3,280 Shares in Watts Water Technologies, Inc. (NYSE:WTS) Bought by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. purchased a new stake in Watts Water Technologies, Inc. (NYSE:WTS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,280 shares of the technology company’s stock, valued at approximately $695,000.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Watts Water Technologies in the third quarter valued at approximately $30,000. HWG Holdings LP acquired a new stake in Watts Water Technologies in the second quarter valued at $28,000. Gradient Investments LLC bought a new position in shares of Watts Water Technologies in the 2nd quarter valued at about $31,000. Blue Trust Inc. increased its stake in shares of Watts Water Technologies by 520.5% during the 2nd quarter. Blue Trust Inc. now owns 273 shares of the technology company’s stock worth $50,000 after purchasing an additional 229 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Watts Water Technologies in the 3rd quarter valued at about $68,000. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WTS has been the topic of several research analyst reports. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research note on Monday, November 4th. StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th.

Insider Buying and Selling

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

Watts Water Technologies Price Performance

Shares of WTS stock opened at $215.17 on Monday. The company has a market cap of $7.17 billion, a P/E ratio of 25.80, a P/E/G ratio of 3.07 and a beta of 0.92. 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, Inc. has a twelve month low of $175.37 and a twelve month high of $221.19. The business has a fifty day simple moving average of $207.02 and a 200 day simple moving average of $197.68.

Watts Water Technologies (NYSE:WTS) last announced its 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. The business had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.83 million. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. Watts Water Technologies’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $2.04 EPS. On average, sell-side analysts forecast that Watts Water Technologies, Inc. will post 8.75 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, November 29th. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. Watts Water Technologies’s payout ratio is 20.62%.

Watts Water Technologies 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.