Richard J. Cathcart Sells 1,000 Shares of Watts Water Technologies Inc. (WTS) Stock
Watts Water Technologies Inc. (NYSE:WTS) Director Richard J. Cathcart sold 1,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $68.47, for a total value of $68,470.00. Following the completion of the transaction, the director now owns 18,032 shares of the company’s stock, valued at approximately $1,234,651.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Watts Water Technologies Inc. (NYSE:WTS) opened at 68.95 on Thursday. Watts Water Technologies Inc. has a 1-year low of $44.51 and a 1-year high of $69.50. The firm’s market cap is $2.36 billion. The company has a 50-day moving average price of $63.21 and a 200-day moving average price of $61.14.
Watts Water Technologies (NYSE:WTS) last announced its earnings results on Wednesday, November 2nd. The company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Watts Water Technologies had a negative net margin of 3.64% and a positive return on equity of 12.41%. The business had revenue of $341 million for the quarter, compared to the consensus estimate of $352.64 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities research analysts forecast that Watts Water Technologies Inc. will post $2.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Wednesday, November 30th. Watts Water Technologies’s dividend payout ratio is presently -48.65%.
Several research firms recently issued reports on WTS. Janney Montgomery Scott assumed coverage on Watts Water Technologies in a research report on Friday, September 16th. They set a “neutral” rating and a $63.00 price target on the stock. Zacks Investment Research cut Watts Water Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.40.
Several hedge funds have recently modified their holdings of WTS. Teachers Advisors Inc. increased its position in shares of Watts Water Technologies by 3.0% in the first quarter. Teachers Advisors Inc. now owns 41,758 shares of the company’s stock worth $2,302,000 after buying an additional 1,206 shares during the period. State Street Corp increased its position in shares of Watts Water Technologies by 1.8% in the first quarter. State Street Corp now owns 535,444 shares of the company’s stock worth $29,526,000 after buying an additional 9,327 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Watts Water Technologies by 45.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 461,456 shares of the company’s stock valued at $25,440,000 after buying an additional 144,747 shares during the last quarter. Chilton Capital Management LLC bought a new stake in shares of Watts Water Technologies during the first quarter valued at approximately $235,000. Finally, Barclays PLC increased its stake in shares of Watts Water Technologies by 141.3% in the first quarter. Barclays PLC now owns 6,575 shares of the company’s stock valued at $361,000 after buying an additional 3,850 shares during the last quarter. 83.17% of the stock is currently owned by hedge funds and other institutional investors.
Watts Water Technologies Company Profile
Watts Water Technologies, Inc (Watts) is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.
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