Watts Water Technologies, Inc. (NYSE:WTS) Stake Raised by Ellevest Inc. – Defense World
Posted by admin on Jul 4th, 2022 
Ellevest Inc. grew its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS – Get Rating) by 114.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 380 shares of the technology company’s stock after purchasing an additional 203 shares during the quarter. Ellevest Inc.’s holdings in Watts Water Technologies were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of Watts Water Technologies by 128.3% during the fourth quarter. SG Americas Securities LLC now owns 7,807 shares of the technology company’s stock valued at $1,516,000 after acquiring an additional 4,388 shares during the period. Geode Capital Management LLC increased its stake in shares of Watts Water Technologies by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 504,556 shares of the technology company’s stock valued at $97,969,000 after acquiring an additional 16,504 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Watts Water Technologies by 0.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,938 shares of the technology company’s stock valued at $10,279,000 after acquiring an additional 340 shares during the period. Pictet Asset Management SA increased its stake in shares of Watts Water Technologies by 8.9% during the fourth quarter. Pictet Asset Management SA now owns 1,799 shares of the technology company’s stock valued at $349,000 after acquiring an additional 147 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of Watts Water Technologies by 2.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 3,765 shares of the technology company’s stock valued at $731,000 after acquiring an additional 89 shares during the period. 75.11% of the stock is currently owned by institutional investors.
A number of research firms recently commented on WTS. Cowen lowered their price objective on shares of Watts Water Technologies from $130.00 to $120.00 in a research note on Tuesday, June 28th. The Goldman Sachs Group decreased their price target on shares of Watts Water Technologies from $165.00 to $147.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 13th. Stifel Nicolaus decreased their price target on shares of Watts Water Technologies from $148.00 to $141.00 in a research report on Thursday, May 5th. Cowen decreased their price target on shares of Watts Water Technologies from $130.00 to $120.00 in a research report on Tuesday, June 28th. Finally, StockNews.com assumed coverage on shares of Watts Water Technologies in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Watts Water Technologies currently has an average rating of “Hold” and an average price target of $132.00.
NYSE WTS opened at $124.33 on Monday. Watts Water Technologies, Inc. has a twelve month low of $116.31 and a twelve month high of $212.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.28 and a current ratio of 2.27. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.53 and a beta of 0.97. The firm’s 50 day moving average price is $127.83 and its two-hundred day moving average price is $146.85.
Watts Water Technologies (NYSE:WTS – Get Rating) last issued its earnings results on Tuesday, May 3rd. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.24. Watts Water Technologies had a net margin of 9.60% and a return on equity of 17.41%. The company had revenue of $463.20 million during the quarter, compared to analyst estimates of $442.80 million. During the same quarter last year, the business posted $1.24 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, research analysts forecast that Watts Water Technologies, Inc. will post 6.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Tuesday, May 31st. This is a positive change from Watts Water Technologies’s previous quarterly dividend of $0.26. Watts Water Technologies’s payout ratio is presently 22.77%.
In other Watts Water Technologies news, insider Elie Melhem sold 3,800 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $129.54, for a total transaction of $492,252.00. Following the completion of the transaction, the insider now owns 12,303 shares of the company’s stock, valued at approximately $1,593,730.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.
Watts Water Technologies Profile (Get Rating)
Watts Water Technologies, Inc designs, manufactures, and sells products, solution, and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
See Also
Want to see what other hedge funds are holding WTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watts Water Technologies, Inc. (NYSE:WTS – Get Rating).
Receive News & Ratings for Watts Water Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Watts Water Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.
Apple Inc. (NASDAQ:AAPL) is WC Walker & Associates Inc.’s 4th Largest Position
Ellevest Inc. Acquires 113 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)