Prudential Financial Inc. lessened its holdings in Watts Water Technologies Inc (NYSE:WTS) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,071 shares of the technology company’s stock after selling 430 shares during the period. Prudential Financial Inc. owned 0.13% of Watts Water Technologies worth $4,200,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Watts Water Technologies in the 2nd quarter valued at $38,000. Strs Ohio grew its holdings in Watts Water Technologies by 300.0% in the 2nd quarter. Strs Ohio now owns 1,600 shares of the technology company’s stock valued at $149,000 after buying an additional 1,200 shares in the last quarter. ETF Managers Group LLC grew its holdings in Watts Water Technologies by 10.4% in the 1st quarter. ETF Managers Group LLC now owns 1,852 shares of the technology company’s stock valued at $150,000 after buying an additional 175 shares in the last quarter. Clean Yield Group grew its holdings in Watts Water Technologies by 59.7% in the 2nd quarter. Clean Yield Group now owns 1,861 shares of the technology company’s stock valued at $173,000 after buying an additional 696 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Watts Water Technologies in the 1st quarter valued at $176,000. Institutional investors and hedge funds own 76.54% of the company’s stock.
WTS has been the topic of a number of research reports. ValuEngine lowered Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Janney Montgomery Scott lowered Watts Water Technologies from a “buy” rating to a “neutral” rating and set a $93.26 price objective on the stock. in a report on Tuesday, July 2nd. Stifel Nicolaus upped their price objective on Watts Water Technologies from $102.00 to $107.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research lowered Watts Water Technologies from a “hold” rating to a “sell” rating and set a $85.00 price objective on the stock. in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $95.09.
Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, July 31st. The technology company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.01). The company had revenue of $416.80 million for the quarter, compared to analyst estimates of $416.26 million. Watts Water Technologies had a return on equity of 14.76% and a net margin of 8.08%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. Research analysts predict that Watts Water Technologies Inc will post 4.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, August 29th. Watts Water Technologies’s dividend payout ratio (DPR) is currently 24.60%.
About Watts Water Technologies
Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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