Watts Water Technologies, Inc. (NYSE:WTS) insider Elie Melhem sold 3,306 shares of Watts Water Technologies stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $62.11, for a total transaction of $205,335.66. Following the completion of the sale, the insider now directly owns 32,128 shares of the company’s stock, valued at approximately $1,995,470.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Elie Melhem also recently made the following trade(s):

  • On Friday, June 9th, Elie Melhem sold 1,281 shares of Watts Water Technologies stock. The stock was sold at an average price of $64.42, for a total transaction of $82,522.02.

Shares of Watts Water Technologies, Inc. (NYSE WTS) traded up 0.16% during midday trading on Monday, hitting $62.15. 48,753 shares of the stock were exchanged. The firm’s 50-day moving average is $63.97 and its 200-day moving average is $62.90. Watts Water Technologies, Inc. has a 12 month low of $58.35 and a 12 month high of $71.05. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 24.28 and a beta of 1.07.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. Watts Water Technologies had a net margin of 6.27% and a return on equity of 12.84%. The firm had revenue of $378.50 million during the quarter, compared to the consensus estimate of $379.51 million. During the same quarter in the prior year, the firm earned $0.75 EPS. Watts Water Technologies’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict that Watts Water Technologies, Inc. will post $2.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.19 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.76 annualized dividend and a yield of 1.22%. Watts Water Technologies’s dividend payout ratio (DPR) is 29.69%.

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A number of equities research analysts have commented on the stock. BidaskClub raised shares of Watts Water Technologies from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Watts Water Technologies in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Watts Water Technologies currently has an average rating of “Hold” and an average price target of $64.50.

Hedge funds have recently added to or reduced their stakes in the stock. Clean Yield Group purchased a new position in shares of Watts Water Technologies during the first quarter worth approximately $108,000. Riverhead Capital Management LLC increased its position in shares of Watts Water Technologies by 44.3% in the second quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock worth $109,000 after buying an additional 532 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Watts Water Technologies by 157.1% in the second quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock worth $114,000 after buying an additional 1,100 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Watts Water Technologies by 12.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,960 shares of the technology company’s stock worth $122,000 after buying an additional 224 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Watts Water Technologies by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

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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