SGL Investment Advisors Inc. Buys Shares of 3,280 Watts Water Technologies, Inc. (NYSE:WTS)

SGL Investment Advisors Inc. bought a new position in Watts Water Technologies, Inc. (NYSE:WTS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,280 shares of the technology company’s stock, valued at approximately $695,000.

Several other large investors have also recently bought and sold shares of the company. Groupama Asset Managment grew its position in Watts Water Technologies by 4.6% during the third quarter. Groupama Asset Managment now owns 47,339 shares of the technology company’s stock worth $9,808,000 after buying an additional 2,101 shares in the last quarter. XTX Topco Ltd purchased a new stake in Watts Water Technologies during the third quarter valued at about $534,000. Zacks Investment Management boosted its holdings in Watts Water Technologies by 4.9% during the 3rd quarter. Zacks Investment Management now owns 14,255 shares of the technology company’s stock valued at $2,953,000 after acquiring an additional 670 shares during the period. State Street Corp grew its holdings in shares of Watts Water Technologies by 0.9% in the third quarter. State Street Corp now owns 977,000 shares of the technology company’s stock worth $202,425,000 after purchasing an additional 8,314 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Watts Water Technologies in the 3rd quarter worth $231,000. 95.02% of the stock is owned by institutional investors.

Insider Activity

In other Watts Water Technologies news, CFO Shashank Patel sold 4,569 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.10, for a total transaction of $955,377.90. Following the completion of the sale, the chief financial officer now directly owns 15,635 shares of the company’s stock, valued at approximately $3,269,278.50. This represents a 22.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Kenneth Robert Lepage sold 3,429 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $194.65, for a total transaction of $667,454.85. Following the completion of the sale, the general counsel now owns 14,064 shares of the company’s stock, valued at approximately $2,737,557.60. This trade represents a 19.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,974 shares of company stock valued at $6,924,594. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a research note on Monday, November 4th. StockNews.com raised Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th.

Watts Water Technologies Stock Down 0.1 %

Shares of WTS stock opened at $215.17 on Monday. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $221.19. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $207.02 and its two-hundred day simple moving average is $197.68. The stock has a market cap of $7.17 billion, a P/E ratio of 25.80, a PEG ratio of 3.07 and a beta of 0.92.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The company had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. Watts Water Technologies’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Analysts predict that Watts Water Technologies, Inc. will post 8.75 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. Watts Water Technologies’s payout ratio is 20.62%.

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.