Watts Water Technologies, Inc. (WTS) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL reduced its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 18.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,615 shares of the technology company’s stock after selling 1,493 shares during the period. Tudor Investment Corp ET AL’s holdings in Watts Water Technologies were worth $418,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WTS. BlackRock Inc. grew its holdings in Watts Water Technologies by 14,402.8% during the first quarter. BlackRock Inc. now owns 3,566,232 shares of the technology company’s stock worth $222,353,000 after acquiring an additional 3,541,642 shares during the period. Vanguard Group Inc. grew its holdings in Watts Water Technologies by 8.6% during the first quarter. Vanguard Group Inc. now owns 2,590,860 shares of the technology company’s stock worth $161,541,000 after acquiring an additional 205,883 shares during the period. Renaissance Technologies LLC grew its holdings in Watts Water Technologies by 139.1% during the second quarter. Renaissance Technologies LLC now owns 206,800 shares of the technology company’s stock worth $13,070,000 after acquiring an additional 120,300 shares during the period. Palisade Capital Management LLC NJ grew its holdings in Watts Water Technologies by 71.6% during the second quarter. Palisade Capital Management LLC NJ now owns 182,026 shares of the technology company’s stock worth $11,504,000 after acquiring an additional 75,934 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Watts Water Technologies by 9.8% during the second quarter. Voya Investment Management LLC now owns 759,287 shares of the technology company’s stock worth $47,987,000 after acquiring an additional 67,767 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Watts Water Technologies, Inc. (NYSE:WTS) opened at 67.80 on Thursday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 26.48 and a beta of 1.08. The company has a 50 day moving average price of $65.66 and a 200-day moving average price of $63.61. Watts Water Technologies, Inc. has a 52-week low of $58.35 and a 52-week high of $71.05.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $378.50 million during the quarter, compared to the consensus estimate of $379.51 million. Watts Water Technologies had a return on equity of 12.84% and a net margin of 6.27%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. Equities research analysts anticipate that Watts Water Technologies, Inc. will post $2.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.76 dividend on an annualized basis and a yield of 1.12%. Watts Water Technologies’s dividend payout ratio is presently 29.69%.

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In related news, insider Elie Melhem sold 3,306 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $62.11, for a total value of $205,335.66. Following the completion of the sale, the insider now owns 32,128 shares in the company, valued at $1,995,470.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

A number of research firms recently issued reports on WTS. BidaskClub raised Watts Water Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Robert W. Baird reaffirmed a “hold” rating and set a $71.00 target price on shares of Watts Water Technologies in a report on Wednesday, October 4th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Watts Water Technologies in a report on Tuesday, September 5th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Watts Water Technologies in a report on Wednesday, June 14th. Finally, Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.83.

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.

Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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