North Growth Management Ltd. Has $8.43 Million Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

North Growth Management Ltd. raised its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,000 shares of the technology company’s stock after buying an additional 5,000 shares during the period. North Growth Management Ltd. owned about 0.12% of Watts Water Technologies worth $8,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of WTS. Kayne Anderson Rudnick Investment Management LLC raised its position 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 valued at $375,948,000 after purchasing an additional 29,473 shares during the last quarter. Mirova US LLC raised its holdings in shares of Watts Water Technologies by 2.2% in the second quarter. Mirova US LLC now owns 715,674 shares of the technology company’s stock valued at $131,233,000 after buying an additional 15,462 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 valued at $107,738,000 after acquiring an additional 6,742 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of Watts Water Technologies by 60.3% in the third quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock worth $107,778,000 after acquiring an additional 195,778 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Watts Water Technologies by 0.3% during 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 purchasing an additional 1,049 shares in the last quarter. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Stock Performance

WTS stock opened at $211.98 on Tuesday. 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 twelve month low of $175.37 and a twelve month high of $219.52. The business’s fifty day moving average is $201.10 and its 200-day moving average is $197.19. The company has a market cap of $7.07 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 2.98 and a beta of 0.90.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.04. The firm had revenue of $543.60 million for the quarter, compared to analyst estimates of $541.83 million. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Equities research analysts forecast that Watts Water Technologies, Inc. will post 8.74 EPS for the current year.

Watts Water Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, November 29th. Watts Water Technologies’s payout ratio is presently 20.62%.

Insiders Place Their Bets

In other news, CEO Robert J. Pagano, Jr. sold 20,810 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total value of $4,415,882.00. Following the completion of the transaction, the chief executive officer now owns 176,045 shares of the company’s stock, valued at $37,356,749. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Watts Water Technologies news, CFO Shashank Patel sold 4,569 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.10, for a total transaction of $955,377.90. Following the completion of the transaction, the chief financial officer now owns 15,635 shares in the company, valued at approximately $3,269,278.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert J. Pagano, Jr. sold 20,810 shares of Watts Water Technologies stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total value of $4,415,882.00. Following the completion of the sale, the chief executive officer now directly owns 176,045 shares in the company, valued at approximately $37,356,749. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,999 shares of company stock worth $7,299,786. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WTS shares. Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective for the company in a research report on Monday, November 4th. StockNews.com raised Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus lowered their price objective on 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. Finally, Robert W. Baird dropped their price objective 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.