Strs Ohio Has $1.72 Million Holdings in Watts Water Technologies, Inc. $WTS

Strs Ohio increased its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 150.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the technology company’s stock after acquiring an additional 4,200 shares during the quarter. Strs Ohio’s holdings in Watts Water Technologies were worth $1,721,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WTS. GAMMA Investing LLC raised its holdings in shares of Watts Water Technologies by 80.5% during the first quarter. GAMMA Investing LLC now owns 278 shares of the technology company’s stock valued at $57,000 after acquiring an additional 124 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Watts Water Technologies by 1.0% during the first quarter. Principal Financial Group Inc. now owns 78,159 shares of the technology company’s stock valued at $15,938,000 after acquiring an additional 795 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Watts Water Technologies by 3.0% during the first quarter. OneDigital Investment Advisors LLC now owns 5,248 shares of the technology company’s stock valued at $1,070,000 after acquiring an additional 154 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Watts Water Technologies by 8.2% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,380 shares of the technology company’s stock valued at $485,000 after acquiring an additional 180 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Watts Water Technologies by 12.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 3,729 shares of the technology company’s stock valued at $760,000 after acquiring an additional 401 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.

Watts Water Technologies Stock Performance

Shares of WTS opened at $274.78 on Wednesday. The company’s fifty day moving average is $278.16 and its 200-day moving average is $257.08. Watts Water Technologies, Inc. has a 12 month low of $177.59 and a 12 month high of $287.89. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 3.27 and a beta of 1.13. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.10.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.68 by $0.41. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The company had revenue of $643.70 million for the quarter, compared to analyst estimates of $612.15 million. During the same quarter in the prior year, the business posted $2.46 EPS. Watts Water Technologies’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, December 1st. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Watts Water Technologies’s dividend payout ratio is 22.37%.

Wall Street Analysts Forecast Growth

WTS has been the topic of several research reports. Zacks Research lowered shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Barclays initiated coverage on shares of Watts Water Technologies in a research note on Friday, September 19th. They issued an “equal weight” rating and a $287.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Watts Water Technologies in a research note on Friday, August 8th. Stifel Nicolaus upped their price objective on shares of Watts Water Technologies from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Wall Street Zen lowered shares of Watts Water Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Watts Water Technologies presently has an average rating of “Hold” and an average target price of $261.00.

Insider Activity at Watts Water Technologies

In other news, Director Joseph T. Noonan sold 713 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $274.45, for a total transaction of $195,682.85. Following the transaction, the director owned 1,194 shares in the company, valued at $327,693.30. This represents a 37.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.