Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lessened its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 5.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,503 shares of the technology company’s stock after selling 209 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Watts Water Technologies were worth $726,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Watts Water Technologies in the third quarter valued at approximately $30,000. HWG Holdings LP purchased a new position in shares of Watts Water Technologies during the 2nd quarter worth $28,000. Gradient Investments LLC acquired a new position in shares of Watts Water Technologies during the 2nd quarter valued at about $31,000. EntryPoint Capital LLC purchased a new stake in shares of Watts Water Technologies in the first quarter valued at about $53,000. Finally, Blue Trust Inc. increased its position in Watts Water Technologies by 520.5% during the second quarter. Blue Trust Inc. now owns 273 shares of the technology company’s stock worth $50,000 after purchasing an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Trading Down 0.9 %

Shares of WTS stock opened at $197.04 on Friday. Watts Water Technologies, Inc. has a 1-year low of $167.87 and a 1-year high of $219.52. The firm has a market cap of $6.57 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.88 and a beta of 0.89. The company has a 50-day moving average of $199.19 and a two-hundred day moving average of $197.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 1.49.

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

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.43 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.87%. Watts Water Technologies’s dividend payout ratio is presently 20.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a report on Friday, August 9th. StockNews.com upgraded Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Robert W. Baird cut their target price 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.

Insider Buying and Selling

In other Watts Water Technologies news, Director Michael J. Dubose sold 315 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $185.93, for a total transaction of $58,567.95. Following the sale, the director now directly owns 2,755 shares in the company, valued at $512,237.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Watts Water Technologies news, Director Michael J. Dubose sold 315 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 2,755 shares of the company’s stock, valued at $512,237.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Elie Melhem sold 1,710 shares of the company’s stock in a transaction on 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 directly owns 11,516 shares in the company, valued at $2,132,302.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Watts Water Technologies Company Profile

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.