Watts Water Technologies Inc (WTS) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in shares of Watts Water Technologies Inc (NYSE:WTS) by 34.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 7,335 shares of the technology company’s stock after acquiring an additional 1,884 shares during the period. Sei Investments Co.’s holdings in Watts Water Technologies were worth $507,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Riverhead Capital Management LLC grew its holdings in shares of Watts Water Technologies by 44.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock worth $109,000 after acquiring an additional 532 shares during the period. Acrospire Investment Management LLC grew its holdings in shares of Watts Water Technologies by 157.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock worth $114,000 after acquiring an additional 1,100 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Watts Water Technologies by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after acquiring an additional 17 shares during the period. Bruderman Asset Management LLC purchased a new position in shares of Watts Water Technologies during the 2nd quarter worth approximately $130,000. Finally, Quantbot Technologies LP grew its holdings in shares of Watts Water Technologies by 823.9% during the 2nd quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock worth $144,000 after acquiring an additional 2,035 shares during the period. Hedge funds and other institutional investors own 77.71% of the company’s stock.

Watts Water Technologies Inc (WTS) traded down $0.25 during trading on Tuesday, hitting $73.10. The company had a trading volume of 227,500 shares, compared to its average volume of 128,250. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70. The stock has a market cap of $2,504.76, a P/E ratio of 25.12, a P/E/G ratio of 2.03 and a beta of 1.15. Watts Water Technologies Inc has a 52 week low of $59.15 and a 52 week high of $75.28.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $347.70 million for the quarter, compared to the consensus estimate of $361.22 million. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. research analysts predict that Watts Water Technologies Inc will post 3.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.76 annualized dividend and a dividend yield of 1.04%. Watts Water Technologies’s payout ratio is currently 28.15%.

In related news, insider Elie Melhem sold 2,545 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $70.48, for a total value of $179,371.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

A number of research analysts have weighed in on WTS shares. BidaskClub downgraded Watts Water Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Boenning Scattergood reiterated an “outperform” rating on shares of Watts Water Technologies in a report on Tuesday, September 5th. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Monday, September 18th. Stifel Nicolaus assumed coverage on Watts Water Technologies in a research note on Monday, September 18th. They issued a “buy” rating and a $72.00 price target on the stock. Finally, Cowen restated a “hold” rating and issued a $58.00 price target on shares of Watts Water Technologies in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $72.83.

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Watts Water Technologies Company Profile

Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.

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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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