Quest Partners LLC Sells 6,026 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Quest Partners LLC decreased its position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 59.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,094 shares of the technology company's stock after selling 6,026 shares during the period. Quest Partners LLC's holdings in Watts Water Technologies were worth $848,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. HWG Holdings LP acquired a new stake in Watts Water Technologies during the second quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Watts Water Technologies in the 3rd quarter valued at approximately $30,000. Gradient Investments LLC acquired a new position in Watts Water Technologies in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. increased its stake in Watts Water Technologies by 520.5% in the 2nd quarter. Blue Trust Inc. now owns 273 shares of the technology company's stock valued at $50,000 after buying an additional 229 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in Watts Water Technologies in the 1st quarter valued at approximately $53,000. 95.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, insider Monica Barry sold 1,559 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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. This represents a 26.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Kenneth Robert Lepage sold 3,429 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $194.65, for a total transaction of $667,454.85. Following the sale, the general counsel now owns 14,064 shares in the company, valued at $2,737,557.60. The trade was a 19.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,974 shares of company stock worth $6,924,594 over the last ninety days. Insiders own 1.10% of the company's stock.

Watts Water Technologies Trading Up 2.1 %

Watts Water Technologies stock traded up $4.37 during midday trading on Friday, hitting $215.17. 144,259 shares of the stock were exchanged, compared to its average volume of 145,224. The company has a fifty day simple moving average of $204.31 and a two-hundred day simple moving average of $197.77. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $219.52. The stock has a market capitalization of $7.17 billion, a PE ratio of 25.35, a P/E/G ratio of 2.97 and a beta of 0.90. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced 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 analyst estimates of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 earnings per share. Equities research analysts anticipate that Watts Water Technologies, Inc. will post 8.74 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. Watts Water Technologies's dividend payout ratio is currently 20.62%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WTS. StockNews.com upgraded shares of Watts Water Technologies from a "hold" rating to a "buy" rating in a research note on Friday, August 16th. Northcoast Research upgraded shares of Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 target price on the stock in a research note on Monday, November 4th. Robert W. Baird lowered their target price 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. Finally, Stifel Nicolaus lowered their target price on shares of Watts Water Technologies from $217.00 to $202.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. 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 company currently has an average rating of "Hold" and an average target price of $200.25.

Watts Water Technologies Company 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.