Watts Water Technologies, Inc. (NYSE:WTS) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 316,407 shares of the technology company’s stock after purchasing an additional 9,148 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.95% of Watts Water Technologies worth $65,556,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Andina Capital Management LLC boosted its position in 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 valued at $342,000 after buying an additional 52 shares during the last quarter. Portside Wealth Group LLC lifted its stake 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 valued at $517,000 after acquiring an additional 60 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of Watts Water Technologies by 1.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock valued at $1,085,000 after acquiring an additional 65 shares during the last quarter. Inspire Investing LLC increased its stake 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 worth $423,000 after acquiring an additional 75 shares during the period. Finally, Banco Santander S.A. raised its holdings in shares of Watts Water Technologies by 1.2% during the second quarter. Banco Santander S.A. now owns 6,424 shares of the technology company’s stock worth $1,178,000 after purchasing an additional 76 shares during the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, CFO Shashank Patel sold 4,569 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.10, for a total value of $955,377.90. Following the transaction, the chief financial officer now owns 15,635 shares in the company, valued at approximately $3,269,278.50. This trade represents a 22.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 $37,356,749. The trade was a 10.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,974 shares of company stock valued at $6,924,594 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WTS. Stifel Nicolaus lowered their price target 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. Robert W. Baird lowered their target price on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating on the stock 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. Finally, StockNews.com upgraded 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $200.25.

Watts Water Technologies Price Performance

Shares of Watts Water Technologies stock opened at $215.09 on Friday. The firm has a market cap of $7.17 billion, a PE ratio of 25.79, a P/E/G ratio of 3.07 and a beta of 0.90. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $221.19. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $205.98 and a 200 day moving average price of $197.93.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The business 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 business earned $2.04 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts predict that Watts Water Technologies, Inc. will post 8.75 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.43 dividend. 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 20.62%.

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.