SG Americas Securities LLC Buys 3,199 Shares of Watts Water Technologies Inc (NYSE:WTS)

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SG Americas Securities LLC boosted its holdings in Watts Water Technologies Inc (NYSE:WTS) by 39.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,213 shares of the technology company’s stock after purchasing an additional 3,199 shares during the quarter. SG Americas Securities LLC’s holdings in Watts Water Technologies were worth $908,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WTS. Maverick Capital Ltd. bought a new stake in shares of Watts Water Technologies during the 1st quarter valued at $1,208,000. State Street Corp boosted its stake in shares of Watts Water Technologies by 6.1% during the 1st quarter. State Street Corp now owns 858,705 shares of the technology company’s stock worth $72,689,000 after purchasing an additional 49,648 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Watts Water Technologies during the 1st quarter valued at about $359,000. Geode Capital Management LLC lifted its holdings in Watts Water Technologies by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 365,472 shares of the technology company’s stock valued at $36,459,000 after buying an additional 13,813 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Watts Water Technologies by 202.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 29,573 shares of the technology company’s stock valued at $2,503,000 after purchasing an additional 19,785 shares in the last quarter. Hedge funds and other institutional investors own 73.58% of the company’s stock.

WTS opened at $83.89 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.09 and a quick ratio of 1.35. The firm has a fifty day moving average price of $81.70 and a 200 day moving average price of $87.00. Watts Water Technologies Inc has a 1 year low of $69.02 and a 1 year high of $114.45. The stock has a market cap of $2.82 billion, a P/E ratio of 20.52, a P/E/G ratio of 3.57 and a beta of 0.91.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. The firm had revenue of $382.60 million during the quarter, compared to analysts’ expectations of $372.30 million. Watts Water Technologies had a net margin of 8.31% and a return on equity of 14.59%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. Equities analysts expect that Watts Water Technologies Inc will post 2.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, August 31st. Watts Water Technologies’s dividend payout ratio is presently 22.60%.

Several equities research analysts have recently commented on WTS shares. Zacks Investment Research lowered shares of Watts Water Technologies from a “hold” rating to a “sell” rating and set a $87.00 price target for the company. in a report on Sunday, May 3rd. Stifel Nicolaus dropped their target price on shares of Watts Water Technologies from $120.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, Oppenheimer assumed coverage on shares of Watts Water Technologies in a research report on Thursday, June 18th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $101.00.

In other Watts Water Technologies news, insider Elie Melhem sold 1,688 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $80.36, for a total transaction of $135,647.68. Following the completion of the transaction, the insider now directly owns 16,898 shares in the company, valued at $1,357,923.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Kenneth Robert Lepage sold 9,801 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $88.89, for a total transaction of $871,210.89. Corporate insiders own 1.10% of the company’s stock.

Watts Water Technologies Profile

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

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