IQ EQ FUND MANAGEMENT IRELAND Ltd Lowers Stake in Watts Water Technologies, Inc. (NYSE:WTS)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,454 shares of the technology company’s stock after selling 147 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Watts Water Technologies were worth $2,373,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in Watts Water Technologies by 15.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 279,397 shares of the technology company’s stock valued at $58,210,000 after purchasing an additional 37,452 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in Watts Water Technologies during the fourth quarter valued at approximately $616,000. Rise Advisors LLC purchased a new position in Watts Water Technologies in the first quarter worth $26,000. Perpetual Ltd increased its position in shares of Watts Water Technologies by 9.5% during the first quarter. Perpetual Ltd now owns 46,721 shares of the technology company’s stock worth $9,931,000 after purchasing an additional 4,068 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of Watts Water Technologies by 1,968.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 4,509 shares of the technology company’s stock valued at $958,000 after purchasing an additional 4,291 shares during the last quarter. 95.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Watts Water Technologies news, insider Elie Melhem sold 1,710 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total value of $316,623.60. Following the sale, the insider now directly owns 11,516 shares of the company’s stock, valued at approximately $2,132,302.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Watts Water Technologies news, insider Elie Melhem sold 1,710 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total value of $316,623.60. Following the completion of the transaction, the insider now directly owns 11,516 shares of the company’s stock, valued at approximately $2,132,302.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael J. Dubose sold 315 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total value of $58,567.95. Following the completion of the sale, the director now owns 2,755 shares in the company, valued at approximately $512,237.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Watts Water Technologies Stock Performance

Shares of WTS stock opened at $208.16 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 1.49. The business has a fifty day moving average of $196.53 and a 200 day moving average of $197.58. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. Watts Water Technologies, Inc. has a 1 year low of $167.87 and a 1 year high of $219.52.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.13. The firm had revenue of $597.30 million during the quarter, compared to analysts’ expectations of $589.55 million. Watts Water Technologies had a return on equity of 19.22% and a net margin of 12.44%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $2.34 earnings per share. As a group, research analysts expect that Watts Water Technologies, Inc. will post 8.71 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.83%. Watts Water Technologies’s payout ratio is currently 20.87%.

Analyst Ratings Changes

Several brokerages recently weighed in on WTS. Robert W. Baird dropped their target price 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. Stifel Nicolaus cut their price objective 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. Finally, StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th.

Watts Water Technologies Company 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.