Watts Water Technologies Inc (WTS) Shares Sold by TimesSquare Capital Management LLC
TimesSquare Capital Management LLC lowered its stake in Watts Water Technologies Inc (NYSE:WTS) by 4.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 387,460 shares of the technology company’s stock after selling 18,400 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Watts Water Technologies were worth $29,428,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in WTS. Public Employees Retirement System of Ohio lifted its holdings in Watts Water Technologies by 0.8% in 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 purchasing an additional 17 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Watts Water Technologies in the 3rd quarter valued at $375,000. Keybank National Association OH lifted its holdings in Watts Water Technologies by 20.8% in the 3rd quarter. Keybank National Association OH now owns 17,400 shares of the technology company’s stock valued at $1,204,000 after purchasing an additional 3,000 shares in the last quarter. Jennison Associates LLC purchased a new position in Watts Water Technologies in the 3rd quarter valued at $620,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Watts Water Technologies by 39.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,734 shares of the technology company’s stock valued at $1,089,000 after purchasing an additional 4,451 shares in the last quarter. 76.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on WTS. Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a report on Monday, November 20th. TheStreet lowered Watts Water Technologies from a “b+” rating to a “c+” rating in a report on Monday, February 12th. Stifel Nicolaus restated a “buy” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Watts Water Technologies in a report on Wednesday, February 14th. Zacks Investment Research upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Saturday, February 10th. Finally, Northcoast Research set a $90.00 price objective on Watts Water Technologies and gave the company a “buy” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $80.40.
Watts Water Technologies Inc (NYSE:WTS) opened at $79.90 on Friday. Watts Water Technologies Inc has a fifty-two week low of $59.15 and a fifty-two week high of $82.35. The company has a current ratio of 2.39, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2,722.11, a price-to-earnings ratio of 26.46, a PEG ratio of 1.84 and a beta of 1.14.
Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Monday, February 12th. The technology company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Watts Water Technologies had a return on equity of 12.93% and a net margin of 5.02%. The business had revenue of $366.30 million for the quarter, compared to analyst estimates of $365.35 million. During the same quarter in the previous year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. research analysts expect that Watts Water Technologies Inc will post 3.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.76 annualized dividend and a dividend yield of 0.95%. Watts Water Technologies’s dividend payout ratio is presently 35.85%.
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About Watts Water Technologies
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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