Watts Water Technologies, Inc. (NYSE:WTS) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 4.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 741,743 shares of the technology company's stock after purchasing an additional 30,688 shares during the quarter. Geode Capital Management LLC owned about 2.23% of Watts Water Technologies worth $153,708,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Andina Capital Management LLC boosted its holdings in Watts Water Technologies by 3.3% in the third quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company's stock valued at $342,000 after acquiring an additional 52 shares during the last quarter. Portside Wealth Group LLC lifted its stake in shares of Watts Water Technologies by 2.5% in the 3rd quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company's stock valued at $517,000 after purchasing an additional 60 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Watts Water Technologies by 1.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company's stock valued at $1,085,000 after purchasing an additional 65 shares in the last quarter. M&T Bank Corp increased its position in Watts Water Technologies by 3.4% during the 3rd quarter. M&T Bank Corp now owns 2,272 shares of the technology company's stock worth $471,000 after purchasing an additional 74 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in Watts Water Technologies by 3.8% in the third quarter. Inspire Investing LLC now owns 2,043 shares of the technology company's stock valued at $423,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 95.02% of the company's stock.

Watts Water Technologies Stock Down 1.8 %

NYSE:WTS traded down $3.95 during trading hours on Tuesday, hitting $214.72. The stock had a trading volume of 338,224 shares, compared to its average volume of 145,718. The business has a 50 day simple moving average of $208.93 and a two-hundred day simple moving average of $198.42. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $222.70. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The company has a market cap of $7.16 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 3.11 and a beta of 0.92.

Watts Water Technologies (NYSE:WTS - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The firm had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.83 million. During the same quarter in the previous year, the firm posted $2.04 EPS. The firm's quarterly revenue was up 7.8% on a year-over-year basis. Analysts predict that Watts Water Technologies, Inc. will post 8.74 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, November 29th. Watts Water Technologies's dividend payout ratio (DPR) is 20.62%.

Wall Street Analyst Weigh In

WTS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Watts Water Technologies in a research note on Tuesday. They set a "hold" rating and a $240.00 price objective for the company. Northcoast Research raised shares of Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price target for the company in a research report on Monday, November 4th. Finally, Stifel Nicolaus increased their price target on Watts Water Technologies from $202.00 to $218.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Watts Water Technologies currently has a consensus rating of "Hold" and an average price target of $220.50.

Insider Activity at Watts Water Technologies

In other news, insider Monica Barry sold 1,559 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $212.52, for a total value of $331,318.68. Following the completion of the sale, the insider now owns 4,430 shares of the company's stock, valued at approximately $941,463.60. The trade was a 26.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Kenneth Robert Lepage sold 3,429 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $194.65, for a total transaction of $667,454.85. Following the completion of the sale, the general counsel now owns 14,064 shares in the company, valued at approximately $2,737,557.60. This trade represents a 19.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,974 shares of company stock valued at $6,924,594. Insiders own 1.10% of the company's stock.

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.