Amalgamated Bank Has $230,000 Position in Watts Water Technologies, Inc. (WTS)
Amalgamated Bank lowered its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,685 shares of the technology company’s stock after selling 8 shares during the period. Amalgamated Bank’s holdings in Watts Water Technologies were worth $230,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Watts Water Technologies by 14,402.8% in the first quarter. BlackRock Inc. now owns 3,566,232 shares of the technology company’s stock valued at $222,353,000 after buying an additional 3,541,642 shares in the last quarter. Impax Asset Management LTD raised its stake in Watts Water Technologies by 28.2% in the first quarter. Impax Asset Management LTD now owns 2,018,429 shares of the technology company’s stock valued at $125,846,000 after buying an additional 444,528 shares in the last quarter. Vanguard Group Inc. raised its stake in Watts Water Technologies by 8.6% in the first quarter. Vanguard Group Inc. now owns 2,590,860 shares of the technology company’s stock valued at $161,541,000 after buying an additional 205,883 shares in the last quarter. Norges Bank acquired a new stake in Watts Water Technologies during the fourth quarter valued at approximately $12,800,000. Finally, Victory Capital Management Inc. raised its stake in Watts Water Technologies by 24.6% in the first quarter. Victory Capital Management Inc. now owns 540,089 shares of the technology company’s stock valued at $33,674,000 after buying an additional 106,590 shares in the last quarter. Institutional investors own 77.68% of the company’s stock.
Shares of Watts Water Technologies, Inc. (WTS) traded down 0.48% on Friday, hitting $62.65. 81,877 shares of the stock were exchanged. The stock has a market cap of $2.14 billion, a PE ratio of 24.47 and a beta of 1.07. The company’s 50 day moving average is $64.06 and its 200-day moving average is $63.04. Watts Water Technologies, Inc. has a 52-week low of $58.35 and a 52-week high of $71.05.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.04. The business had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $379.51 million. Watts Water Technologies had a net margin of 6.27% and a return on equity of 12.84%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Analysts predict that Watts Water Technologies, Inc. will post $2.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.76 annualized dividend and a dividend yield of 1.21%. Watts Water Technologies’s dividend payout ratio is presently 29.69%.
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WTS has been the subject of several recent research reports. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Watts Water Technologies in a report on Thursday, May 4th. BidaskClub lowered shares of Watts Water Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Watts Water Technologies presently has an average rating of “Hold” and an average price target of $64.50.
In other news, insider Elie Melhem sold 1,281 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $64.42, for a total transaction of $82,522.02. Following the sale, the insider now owns 29,493 shares of the company’s stock, valued at $1,899,939.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Watts Water Technologies Company Profile
Watts Water Technologies, Inc 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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