Dean Capital Management Takes Position in Watts Water Technologies, Inc. (WTS)

Dean Capital Management acquired a new stake in Watts Water Technologies, Inc. (NYSE:WTS) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,735 shares of the technology company’s stock, valued at approximately $2,005,000. Dean Capital Management owned 0.09% of Watts Water Technologies as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in Watts Water Technologies by 14,402.8% in the 1st quarter. BlackRock Inc. now owns 3,566,232 shares of the technology company’s stock valued at $222,353,000 after acquiring an additional 3,541,642 shares during the period. Victory Capital Management Inc. raised its stake in Watts Water Technologies by 10.7% in the 2nd quarter. Victory Capital Management Inc. now owns 597,983 shares of the technology company’s stock valued at $37,793,000 after acquiring an additional 57,894 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Watts Water Technologies by 9.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 172,155 shares of the technology company’s stock valued at $10,734,000 after acquiring an additional 14,482 shares during the period. Morgan Stanley raised its stake in Watts Water Technologies by 0.9% in the 1st quarter. Morgan Stanley now owns 162,153 shares of the technology company’s stock valued at $10,110,000 after acquiring an additional 1,439 shares during the period. Finally, Thrivent Financial For Lutherans raised its stake in Watts Water Technologies by 3.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 15,700 shares of the technology company’s stock valued at $979,000 after acquiring an additional 580 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Tuesday, October 3rd. BidaskClub lowered Watts Water Technologies from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Stifel Nicolaus started coverage on Watts Water Technologies in a report on Monday, September 18th. They set a “buy” rating and a $72.00 target price for the company. 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. Finally, Cowen and Company reaffirmed a “hold” rating and set a $58.00 target price on shares of Watts Water Technologies in a report on Thursday, September 28th. One 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 company presently has a consensus rating of “Hold” and a consensus price target of $70.83.

In related news, insider Elie Melhem sold 3,306 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $62.11, for a total transaction of $205,335.66. Following the completion of the sale, the insider now directly owns 32,128 shares of the company’s stock, valued at approximately $1,995,470.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2957680/dean-capital-management-takes-position-in-watts-water-technologies-inc-wts.html.

Watts Water Technologies, Inc. (NYSE:WTS) traded down 0.07% on Friday, reaching $67.65. The company’s stock had a trading volume of 9,224 shares. The stock has a market cap of $2.31 billion, a P/E ratio of 26.43 and a beta of 1.08. Watts Water Technologies, Inc. has a one year low of $58.35 and a one year high of $71.05. The stock has a 50-day moving average of $65.81 and a 200-day moving average of $63.64.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.04. The firm had revenue of $378.50 million during the quarter, compared to analysts’ expectations of $379.51 million. Watts Water Technologies had a return on equity of 12.84% and a net margin of 6.27%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. On average, analysts predict that Watts Water Technologies, Inc. will post $2.99 EPS for the current fiscal year.

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

Watts Water Technologies 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.

Want to see what other hedge funds are holding WTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watts Water Technologies, Inc. (NYSE:WTS).

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

Receive News & Ratings for Watts Water Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.