Watts Water Technologies Inc (WTS) Director Sells $201,628.00 in Stock

Watts Water Technologies Inc (NYSE:WTS) Director Joseph T. Noonan sold 2,653 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $76.00, for a total value of $201,628.00. Following the sale, the director now owns 2,109 shares of the company’s stock, valued at approximately $160,284. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Watts Water Technologies stock traded down $2.12 during trading on Friday, hitting $74.47. 1,341 shares of the company were exchanged, compared to its average volume of 122,375. Watts Water Technologies Inc has a 52 week low of $67.29 and a 52 week high of $93.35. The company has a market capitalization of $2.56 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Friday, November 2nd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.04. Watts Water Technologies had a return on equity of 14.43% and a net margin of 6.05%. The business had revenue of $390.90 million during the quarter, compared to the consensus estimate of $380.00 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. Watts Water Technologies’s revenue was up 12.4% compared to the same quarter last year. On average, analysts predict that Watts Water Technologies Inc will post 3.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.13%. Watts Water Technologies’s dividend payout ratio (DPR) is currently 27.81%.

Institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new stake in Watts Water Technologies during the second quarter worth $102,000. Fort L.P. bought a new stake in Watts Water Technologies during the second quarter worth $108,000. Compton Capital Management Inc. RI bought a new stake in Watts Water Technologies during the third quarter worth $203,000. Robeco Institutional Asset Management B.V. bought a new stake in Watts Water Technologies during the second quarter worth $212,000. Finally, Hartford Investment Management Co. bought a new stake in Watts Water Technologies during the second quarter worth $222,000. Institutional investors and hedge funds own 77.03% of the company’s stock.

Several research firms have recently commented on WTS. Zacks Investment Research downgraded Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Boenning Scattergood restated a “neutral” rating on shares of Watts Water Technologies in a report on Thursday, August 2nd. Oppenheimer restated a “hold” rating on shares of Watts Water Technologies in a report on Tuesday, October 2nd. Seaport Global Securities restated a “hold” rating and set a $83.00 price objective on shares of Watts Water Technologies in a report on Thursday, August 2nd. Finally, Stifel Nicolaus boosted their price objective on Watts Water Technologies from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $90.80.

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About Watts Water Technologies

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

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