Watts Water Technologies Inc (NYSE:WTS) CEO Robert J. Pagano, Jr. sold 3,951 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $73.09, for a total transaction of $288,778.59. Following the sale, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at $10,047,974.66. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Watts Water Technologies Inc (WTS) traded up $0.95 during mid-day trading on Tuesday, reaching $74.05. 115,071 shares of the company’s stock traded hands, compared to its average volume of 128,250. The firm has a market cap of $2,504.76, a price-to-earnings ratio of 25.12, a P/E/G ratio of 2.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. Watts Water Technologies Inc has a 52 week low of $59.15 and a 52 week high of $75.28.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.03. The company had revenue of $347.70 million during the quarter, compared to analyst estimates of $361.22 million. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. equities research analysts predict 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. Shareholders of record on Friday, December 1st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, November 30th. Watts Water Technologies’s dividend payout ratio is currently 28.15%.

A number of hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in shares of 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 worth $37,793,000 after buying an additional 57,894 shares during the last quarter. AHL Partners LLP lifted its position in shares of Watts Water Technologies by 47.6% in the 2nd quarter. AHL Partners LLP now owns 60,511 shares of the technology company’s stock worth $3,824,000 after buying an additional 19,513 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Watts Water Technologies by 5.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 719,108 shares of the technology company’s stock worth $45,448,000 after buying an additional 36,723 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Watts Water Technologies by 8.7% in the 2nd quarter. Legal & General Group Plc now owns 54,436 shares of the technology company’s stock worth $3,440,000 after buying an additional 4,375 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. lifted its position in shares of Watts Water Technologies by 10.6% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 20,800 shares of the technology company’s stock worth $1,439,000 after buying an additional 2,000 shares during the last quarter. 77.71% of the stock is owned by institutional investors.

A number of research firms recently weighed in on WTS. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a report on Monday, September 18th. Cowen reaffirmed a “hold” rating and set a $58.00 price target on shares of Watts Water Technologies in a report on Thursday, September 28th. KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a report on Monday, November 20th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Watts Water Technologies presently has an average rating of “Hold” and an average price target of $72.83.

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Watts Water Technologies Company 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.

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