Watts Water Technologies, Inc. (NYSE:WTS - Get Free Report) insider Elie Melhem sold 4,397 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the completion of the sale, the insider now owns 10,469 shares in the company, valued at $2,204,038.57. This represents a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Watts Water Technologies Stock Performance
Shares of WTS stock opened at $208.91 on Thursday. The stock has a market cap of $6.96 billion, a P/E ratio of 24.04, a P/E/G ratio of 3.42 and a beta of 0.93. The company has a fifty day moving average price of $209.55 and a two-hundred day moving average price of $206.55. Watts Water Technologies, Inc. has a one year low of $175.37 and a one year high of $232.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65.
Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. As a group, equities analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.
Watts Water Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, February 28th. Watts Water Technologies's payout ratio is 19.79%.
Institutional Investors Weigh In On Watts Water Technologies
Several hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Watts Water Technologies by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 316,407 shares of the technology company's stock worth $65,556,000 after purchasing an additional 9,148 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Watts Water Technologies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company's stock valued at $55,411,000 after acquiring an additional 12,159 shares in the last quarter. State Street Corp increased its position in Watts Water Technologies by 0.9% during the third quarter. State Street Corp now owns 977,000 shares of the technology company's stock worth $202,425,000 after acquiring an additional 8,314 shares during the period. Van ECK Associates Corp raised its stake in Watts Water Technologies by 35.2% in the 4th quarter. Van ECK Associates Corp now owns 23,507 shares of the technology company's stock worth $4,779,000 after purchasing an additional 6,125 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Watts Water Technologies by 264.1% in the 4th quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company's stock valued at $1,236,000 after purchasing an additional 4,410 shares during the period. 95.02% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
WTS has been the topic of a number of research reports. Stifel Nicolaus boosted their price target on Watts Water Technologies from $218.00 to $219.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. The Goldman Sachs Group boosted their target price on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They issued a "hold" rating and a $240.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $220.00.
Read Our Latest Analysis on Watts Water Technologies
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.
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