Tower Research Capital LLC TRC cut its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS – Get Rating) by 78.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,620 shares of the technology company's stock after selling 9,707 shares during the period. Tower Research Capital LLC TRC's holdings in Watts Water Technologies were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC acquired a new position in shares of Watts Water Technologies in the second quarter worth about $25,000. Covestor Ltd raised its position in shares of Watts Water Technologies by 80.4% in the first quarter. Covestor Ltd now owns 184 shares of the technology company's stock worth $26,000 after acquiring an additional 82 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of Watts Water Technologies during the second quarter worth about $32,000. Private Trust Co. NA purchased a new stake in shares of Watts Water Technologies during the second quarter worth about $34,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of Watts Water Technologies during the third quarter worth about $45,000. 74.85% of the stock is currently owned by institutional investors and hedge funds.
Get Watts Water Technologies alerts:Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Robert W. Baird boosted 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. StockNews.com cut shares of Watts Water Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 6th. Stifel Nicolaus boosted their target price on shares of Watts Water Technologies from $145.00 to $146.00 and gave the stock a "hold" rating in a research note on Friday, January 20th. The Goldman Sachs Group upped their price objective on shares of Watts Water Technologies from $151.00 to $169.00 and gave the company a "neutral" rating in a research note on Friday, February 10th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Watts Water Technologies from a "buy" rating to a "hold" rating and dropped their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, January 10th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $147.50.
Watts Water Technologies Stock Up 0.0 %
WTS stock opened at $175.23 on Wednesday. The firm has a market cap of $5.83 billion, a PE ratio of 23.43, a PEG ratio of 3.17 and a beta of 1.03. Watts Water Technologies, Inc. has a one year low of $116.31 and a one year high of $181.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.52 and a current ratio of 2.51. The firm's 50 day moving average price is $160.80 and its 200-day moving average price is $148.39.
Watts Water Technologies (NYSE:WTS – Get Rating) last posted its earnings results on Wednesday, February 8th. The technology company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Watts Water Technologies had a return on equity of 19.75% and a net margin of 12.70%. The company had revenue of $501.90 million for the quarter, compared to the consensus estimate of $489.21 million. During the same quarter in the previous year, the business earned $1.42 earnings per share. The company's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Watts Water Technologies, Inc. will post 6.83 EPS for the current year.
Watts Water Technologies Dividend Announcement
The firm 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. The ex-dividend date is Tuesday, February 28th. This represents a $1.20 dividend on an annualized basis and a yield of 0.68%. Watts Water Technologies's dividend payout ratio is currently 16.04%.
Watts Water Technologies Profile
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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.
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