KBC Group NV Purchases 3,605 Shares of Watts Water Technologies Inc (NYSE:WTS)

KBC Group NV lifted its holdings in Watts Water Technologies Inc (NYSE:WTS) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,525 shares of the technology company’s stock after purchasing an additional 3,605 shares during the quarter. KBC Group NV owned 0.19% of Watts Water Technologies worth $4,534,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WTS. Dimensional Fund Advisors LP increased its holdings in shares of Watts Water Technologies by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 992,272 shares of the technology company’s stock valued at $68,667,000 after purchasing an additional 38,374 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Watts Water Technologies by 4.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 185,077 shares of the technology company’s stock worth $12,808,000 after purchasing an additional 7,582 shares during the period. Impax Asset Management LTD lifted its holdings in shares of Watts Water Technologies by 7.8% in the third quarter. Impax Asset Management LTD now owns 2,730,009 shares of the technology company’s stock worth $188,917,000 after acquiring an additional 196,626 shares during the last quarter. Impax Asset Management AIFM Ltd lifted its holdings in shares of Watts Water Technologies by 3.2% in the third quarter. Impax Asset Management AIFM Ltd now owns 291,447 shares of the technology company’s stock worth $20,168,000 after acquiring an additional 8,977 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Watts Water Technologies by 37.5% in the third quarter. Wells Fargo & Company MN now owns 41,400 shares of the technology company’s stock worth $2,864,000 after acquiring an additional 11,289 shares during the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on WTS. Robert W. Baird reiterated a “hold” rating and issued a $71.00 price objective on shares of Watts Water Technologies in a report on Wednesday, October 4th. Boenning Scattergood reissued an “outperform” rating on shares of Watts Water Technologies in a research report on Tuesday, September 5th. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Monday, September 18th. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $79.00 price target on shares of Watts Water Technologies in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Watts Water Technologies currently has a consensus rating of “Hold” and a consensus price target of $73.83.

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 11,852 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $73.53, for a total value of $871,477.56. Following the completion of the sale, the chief executive officer now owns 137,474 shares in the company, valued at $10,108,463.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elie Melhem sold 2,545 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total value of $179,371.60. The disclosure for this sale can be found here. Insiders have sold 18,348 shares of company stock valued at $1,339,628 in the last three months. 1.10% of the stock is owned by insiders.

Shares of Watts Water Technologies Inc (NYSE:WTS) traded up $0.50 on Friday, reaching $75.20. The company had a trading volume of 265,275 shares, compared to its average volume of 130,463. The company has a current ratio of 2.57, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2,550.85, a price-to-earnings ratio of 25.58, a P/E/G ratio of 2.07 and a beta of 1.15. Watts Water Technologies Inc has a 52 week low of $59.15 and a 52 week high of $76.05.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Thursday, November 30th. Watts Water Technologies’s payout ratio is 28.15%.

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About Watts Water Technologies

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.

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

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