Watts Water Technologies, Inc. (NYSE:WTS) General Counsel Kenneth Robert Lepage Sells 2,607 Shares of Stock

Watts Water Technologies, Inc. (NYSE:WTS) General Counsel Kenneth Robert Lepage sold 2,607 shares of Watts Water Technologies stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.72, for a total transaction of $554,561.04. Following the completion of the sale, the general counsel now directly owns 11,457 shares of the company’s stock, valued at approximately $2,437,133.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kenneth Robert Lepage also recently made the following trade(s):

• On Monday, November 4th, Kenneth Robert Lepage sold 3,429 shares of Watts Water Technologies stock. The shares were sold at an average price of $194.65, for a total value of $667,454.85.

Watts Water Technologies Trading Down 2.3 %

Shares of WTS stock opened at $207.24 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. The firm has a market cap of $6.91 billion, a P/E ratio of 24.85, a PEG ratio of 3.04 and a beta of 0.90. The company has a 50 day moving average of $200.61 and a 200-day moving average of $197.22. Watts Water Technologies, Inc. has a 12-month low of $175.37 and a 12-month high of $219.52.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The business had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.83 million. During the same period last year, the business posted $2.04 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that Watts Water Technologies, Inc. will post 8.72 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, November 29th. This represents a $1.72 dividend on an annualized basis and a yield of 0.83%. Watts Water Technologies’s dividend payout ratio is presently 20.62%.

Hedge Funds Weigh In On Watts Water Technologies

Large investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Watts Water Technologies by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,050,215 shares of the technology company’s stock worth $375,948,000 after buying an additional 29,473 shares during the period. Mirova US LLC raised its stake in shares of Watts Water Technologies by 2.2% during the 2nd quarter. Mirova US LLC now owns 715,674 shares of the technology company’s stock valued at $131,233,000 after purchasing an additional 15,462 shares during the period. Dimensional Fund Advisors LP boosted its stake in Watts Water Technologies by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,538 shares of the technology company’s stock worth $107,738,000 after purchasing an additional 6,742 shares during the period. Boston Trust Walden Corp increased its position in shares of Watts Water Technologies by 60.3% during the third quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock valued at $107,778,000 after buying an additional 195,778 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Watts Water Technologies by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,378 shares of the technology company’s stock worth $71,924,000 after buying an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on WTS shares. 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 report on Monday. StockNews.com raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Robert W. Baird reduced their target price on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Stifel Nicolaus cut their price objective 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $200.25.

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.