Amundi Has $46.22 Million Stock Holdings in Watts Water Technologies, Inc. $WTS

Amundi grew its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 8.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 182,898 shares of the technology company’s stock after buying an additional 14,369 shares during the quarter. Amundi’s holdings in Watts Water Technologies were worth $46,216,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WTS. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Watts Water Technologies by 0.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,470,140 shares of the technology company’s stock valued at $503,711,000 after purchasing an additional 6,765 shares in the last quarter. Boston Partners grew its holdings in shares of Watts Water Technologies by 43.3% during the first quarter. Boston Partners now owns 905,783 shares of the technology company’s stock worth $184,708,000 after purchasing an additional 273,628 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Watts Water Technologies by 20.7% during the second quarter. Geode Capital Management LLC now owns 804,050 shares of the technology company’s stock worth $197,728,000 after purchasing an additional 138,034 shares during the last quarter. Mirova US LLC increased its stake in shares of Watts Water Technologies by 2.7% in the second quarter. Mirova US LLC now owns 748,328 shares of the technology company’s stock valued at $184,006,000 after buying an additional 19,344 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Watts Water Technologies by 0.9% in the second quarter. First Trust Advisors LP now owns 545,724 shares of the technology company’s stock valued at $134,188,000 after buying an additional 4,689 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Wall Street Analysts Forecast Growth

WTS has been the subject of several research reports. Barclays raised their price objective on shares of Watts Water Technologies from $287.00 to $300.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Watts Water Technologies in a report on Monday, December 1st. Wall Street Zen upgraded shares of Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research lowered Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $264.25.

Watts Water Technologies Price Performance

WTS stock opened at $267.29 on Wednesday. The stock has a 50-day moving average price of $274.48 and a two-hundred day moving average price of $265.65. Watts Water Technologies, Inc. has a 1 year low of $177.59 and a 1 year high of $287.89. The stock has a market cap of $8.91 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23. The company has a current ratio of 2.83, a quick ratio of 1.84 and a debt-to-equity ratio of 0.10.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, November 5th. The technology company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.21. Watts Water Technologies had a net margin of 13.79% and a return on equity of 18.31%. The business had revenue of $611.70 million for the quarter, compared to analyst estimates of $576.20 million. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.08 annualized dividend and a yield of 0.8%. Watts Water Technologies’s dividend payout ratio is 21.47%.

Insiders Place Their Bets

In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 6,994 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $278.65, for a total transaction of $1,948,878.10. Following the transaction, the insider owned 23,006 shares of the company’s stock, valued at $6,410,621.90. The trade was a 23.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 15,000 shares of company stock valued at $4,128,936 in the last ninety days. 1.10% of the stock is owned by company insiders.

Watts Water Technologies Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.