KBC Group NV Increases Holdings in Watts Water Technologies, Inc. (WTS)

KBC Group NV raised its position in Watts Water Technologies, Inc. (NYSE:WTS) by 5.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 65,525 shares of the technology company’s stock after purchasing an additional 3,605 shares during the period. KBC Group NV owned 0.19% of Watts Water Technologies worth $4,534,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WTS. Teachers Advisors LLC lifted its holdings in Watts Water Technologies by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 47,096 shares of the technology company’s stock valued at $2,936,000 after purchasing an additional 1,150 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Watts Water Technologies by 32.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,410 shares of the technology company’s stock worth $531,000 after acquiring an additional 2,050 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Watts Water Technologies by 3.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 39,745 shares of the technology company’s stock worth $2,507,000 after acquiring an additional 1,289 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Watts Water Technologies by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 20,355 shares of the technology company’s stock worth $1,286,000 after acquiring an additional 219 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Watts Water Technologies by 52.4% in the 2nd quarter. Sei Investments Co. now owns 5,451 shares of the technology company’s stock worth $345,000 after acquiring an additional 1,875 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

Shares of Watts Water Technologies, Inc. (NYSE WTS) traded up $0.05 on Thursday, hitting $73.20. The company’s stock had a trading volume of 107,400 shares, compared to its average volume of 127,373. Watts Water Technologies, Inc. has a twelve month low of $59.15 and a twelve month high of $75.28. The firm has a market cap of $2,497.93, a P/E ratio of 25.05, a PEG ratio of 2.03 and a beta of 1.15. The company has a quick ratio of 1.70, a current ratio of 2.57 and a debt-to-equity ratio of 0.60.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $347.70 million during 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 company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. equities analysts expect that Watts Water Technologies, Inc. will post 3.01 EPS for the current year.

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

A number of brokerages have issued reports on WTS. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a research note on Monday, November 20th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $79.00 target price on shares of Watts Water Technologies in a research note on Friday, November 3rd. Finally, Robert W. Baird raised their target price on Watts Water Technologies from $71.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Watts Water Technologies currently has an average rating of “Hold” and a consensus target price of $72.83.

In related news, insider Elie Melhem sold 2,545 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $70.48, for a total transaction of $179,371.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

WARNING: “KBC Group NV Increases Holdings in Watts Water Technologies, Inc. (WTS)” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://stocknewstimes.com/2017/12/07/kbc-group-nv-increases-holdings-in-watts-water-technologies-inc-wts.html.

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.

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).

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

Receive News & Ratings for Watts Water Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply