Mutual of America Capital Management LLC Has $3.47 Million Position in Watts Water Technologies, Inc. (NYSE:WTS)

Mutual of America Capital Management LLC lessened its position in Watts Water Technologies, Inc. (NYSE:WTS) by 3.6% during the 1st quarter, Holdings Channel reports. The firm owned 16,307 shares of the technology company’s stock after selling 607 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Watts Water Technologies were worth $3,466,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WTS. Vanguard Group Inc. boosted its position in Watts Water Technologies by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,188,071 shares of the technology company’s stock valued at $550,962,000 after buying an additional 29,113 shares in the last quarter. Congress Asset Management Co. MA bought a new stake in Watts Water Technologies during the 4th quarter worth approximately $125,904,000. Allianz Asset Management GmbH increased its holdings in Watts Water Technologies by 7.0% during the 4th quarter. Allianz Asset Management GmbH now owns 447,955 shares of the technology company’s stock valued at $93,327,000 after purchasing an additional 29,468 shares in the last quarter. KBC Group NV raised its position in Watts Water Technologies by 14.8% in the 4th quarter. KBC Group NV now owns 295,748 shares of the technology company’s stock valued at $61,616,000 after purchasing an additional 38,110 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Watts Water Technologies by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 295,591 shares of the technology company’s stock worth $61,583,000 after purchasing an additional 3,292 shares in the last quarter. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Trading Up 3.3 %

WTS stock opened at $185.88 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.48 and a debt-to-equity ratio of 0.18. Watts Water Technologies, Inc. has a twelve month low of $167.87 and a twelve month high of $219.52. The company has a market cap of $6.20 billion, a P/E ratio of 23.06, a PEG ratio of 2.58 and a beta of 0.90. The business has a fifty day moving average of $195.54 and a 200-day moving average of $200.53.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.22. The firm had revenue of $570.90 million during the quarter, compared to analysts’ expectations of $547.20 million. Watts Water Technologies had a return on equity of 19.61% and a net margin of 12.53%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 EPS. As a group, equities research analysts expect that Watts Water Technologies, Inc. will post 8.71 EPS for the current year.

Watts Water Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a boost from Watts Water Technologies’s previous quarterly dividend of $0.36. This represents a $1.72 dividend on an annualized basis and a yield of 0.93%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 21.34%.

Insiders Place Their Bets

In other news, major shareholder Timothy P. Horne sold 2,194 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $214.39, for a total value of $470,371.66. Following the transaction, the insider now owns 2,806 shares of the company’s stock, valued at approximately $601,578.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Watts Water Technologies news, insider Elie Melhem sold 2,051 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $215.51, for a total value of $442,011.01. Following the completion of the sale, the insider now owns 13,226 shares of the company’s stock, valued at $2,850,335.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Timothy P. Horne sold 2,194 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $214.39, for a total transaction of $470,371.66. Following the completion of the sale, the insider now owns 2,806 shares in the company, valued at $601,578.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,753 shares of company stock valued at $1,236,753. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WTS shares. Stifel Nicolaus raised their target price on Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Robert W. Baird raised their price objective on shares of Watts Water Technologies from $212.00 to $225.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $199.50.

About Watts Water Technologies

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.