Mutual of America Capital Management LLC Has $3.07 Million Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Mutual of America Capital Management LLC lessened its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,809 shares of the technology company’s stock after selling 887 shares during the period. Mutual of America Capital Management LLC’s holdings in Watts Water Technologies were worth $3,068,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Andina Capital Management LLC raised its holdings in shares of Watts Water Technologies by 3.3% during the third quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock valued at $342,000 after acquiring an additional 52 shares during the period. Portside Wealth Group LLC grew its position in Watts Water Technologies by 2.5% during 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. OneDigital Investment Advisors LLC raised its stake in Watts Water Technologies by 1.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock valued at $1,085,000 after purchasing an additional 65 shares during the period. Inspire Investing LLC lifted its holdings in shares of Watts Water Technologies by 3.8% in the third 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 in the last quarter. Finally, Banco Santander S.A. boosted its position in shares of Watts Water Technologies by 1.2% in the second quarter. Banco Santander S.A. now owns 6,424 shares of the technology company’s stock worth $1,178,000 after buying an additional 76 shares during the period. 95.02% of the stock is owned by hedge funds and other institutional investors.

Watts Water Technologies Stock Performance

Shares of WTS stock opened at $215.17 on Friday. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $219.52. The stock’s 50-day moving average is $204.72 and its two-hundred day moving average is $197.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. The firm has a market cap of $7.17 billion, a P/E ratio of 25.80, a PEG ratio of 2.97 and a beta of 0.90.

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

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, November 29th. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 20.62%.

Insider Activity

In other news, CFO Shashank Patel sold 4,569 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.10, for a total value of $955,377.90. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert J. Pagano, Jr. sold 20,810 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 32,974 shares of company stock valued at $6,924,594. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.