Watts Water Technologies Inc (WTS) Insider Sells $942,374.40 in Stock

Watts Water Technologies Inc (NYSE:WTS) insider Robert J. Pagano, Jr. sold 11,040 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $85.36, for a total transaction of $942,374.40. Following the completion of the transaction, the insider now owns 116,545 shares of the company’s stock, valued at $9,948,281.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Watts Water Technologies stock traded down $0.40 during mid-day trading on Friday, hitting $82.45. 86,300 shares of the company traded hands, compared to its average volume of 117,096. Watts Water Technologies Inc has a one year low of $60.15 and a one year high of $93.35. The firm has a market cap of $2.84 billion, a PE ratio of 27.37, a PEG ratio of 1.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.29 and a quick ratio of 1.38.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Wednesday, August 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. Watts Water Technologies had a net margin of 5.83% and a return on equity of 13.88%. The business had revenue of $407.90 million during the quarter, compared to analyst estimates of $403.60 million. During the same period in the previous year, the business posted $0.83 earnings per share. Watts Water Technologies’s revenue for the quarter was up 7.8% on a year-over-year basis. research analysts anticipate that Watts Water Technologies Inc will post 3.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.84 annualized dividend and a yield of 1.02%. Watts Water Technologies’s payout ratio is presently 27.81%.

A number of equities analysts have recently commented on WTS shares. Northcoast Research restated a “buy” rating and issued a $105.00 price objective on shares of Watts Water Technologies in a research report on Friday, August 3rd. Stifel Nicolaus raised their price objective on shares of Watts Water Technologies from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Saturday, July 7th. ValuEngine upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Finally, Seaport Global Securities restated a “hold” rating and issued a $83.00 price objective on shares of Watts Water Technologies in a research report on Thursday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $85.33.

A number of institutional investors have recently made changes to their positions in the business. Schroder Investment Management Group raised its stake in shares of Watts Water Technologies by 6.0% during the second quarter. Schroder Investment Management Group now owns 85,185 shares of the technology company’s stock worth $6,653,000 after acquiring an additional 4,798 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Watts Water Technologies by 12.1% during the second quarter. California Public Employees Retirement System now owns 78,214 shares of the technology company’s stock worth $6,132,000 after acquiring an additional 8,415 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in shares of Watts Water Technologies by 7.7% during the second quarter. MetLife Investment Advisors LLC now owns 12,721 shares of the technology company’s stock worth $997,000 after acquiring an additional 914 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Watts Water Technologies by 6.3% during the second quarter. Voya Investment Management LLC now owns 795,050 shares of the technology company’s stock worth $62,332,000 after acquiring an additional 46,961 shares in the last quarter. Finally, Fort L.P. purchased a new position in shares of Watts Water Technologies during the second quarter worth approximately $108,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

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Insider Buying and Selling by Quarter for Watts Water Technologies (NYSE:WTS)

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