Quadrant Capital Group LLC lifted its position in shares of Watts Water Technologies, Inc. (NYSE:WTS – Get Rating) by 256.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310 shares of the technology company's stock after purchasing an additional 223 shares during the quarter. Quadrant Capital Group LLC's holdings in Watts Water Technologies were worth $39,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new stake in Watts Water Technologies in the 2nd quarter valued at $25,000. Covestor Ltd grew its stake in Watts Water Technologies by 80.4% in the 1st quarter. Covestor Ltd now owns 184 shares of the technology company's stock valued at $26,000 after acquiring an additional 82 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Watts Water Technologies during the 2nd quarter worth $32,000. Private Trust Co. NA acquired a new stake in Watts Water Technologies during the 2nd quarter worth $34,000. Finally, Sentry Investment Management LLC acquired a new stake in Watts Water Technologies during the 3rd quarter worth $45,000. Institutional investors and hedge funds own 74.85% of the company's stock.
Get Watts Water Technologies alerts:Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Watts Water Technologies from a "buy" rating to a "hold" rating and lowered their target price for the stock from $155.00 to $150.00 in a research note on Tuesday, January 10th. They noted that the move was a valuation call. Robert W. Baird lifted their target price on shares of Watts Water Technologies from $144.00 to $180.00 and gave the stock a "neutral" rating in a research note on Friday, February 10th. The Goldman Sachs Group lifted their price target on Watts Water Technologies from $151.00 to $169.00 and gave the stock a "neutral" rating in a report on Friday, February 10th. StockNews.com lowered Watts Water Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, January 6th. Finally, Stifel Nicolaus lifted their price target on Watts Water Technologies from $145.00 to $146.00 and gave the stock a "hold" rating in a report on Friday, January 20th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $147.50.
Watts Water Technologies Stock Down 0.7 %
Shares of WTS opened at $173.00 on Friday. The firm has a market cap of $5.76 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 3.21 and a beta of 1.03. Watts Water Technologies, Inc. has a 12-month low of $116.31 and a 12-month high of $181.40. The company's 50-day moving average price is $159.54 and its 200 day moving average price is $148.03. The company has a current ratio of 2.51, a quick ratio of 1.52 and a debt-to-equity ratio of 0.11.
Watts Water Technologies (NYSE:WTS – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. The firm had revenue of $501.90 million for the quarter, compared to analyst estimates of $489.21 million. Watts Water Technologies had a net margin of 12.70% and a return on equity of 19.75%. Watts Water Technologies's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.42 EPS. On average, sell-side analysts forecast that Watts Water Technologies, Inc. will post 6.83 earnings per share for the current year.
Watts Water Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, February 28th. Watts Water Technologies's dividend payout ratio is currently 16.04%.
Watts Water Technologies Company Profile
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Watts Water Technologies (WTS)
- Carvana Skidding On Revenue Decrease, Heavy Debt Burden
- What Are Consumer Staples Stocks?
- Is Rocky Brands Dividend A Good Fit For Your Portfolio?
- Beyond Meat Stock Is Not Beyond Hope
- Analysts Holding As Pfizer Waits On Two Phase 3 Studies
Receive News & Ratings for Watts Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.