Watts Water Technologies, Inc. (NYSE:WTS - Get Free Report) CEO Robert J. Pagano, Jr. sold 20,810 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total value of $4,415,882.00. Following the completion of the sale, the chief executive officer now directly owns 176,045 shares of the company's stock, valued at $37,356,749. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Watts Water Technologies Stock Performance
WTS stock traded up $1.35 during midday trading on Friday, reaching $208.59. 109,830 shares of the company's stock traded hands, compared to its average volume of 145,884. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $219.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55. The firm has a market capitalization of $6.95 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 3.04 and a beta of 0.90. The company has a 50-day moving average price of $201.10 and a two-hundred day moving average price of $197.32.
Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.99 by $0.04. The firm had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 EPS. As a group, equities analysts anticipate that Watts Water Technologies, Inc. will post 8.72 EPS for the current year.
Watts Water Technologies Announces Dividend
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 0.82%. The ex-dividend date is Friday, November 29th. Watts Water Technologies's payout ratio is currently 20.62%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in Watts Water Technologies in the third quarter valued at $30,000. HWG Holdings LP purchased a new position in shares of Watts Water Technologies in the second quarter worth $28,000. Gradient Investments LLC acquired a new position in Watts Water Technologies in the 2nd quarter valued at about $31,000. EntryPoint Capital LLC acquired a new stake in shares of Watts Water Technologies in the 1st quarter valued at $53,000. Finally, Blue Trust Inc. lifted its holdings 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 valued at $50,000 after buying an additional 229 shares during the period. Institutional investors and hedge funds own 95.02% of the company's stock.
Analyst Upgrades and Downgrades
WTS has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on shares of 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. Robert W. Baird decreased their price objective on shares of Watts Water Technologies from $225.00 to $199.00 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Northcoast Research upgraded Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 target price on the stock in a research report on Monday. Finally, StockNews.com raised Watts Water Technologies from a "hold" rating to a "buy" rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $200.25.
View Our Latest Research Report on Watts Water Technologies
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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