Edgestream Partners L.P. Decreases Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Edgestream Partners L.P. lessened its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 41.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,132 shares of the technology company’s stock after selling 10,720 shares during the quarter. Edgestream Partners L.P.’s holdings in Watts Water Technologies were worth $3,135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. boosted its stake in shares of Watts Water Technologies by 64.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,636 shares of the technology company’s stock valued at $348,000 after buying an additional 640 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Watts Water Technologies by 54.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 44,840 shares of the technology company’s stock valued at $9,348,000 after buying an additional 15,901 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of Watts Water Technologies by 10.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 2,304 shares of the technology company’s stock valued at $422,000 after buying an additional 210 shares during the last quarter. Ables Iannone Moore & Associates Inc. boosted its stake in shares of Watts Water Technologies by 92.2% during the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 3,250 shares of the technology company’s stock valued at $596,000 after buying an additional 1,559 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Watts Water Technologies by 202.1% during the 2nd quarter. SG Americas Securities LLC now owns 8,802 shares of the technology company’s stock valued at $1,614,000 after acquiring an additional 5,888 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com raised Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Stifel Nicolaus dropped their target price on Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a research report on Monday, November 4th. Finally, Robert W. Baird decreased their price target on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $200.25.

Insider Activity

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 20,810 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $212.20, for a total value of $4,415,882.00. Following the sale, the chief executive officer now owns 176,045 shares of the company’s stock, valued at $37,356,749. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Shashank Patel sold 4,569 shares of Watts Water Technologies stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.10, for a total value of $955,377.90. Following the sale, the chief financial officer now directly owns 15,635 shares in the company, valued at $3,269,278.50. The trade was a 22.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,974 shares of company stock valued at $6,924,594. Insiders own 1.10% of the company’s stock.

Watts Water Technologies Trading Up 0.3 %

NYSE:WTS opened at $215.79 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $221.19. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 3.08 and a beta of 0.90. The stock has a fifty day simple moving average of $206.20 and a 200 day simple moving average of $197.69.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. The firm had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.83 million. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.04 EPS. Sell-side analysts forecast that Watts Water Technologies, Inc. will post 8.75 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, November 29th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 20.62%.

About Watts Water Technologies

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.