Todd A. Trapp Sells 8,975 Shares of Watts Water Technologies Inc (WTS) Stock

Watts Water Technologies Inc (NYSE:WTS) CFO Todd A. Trapp sold 8,975 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $75.88, for a total transaction of $681,023.00. Following the completion of the transaction, the chief financial officer now directly owns 26,129 shares of the company’s stock, valued at approximately $1,982,668.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Watts Water Technologies Inc (NYSE:WTS) opened at $77.15 on Tuesday. The company has a market cap of $2,631.05, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.39 and a quick ratio of 1.60. Watts Water Technologies Inc has a 12 month low of $59.15 and a 12 month high of $82.35.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $366.30 million during the quarter, compared to analysts’ expectations of $365.35 million. Watts Water Technologies had a net margin of 5.02% and a return on equity of 12.93%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. equities research analysts expect that Watts Water Technologies Inc will post 3.63 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, March 1st. Watts Water Technologies’s dividend payout ratio is presently 35.85%.

WTS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Monday, January 22nd. Northcoast Research set a $90.00 target price on shares of Watts Water Technologies and gave the company a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 target price (up previously from $85.00) on shares of Watts Water Technologies in a research report on Tuesday, January 16th. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Finally, Janney Montgomery Scott raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $78.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new stake in shares of Watts Water Technologies during the 4th quarter worth about $996,000. Gotham Asset Management LLC lifted its stake in shares of Watts Water Technologies by 63.7% during the 4th quarter. Gotham Asset Management LLC now owns 9,925 shares of the technology company’s stock worth $754,000 after buying an additional 3,861 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Watts Water Technologies by 8.1% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 13,300 shares of the technology company’s stock worth $1,010,000 after buying an additional 1,000 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Watts Water Technologies by 52.9% during the 4th quarter. TIAA CREF Investment Management LLC now owns 184,397 shares of the technology company’s stock worth $14,005,000 after buying an additional 63,766 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of Watts Water Technologies by 2.3% during the 4th quarter. Teachers Advisors LLC now owns 65,106 shares of the technology company’s stock worth $4,945,000 after buying an additional 1,443 shares during the last quarter. Institutional investors own 77.18% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Watts Water Technologies (NYSE:WTS)

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