Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,491,976 shares of the technology company’s stock after selling 47,744 shares during the period. Watts Water Technologies accounts for about 1.2% of Impax Asset Management Group plc’s holdings, making the stock its 25th biggest holding. Impax Asset Management Group plc owned approximately 4.47% of Watts Water Technologies worth $308,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Andina Capital Management LLC raised its stake in shares of Watts Water Technologies by 3.3% during the third quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock valued at $342,000 after purchasing an additional 52 shares during the period. Inspire Investing LLC grew its position in shares of Watts Water Technologies by 3.8% during the 3rd quarter. Inspire Investing LLC now owns 2,043 shares of the technology company’s stock valued at $423,000 after buying an additional 75 shares during the last quarter. Banco Santander S.A. grew its position in shares of Watts Water Technologies by 1.2% during the 2nd quarter. Banco Santander S.A. now owns 6,424 shares of the technology company’s stock valued at $1,178,000 after buying an additional 76 shares during the last quarter. CWM LLC grew its position in shares of Watts Water Technologies by 24.4% during the 3rd quarter. CWM LLC now owns 392 shares of the technology company’s stock valued at $81,000 after buying an additional 77 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Watts Water Technologies by 30.0% during the 2nd quarter. Fifth Third Bancorp now owns 338 shares of the technology company’s stock valued at $62,000 after buying an additional 78 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Watts Water Technologies Trading Up 1.0 %

Shares of NYSE:WTS opened at $195.66 on Tuesday. The company has a 50 day moving average of $200.07 and a 200-day moving average of $197.14. The firm has a market cap of $6.53 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.78 and a beta of 0.90. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $219.52. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The company had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 EPS. As a group, analysts anticipate that Watts Water Technologies, Inc. will post 8.71 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business 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 $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, November 29th. Watts Water Technologies’s dividend payout ratio is currently 20.62%.

Wall Street Analyst Weigh In

WTS has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a research report on Monday. Robert W. Baird decreased their target price on shares of Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $200.25.

Insider Transactions at Watts Water Technologies

In related news, insider Elie Melhem sold 1,710 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total transaction of $316,623.60. Following the completion of the sale, the insider now directly owns 11,516 shares of the company’s stock, valued at $2,132,302.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Elie Melhem sold 1,710 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total transaction of $316,623.60. Following the completion of the sale, the insider now directly owns 11,516 shares of the company’s stock, valued at $2,132,302.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Kenneth Robert Lepage sold 3,429 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $194.65, for a total transaction of $667,454.85. Following the sale, the general counsel now directly owns 14,064 shares of the company’s stock, valued at approximately $2,737,557.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,454 shares of company stock valued at $1,042,646. Company insiders own 1.10% of the company’s stock.

Watts Water Technologies Company 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.