SG Americas Securities LLC increased its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 108.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,324 shares of the technology company’s stock after purchasing an additional 4,861 shares during the quarter. SG Americas Securities LLC’s holdings in Watts Water Technologies were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in Watts Water Technologies by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock valued at $129,000 after acquiring an additional 17 shares in the last quarter. Suntrust Banks Inc. grew its stake in Watts Water Technologies by 1.0% during the 2nd quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock valued at $207,000 after acquiring an additional 31 shares in the last quarter. South State Corp grew its stake in Watts Water Technologies by 1.5% during the 2nd quarter. South State Corp now owns 3,347 shares of the technology company’s stock valued at $212,000 after acquiring an additional 50 shares in the last quarter. Manchester Capital Management LLC grew its stake in Watts Water Technologies by 0.5% during the 2nd quarter. Manchester Capital Management LLC now owns 11,040 shares of the technology company’s stock valued at $698,000 after acquiring an additional 50 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Watts Water Technologies by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 14,546 shares of the technology company’s stock valued at $919,000 after acquiring an additional 100 shares in the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Elie Melhem sold 2,545 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $70.48, for a total value of $179,371.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Shares of Watts Water Technologies, Inc. (WTS) traded up $1.15 during trading on Friday, hitting $74.35. The stock had a trading volume of 265,300 shares, compared to its average volume of 127,958. The firm has a market cap of $2,540.00, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. The company has a current ratio of 2.57, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. Watts Water Technologies, Inc. has a fifty-two week low of $59.15 and a fifty-two week high of $75.28.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.03. The business had revenue of $347.70 million during the quarter, compared to analyst estimates of $361.22 million. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. equities research analysts predict that Watts Water Technologies, Inc. will post 3.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.19 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.76 annualized dividend and a yield of 1.02%. Watts Water Technologies’s dividend payout ratio (DPR) is currently 28.25%.

Several equities analysts have weighed in on WTS shares. BidaskClub cut Watts Water Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating and set a $79.00 price target on shares of Watts Water Technologies in a report on Friday, November 3rd. Boenning Scattergood reiterated a “buy” rating on shares of Watts Water Technologies in a report on Thursday, November 2nd. Zacks Investment Research lowered Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Robert W. Baird reiterated a “hold” rating and set a $71.00 price target on shares of Watts Water Technologies in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $72.83.

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Watts Water Technologies 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.

Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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