Watts Water Technologies, Inc. (NYSE:WTS) Shares Bought by PDT Partners LLC

PDT Partners LLC grew its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 46.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,168 shares of the technology company’s stock after acquiring an additional 6,399 shares during the quarter. PDT Partners LLC’s holdings in Watts Water Technologies were worth $4,179,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Champlain Investment Partners LLC purchased a new stake in shares of Watts Water Technologies in the third quarter valued at about $47,238,000. Boston Trust Walden Corp boosted its holdings in Watts Water Technologies by 60.3% in the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock valued at $107,778,000 after purchasing an additional 195,778 shares during the last quarter. Millennium Management LLC grew its stake in shares of Watts Water Technologies by 1,070.6% in the 2nd quarter. Millennium Management LLC now owns 209,000 shares of the technology company’s stock valued at $38,324,000 after buying an additional 191,146 shares during the period. Renaissance Technologies LLC grew its stake in shares of Watts Water Technologies by 171.7% in the 2nd quarter. Renaissance Technologies LLC now owns 139,100 shares of the technology company’s stock valued at $25,507,000 after buying an additional 87,900 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Watts Water Technologies during the 2nd quarter worth approximately $9,794,000. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on WTS shares. Stifel Nicolaus decreased their price objective on Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Robert W. Baird decreased their price target on 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. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective for the company in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Three investment 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.com, Watts Water Technologies currently has a consensus rating of “Hold” and a consensus price target of $200.25.

Insider Activity

In related news, insider Monica Barry sold 1,559 shares of Watts Water Technologies stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $212.52, for a total value of $331,318.68. Following the completion of the transaction, the insider now directly owns 4,430 shares in the company, valued at approximately $941,463.60. This trade represents a 26.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Kenneth Robert Lepage sold 3,429 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $194.65, for a total value of $667,454.85. Following the completion of the sale, the general counsel now directly owns 14,064 shares in the company, valued at $2,737,557.60. This represents a 19.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,974 shares of company stock valued at $6,924,594. 1.10% of the stock is currently owned by company insiders.

Watts Water Technologies Stock Up 0.5 %

Shares of NYSE WTS opened at $215.79 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $206.20 and its two-hundred day moving average is $197.95. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $221.19. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 3.07 and a beta of 0.90.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.04. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. 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 business earned $2.04 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts predict that Watts Water Technologies, Inc. will post 8.75 EPS for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.43 per share. 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 presently 20.62%.

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.