Watts Water Technologies, Inc. (NYSE:WTS) insider Elie Melhem sold 2,545 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Elie Melhem also recently made the following trade(s):

  • On Friday, August 25th, Elie Melhem sold 3,306 shares of Watts Water Technologies stock. The shares were sold at an average price of $62.11, for a total value of $205,335.66.

Shares of Watts Water Technologies, Inc. (WTS) traded up $0.20 on Monday, hitting $72.25. The company had a trading volume of 217,654 shares, compared to its average volume of 127,823. The company has a quick ratio of 1.70, a current ratio of 2.57 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2,460.36, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 2.00 and a beta of 1.12. Watts Water Technologies, Inc. has a one year low of $59.15 and a one year high of $72.35.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, November 30th. Watts Water Technologies’s dividend payout ratio is currently 28.15%.

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A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its position in Watts Water Technologies by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after buying an additional 17 shares during the last quarter. Suntrust Banks Inc. increased its position in Watts Water Technologies by 1.0% in the second quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock worth $207,000 after buying an additional 31 shares during the last quarter. Manchester Capital Management LLC increased its position in Watts Water Technologies by 0.5% in the second quarter. Manchester Capital Management LLC now owns 11,040 shares of the technology company’s stock worth $698,000 after buying an additional 50 shares during the last quarter. South State Corp increased its position in Watts Water Technologies by 1.5% in the second quarter. South State Corp now owns 3,347 shares of the technology company’s stock worth $212,000 after buying an additional 50 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its position in Watts Water Technologies by 1.1% in the second quarter. Eqis Capital Management Inc. now owns 5,932 shares of the technology company’s stock worth $375,000 after buying an additional 64 shares during the last quarter. 79.00% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on the company. Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a report on Monday. Seaport Global Securities restated a “neutral” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $79.00 price target on shares of Watts Water Technologies in a research report on Friday, November 3rd. Finally, Robert W. Baird increased their price target on Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Watts Water Technologies currently has a consensus rating of “Hold” and a consensus target price of $72.83.

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.

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