Dynamic Technology Lab Private Ltd Invests $251,000 in Watts Water Technologies, Inc. (WTS) Stock

Dynamic Technology Lab Private Ltd bought a new position in shares of Watts Water Technologies, Inc. (NYSE:WTS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,635 shares of the technology company’s stock, valued at approximately $251,000.

A number of other institutional investors have also modified their holdings of WTS. Riverhead Capital Management LLC grew its holdings in Watts Water Technologies by 44.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock worth $109,000 after acquiring an additional 532 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in Watts Water Technologies by 157.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock worth $114,000 after acquiring an additional 1,100 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Watts Water Technologies by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after acquiring an additional 17 shares in the last quarter. Bruderman Asset Management LLC bought a new position in Watts Water Technologies during the 2nd quarter worth about $130,000. Finally, Quantbot Technologies LP grew its holdings in Watts Water Technologies by 823.9% during the 2nd quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock worth $144,000 after acquiring an additional 2,035 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

WTS has been the topic of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and set a $79.00 target price on shares of Watts Water Technologies in a report on Friday, November 3rd. Northcoast Research upgraded shares of 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. Zacks Investment Research upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Tuesday, October 3rd. Boenning Scattergood reiterated a “buy” rating on shares of Watts Water Technologies in a report on Thursday, November 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $71.00 target price on shares of Watts Water Technologies in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Watts Water Technologies currently has a consensus rating of “Hold” and an average price target of $72.83.

Watts Water Technologies, Inc. (NYSE WTS) traded down $1.05 during trading hours on Wednesday, hitting $73.15. 89,600 shares of the stock were exchanged, compared to its average volume of 127,459. Watts Water Technologies, Inc. has a twelve month low of $59.15 and a twelve month high of $75.28. The company has a market cap of $2,533.78, a PE ratio of 25.41, a P/E/G ratio of 2.06 and a beta of 1.15. The company has a quick ratio of 1.70, a current ratio of 2.57 and a debt-to-equity ratio of 0.60.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The business had revenue of $347.70 million for the quarter, compared to analysts’ expectations of $361.22 million. During the same period last year, the business earned $0.71 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. equities analysts expect that Watts Water Technologies, Inc. will post 3.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, November 30th. Watts Water Technologies’s payout ratio is currently 28.15%.

In related news, insider Elie Melhem sold 2,545 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total value of $179,371.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

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About Watts Water Technologies

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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