Watts Water Technologies, Inc. (NYSE:WTS - Get Free Report) CFO Shashank Patel sold 4,569 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.10, for a total value of $955,377.90. Following the completion of the sale, the chief financial officer now directly owns 15,635 shares of the company's stock, valued at approximately $3,269,278.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Watts Water Technologies Stock Performance
WTS stock opened at $208.59 on Friday. The firm has a 50 day moving average of $201.10 and a two-hundred day moving average of $197.32. Watts Water Technologies, Inc. has a 12 month low of $175.37 and a 12 month high of $219.52. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 3.04 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 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. 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 during the quarter, compared to analysts' expectations of $541.83 million. During the same period in the prior year, the company posted $2.04 earnings per share. Watts Water Technologies's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Watts Water Technologies, Inc. will post 8.72 EPS for the current fiscal year.
Watts Water Technologies Dividend Announcement
Bill Gates’s Next Big AI Bet: Stargate
From Brownstone Research | Ad
In February 2016… when almost nobody was talking about artificial intelligence….
I picked Nvidia as one of my favorite stocks.
Shares have jumped by more than 20,000% since then.
I believe we are about to do it again with this new AI project called Stargate
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Friday, November 29th. Watts Water Technologies's payout ratio is 20.62%.
Analyst Ratings Changes
A number of brokerages have commented on WTS. Robert W. Baird decreased their price objective on Watts Water Technologies from $225.00 to $199.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. StockNews.com raised shares of Watts Water Technologies from a "hold" rating to a "buy" rating in a research report 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 for the company in a research report on Monday, November 4th. Finally, Stifel Nicolaus lowered their price target on shares of Watts Water Technologies from $217.00 to $202.00 and set a "hold" rating on the stock in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Watts Water Technologies has a consensus rating of "Hold" and a consensus target price of $200.25.
Read Our Latest Analysis on Watts Water Technologies
Institutional Investors Weigh In On Watts Water Technologies
Large investors have recently added to or reduced their stakes in the stock. Boston Trust Walden Corp lifted its position in shares of Watts Water Technologies by 60.3% during the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company's stock worth $107,778,000 after purchasing an additional 195,778 shares during the last quarter. Millennium Management LLC increased its position in 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 worth $38,324,000 after buying an additional 191,146 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Watts Water Technologies by 171.7% during the second quarter. Renaissance Technologies LLC now owns 139,100 shares of the technology company's stock worth $25,507,000 after buying an additional 87,900 shares during the last quarter. Natixis boosted its position in shares of Watts Water Technologies by 20,322.5% in the first quarter. Natixis now owns 61,676 shares of the technology company's stock valued at $13,109,000 after acquiring an additional 61,374 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Watts Water Technologies in the second quarter worth $9,794,000. Institutional investors own 95.02% of the company's stock.
About Watts Water Technologies
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
