Atria Investments Inc Buys 601 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Atria Investments Inc boosted its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,374 shares of the technology company’s stock after purchasing an additional 601 shares during the quarter. Atria Investments Inc’s holdings in Watts Water Technologies were worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Andina Capital Management LLC lifted its holdings in shares of Watts Water Technologies by 3.3% in the third quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock worth $342,000 after buying an additional 52 shares in the last quarter. Portside Wealth Group LLC lifted its stake in Watts Water Technologies by 2.5% in the 3rd quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company’s stock worth $517,000 after purchasing an additional 60 shares in the last quarter. Inspire Investing LLC boosted its holdings in Watts Water Technologies by 3.8% in the 3rd quarter. Inspire Investing LLC now owns 2,043 shares of the technology company’s stock valued at $423,000 after purchasing an additional 75 shares during the period. Banco Santander S.A. grew its position in shares of Watts Water Technologies by 1.2% during the 2nd quarter. Banco Santander S.A. now owns 6,424 shares of the technology company’s stock valued at $1,178,000 after purchasing an additional 76 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Watts Water Technologies by 24.4% in the third quarter. CWM LLC now owns 392 shares of the technology company’s stock worth $81,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WTS. Stifel Nicolaus dropped their price objective on Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a research report on Monday, November 4th. Robert W. Baird decreased their price objective on shares of Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $200.25.

Watts Water Technologies Price Performance

WTS opened at $211.02 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $7.03 billion, a P/E ratio of 25.30, a PEG ratio of 3.03 and a beta of 0.90. The stock has a 50-day moving average price of $202.90 and a 200-day moving average price of $197.56. Watts Water Technologies, Inc. has a 12-month low of $175.37 and a 12-month high of $219.52.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. The business had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.83 million. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. Watts Water Technologies’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Equities analysts predict that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, November 29th. Watts Water Technologies’s payout ratio is presently 20.62%.

Insiders Place Their Bets

In other news, CEO Robert J. Pagano, Jr. sold 20,810 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $212.20, for a total transaction of $4,415,882.00. Following the completion of the sale, the chief executive officer now owns 176,045 shares of the company’s stock, valued at approximately $37,356,749. This represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shashank Patel sold 4,569 shares of Watts Water Technologies stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.10, for a total transaction of $955,377.90. Following the completion of the transaction, the chief financial officer now directly owns 15,635 shares in the company, valued at approximately $3,269,278.50. The trade was a 22.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,684 shares of company stock valued at $7,241,218 over the last three months. Insiders own 1.10% of the company’s stock.

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.