Los Angeles Capital Management LLC Buys Shares of 5,873 Watts Water Technologies, Inc. $WTS

Los Angeles Capital Management LLC purchased a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,873 shares of the technology company’s stock, valued at approximately $1,444,000.

Several other large investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. lifted its holdings in Watts Water Technologies by 156.9% during the second quarter. Cullen Frost Bankers Inc. now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 80 shares during the last quarter. Costello Asset Management INC purchased a new position in shares of Watts Water Technologies in the first quarter worth about $33,000. Summit Securities Group LLC bought a new stake in shares of Watts Water Technologies in the first quarter valued at approximately $64,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Watts Water Technologies during the 1st quarter valued at approximately $77,000. Finally, Covestor Ltd lifted its stake in shares of Watts Water Technologies by 39.1% during the 1st quarter. Covestor Ltd now owns 423 shares of the technology company’s stock valued at $87,000 after buying an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

NYSE:WTS opened at $276.42 on Thursday. Watts Water Technologies, Inc. has a 52-week low of $177.59 and a 52-week high of $287.89. The stock has a fifty day moving average of $277.61 and a 200 day moving average of $259.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.63 and a current ratio of 2.59. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 3.27 and a beta of 1.17.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Wednesday, November 5th. The technology company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.21. The business had revenue of $611.70 million for the quarter, compared to analyst estimates of $576.20 million. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.03 EPS. Watts Water Technologies has set its FY 2025 guidance at EPS. On average, research analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, December 1st. Watts Water Technologies’s dividend payout ratio (DPR) is currently 21.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted 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. Wall Street Zen upgraded Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Watts Water Technologies in a research note on Friday, August 8th. Zacks Research downgraded Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Watts Water Technologies in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $264.25.

Watts Water Technologies 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.