Watts Water Technologies, Inc. (NYSE:WTS) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 135.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,060 shares of the technology company’s stock after buying an additional 34,019 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.18% of Watts Water Technologies worth $10,830,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Rise Advisors LLC acquired a new stake in shares of Watts Water Technologies during the first quarter worth $26,000. Gradient Investments LLC acquired a new stake in Watts Water Technologies during the 2nd quarter worth about $31,000. Benjamin F. Edwards & Company Inc. lifted its stake in Watts Water Technologies by 502.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 223 shares of the technology company’s stock valued at $47,000 after buying an additional 186 shares in the last quarter. Blue Trust Inc. increased its position in shares of Watts Water Technologies by 520.5% in the second quarter. Blue Trust Inc. now owns 273 shares of the technology company’s stock worth $50,000 after acquiring an additional 229 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Watts Water Technologies during the first quarter valued at approximately $53,000. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Trading Up 0.5 %

Shares of NYSE:WTS opened at $194.50 on Friday. Watts Water Technologies, Inc. has a 12-month low of $167.87 and a 12-month high of $219.52. The company has a quick ratio of 1.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $6.49 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 2.77 and a beta of 0.90. The firm has a fifty day moving average of $189.65 and a two-hundred day moving average of $198.35.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Wednesday, August 7th. The technology company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.13. Watts Water Technologies had a return on equity of 19.22% and a net margin of 12.44%. The firm had revenue of $597.30 million for the quarter, compared to the consensus estimate of $589.55 million. During the same quarter in the previous year, the company posted $2.34 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts expect that Watts Water Technologies, Inc. will post 8.71 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, August 30th. Watts Water Technologies’s dividend payout ratio is 21.34%.

Insider Transactions at Watts Water Technologies

In related news, Director Michael J. Dubose sold 315 shares of Watts Water Technologies stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $185.93, for a total value of $58,567.95. Following the completion of the sale, the director now owns 2,755 shares of the company’s stock, valued at approximately $512,237.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Watts Water Technologies news, Director Michael J. Dubose sold 315 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $185.93, for a total transaction of $58,567.95. Following the transaction, the director now directly owns 2,755 shares in the company, valued at $512,237.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Elie Melhem sold 1,710 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total value of $316,623.60. Following the sale, the insider now owns 11,516 shares of the company’s stock, valued at approximately $2,132,302.56. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on WTS shares. Stifel Nicolaus lowered their price objective on shares of Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. StockNews.com upgraded Watts Water Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Finally, Robert W. Baird reduced their price objective on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

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.