Groupama Asset Managment Purchases 22,195 Shares of Watts Water Technologies, Inc. $WTS

Groupama Asset Managment lifted its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 28.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,696 shares of the technology company’s stock after acquiring an additional 22,195 shares during the quarter. Groupama Asset Managment’s holdings in Watts Water Technologies were worth $24,520,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of WTS. MTM Investment Management LLC acquired a new stake in Watts Water Technologies during the 2nd quarter valued at $25,000. Cullen Frost Bankers Inc. lifted its position in Watts Water Technologies by 156.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 80 shares in the last quarter. Costello Asset Management INC acquired a new position in Watts Water Technologies during the 1st quarter worth about $33,000. Summit Securities Group LLC bought a new stake in Watts Water Technologies during the 1st quarter worth about $64,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Watts Water Technologies in the 1st quarter valued at about $77,000. 95.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WTS has been the topic of a number of research reports. Zacks Research lowered shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Barclays upped their price objective on Watts Water Technologies from $287.00 to $300.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Watts Water Technologies in a report on Friday, August 8th. Wall Street Zen upgraded shares of Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Watts Water Technologies in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $264.25.

Watts Water Technologies Trading Down 0.0%

Shares of NYSE WTS opened at $277.71 on Friday. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 3.27 and a beta of 1.17. Watts Water Technologies, Inc. has a twelve month low of $177.59 and a twelve month high of $287.89. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average is $275.40 and its 200-day moving average is $263.61.

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

Watts Water Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, December 1st. Watts Water Technologies’s dividend payout ratio is 21.47%.

Insider Activity

In related news, major shareholder Timothy P. Horne sold 6,814 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $272.32, for a total transaction of $1,855,588.48. Following the sale, the insider directly owned 15,000 shares in the company, valued at $4,084,800. This trade represents a 31.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 15,000 shares of company stock worth $4,128,936 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

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.