SG Americas Securities LLC Trims Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

SG Americas Securities LLC lessened its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 72.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,419 shares of the technology company’s stock after selling 9,005 shares during the period. SG Americas Securities LLC’s holdings in Watts Water Technologies were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Capital Fund Management S.A. grew its position in Watts Water Technologies by 1.2% during the second quarter. Capital Fund Management S.A. now owns 10,190 shares of the technology company’s stock valued at $1,487,000 after buying an additional 120 shares during the period. Profund Advisors LLC grew its position in shares of Watts Water Technologies by 4.3% in the second quarter. Profund Advisors LLC now owns 3,265 shares of the technology company’s stock valued at $477,000 after purchasing an additional 135 shares during the period. Advisor Group Holdings Inc. grew its position in shares of Watts Water Technologies by 12.7% in the second quarter. Advisor Group Holdings Inc. now owns 1,752 shares of the technology company’s stock valued at $255,000 after purchasing an additional 197 shares during the period. Banque Cantonale Vaudoise grew its position in shares of Watts Water Technologies by 42.7% in the second quarter. Banque Cantonale Vaudoise now owns 708 shares of the technology company’s stock valued at $103,000 after purchasing an additional 212 shares during the period. Finally, HM Payson & Co. grew its position in shares of Watts Water Technologies by 18.6% in the second quarter. HM Payson & Co. now owns 1,666 shares of the technology company’s stock valued at $243,000 after purchasing an additional 261 shares during the period. 74.66% of the stock is owned by hedge funds and other institutional investors.

In other Watts Water Technologies news, General Counsel Kenneth Robert Lepage sold 2,517 shares of Watts Water Technologies stock in a transaction dated Monday, December 6th. The shares were sold at an average price of $197.14, for a total transaction of $496,201.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Timothy P. Horne sold 7,500 shares of Watts Water Technologies stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $209.09, for a total transaction of $1,568,175.00. The disclosure for this sale can be found here. Insiders have sold 11,217 shares of company stock worth $2,312,836 over the last ninety days. 1.00% of the stock is owned by insiders.

WTS has been the topic of several research analyst reports. Stifel Nicolaus lifted their target price on shares of Watts Water Technologies from $159.00 to $189.00 and gave the company a “hold” rating in a research report on Friday, November 5th. They noted that the move was a valuation call. The Goldman Sachs Group lifted their target price on shares of Watts Water Technologies from $153.00 to $191.00 and gave the company a “neutral” rating in a research report on Friday, November 5th.

WTS opened at $187.62 on Friday. The firm has a market capitalization of $6.31 billion, a PE ratio of 41.05, a PEG ratio of 3.94 and a beta of 0.87. Watts Water Technologies, Inc. has a twelve month low of $113.44 and a twelve month high of $212.00. The firm’s 50-day moving average price is $194.47 and its 200 day moving average price is $175.39. The company has a current ratio of 2.07, a quick ratio of 1.22 and a debt-to-equity ratio of 0.13.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Wednesday, November 3rd. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. The firm had revenue of $455.00 million for the quarter, compared to analyst estimates of $433.53 million. Watts Water Technologies had a net margin of 8.90% and a return on equity of 16.11%. During the same period in the previous year, the business posted $1.05 earnings per share. As a group, analysts predict that Watts Water Technologies, Inc. will post 5.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, November 30th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 22.76%.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks.

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

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