Watts Water Technologies, Inc. (WTS) Shares Bought by Swiss National Bank
Swiss National Bank raised its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,600 shares of the technology company’s stock after buying an additional 700 shares during the period. Swiss National Bank owned about 0.13% of Watts Water Technologies worth $2,718,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Watts Water Technologies during the fourth quarter worth approximately $12,800,000. Palisade Capital Management LLC NJ acquired a new stake in Watts Water Technologies during the first quarter worth approximately $6,615,000. State Street Corp increased its stake in Watts Water Technologies by 7.0% in the fourth quarter. State Street Corp now owns 600,012 shares of the technology company’s stock worth $39,120,000 after buying an additional 39,018 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Watts Water Technologies during the fourth quarter worth approximately $2,409,000. Finally, John G Ullman & Associates Inc. increased its stake in Watts Water Technologies by 45.6% in the first quarter. John G Ullman & Associates Inc. now owns 113,491 shares of the technology company’s stock worth $7,076,000 after buying an additional 35,566 shares in the last quarter. Institutional investors own 78.04% of the company’s stock.
Shares of Watts Water Technologies, Inc. (WTS) opened at 62.85 on Friday. The firm has a 50-day moving average price of $63.10 and a 200-day moving average price of $63.88. Watts Water Technologies, Inc. has a 52-week low of $54.37 and a 52-week high of $71.05. The stock has a market cap of $2.15 billion, a P/E ratio of 24.17 and a beta of 1.05.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Thursday, May 4th. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. Watts Water Technologies had a return on equity of 12.75% and a net margin of 6.40%. The company had revenue of $347.20 million for the quarter, compared to analyst estimates of $343.79 million. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts anticipate that Watts Water Technologies, Inc. will post $2.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, May 31st. This is a positive change from Watts Water Technologies’s previous quarterly dividend of $0.18. Watts Water Technologies’s dividend payout ratio is currently 29.23%.
WTS has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Watts Water Technologies in a research report on Thursday, May 4th. Zacks Investment Research upgraded Watts Water Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. Goldman Sachs Group, Inc. (The) initiated coverage on Watts Water Technologies in a research report on Wednesday, March 8th. They issued a “neutral” rating and a $66.00 target price on the stock. Finally, BidaskClub upgraded Watts Water Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.50.
In other Watts Water Technologies news, insider Elie Melhem sold 1,281 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $64.42, for a total transaction of $82,522.02. Following the transaction, the insider now owns 29,493 shares of the company’s stock, valued at approximately $1,899,939.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
Watts Water Technologies Company Profile
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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