 1,826.3% during the first quarter. Norden Group LLC now owns 59,310 shares of the technology company's stock worth $12,606,000 after purchasing an additional 56,231 shares during the period. Seven Eight Capital LP bought a new stake in shares of Watts Water Technologies during the 1st quarter worth about $1,366,000. Central Pacific Bank Trust Division acquired a new position in Watts Water Technologies in the 1st quarter valued at about $1,238,000. AE Wealth Management LLC raised its holdings in Watts Water Technologies by 64.9% in the 2nd quarter. AE Wealth Management LLC now owns 71,555 shares of the technology company's stock valued at $13,121,000 after acquiring an additional 28,170 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in Watts Water Technologies by 54.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 44,840 shares of the technology company's stock worth $9,348,000 after acquiring an additional 15,901 shares during the last quarter. Institutional investors own 95.02% of the company's stock.

Insider Activity

In related news, insider Elie Melhem sold 1,710 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total transaction of $316,623.60. Following the sale, the insider now owns 11,516 shares in the company, valued at approximately $2,132,302.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Elie Melhem sold 1,710 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 11,516 shares in the company, valued at $2,132,302.56. This 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. Also, Director Michael J. Dubose sold 315 shares of the company's stock in a transaction 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 sale, the director now owns 2,755 shares of the company's stock, valued at approximately $512,237.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Watts Water Technologies Stock Performance

Shares of WTS traded down $2.94 during mid-day trading on Tuesday, hitting $200.71. 103,045 shares of the company's stock were exchanged, compared to its average volume of 146,271. The company has a quick ratio of 1.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Watts Water Technologies, Inc. has a 52 week low of $167.87 and a 52 week high of $219.52. The stock's 50-day simple moving average is $198.32 and its 200-day simple moving average is $197.45. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.95 and a beta of 0.89.

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

Watts Water Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, August 30th. Watts Water Technologies's dividend payout ratio is currently 20.87%.

Analysts Set New Price Targets

WTS has been the topic of several research reports. StockNews.com upgraded Watts Water Technologies from a "hold" rating to a "buy" rating in a research note on Friday, August 16th. Stifel Nicolaus lowered their price objective 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, Robert W. Baird dropped their target price on Watts Water Technologies from $225.00 to $199.00 and set a "neutral" rating for the company in a report on Friday, August 9th.

About Watts Water Technologies

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.