Mutual of America Capital Management LLC trimmed its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS – Free Report) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,980 shares of the technology company’s stock after selling 435 shares during the quarter. Mutual of America Capital Management LLC owned about 0.07% of Watts Water Technologies worth $3,700,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Covestor Ltd boosted its holdings in Watts Water Technologies by 80.4% during the first quarter. Covestor Ltd now owns 184 shares of the technology company’s stock valued at $26,000 after acquiring an additional 82 shares during the period. Belpointe Asset Management LLC bought a new stake in Watts Water Technologies during the fourth quarter valued at about $27,000. Fifth Third Bancorp boosted its holdings in Watts Water Technologies by 141.1% during the first quarter. Fifth Third Bancorp now owns 176 shares of the technology company’s stock valued at $30,000 after acquiring an additional 103 shares during the period. Eagle Bay Advisors LLC bought a new stake in Watts Water Technologies during the second quarter valued at about $32,000. Finally, Mirova bought a new stake in Watts Water Technologies during the fourth quarter valued at about $44,000. 75.20% of the stock is owned by institutional investors and hedge funds.
Watts Water Technologies Stock Up 1.3 %
Shares of WTS opened at $190.27 on Friday. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 3.24 and a beta of 1.02. The company has a quick ratio of 1.55, a current ratio of 2.53 and a debt-to-equity ratio of 0.07. Watts Water Technologies, Inc. has a 12 month low of $120.78 and a 12 month high of $192.20. The company has a 50-day moving average price of $179.11 and a two-hundred day moving average price of $170.37.
Watts Water Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, August 31st. Watts Water Technologies’s payout ratio is 18.02%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on WTS shares. The Goldman Sachs Group increased their target price on shares of Watts Water Technologies from $171.00 to $189.00 and gave the company a “neutral” rating in a research note on Friday. StockNews.com started coverage on shares of Watts Water Technologies in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Watts Water Technologies from $174.00 to $175.00 in a research note on Monday, May 8th. Finally, Stifel Nicolaus increased their target price on shares of Watts Water Technologies from $177.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, July 19th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Watts Water Technologies has an average rating of “Hold” and an average target price of $171.20.
Insider Transactions at Watts Water Technologies
In other news, major shareholder Timothy P. Horne sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $166.05, for a total transaction of $2,490,750.00. Following the completion of the sale, the insider now owns 35,000 shares of the company’s stock, valued at $5,811,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Timothy P. Horne sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $166.05, for a total transaction of $2,490,750.00. Following the completion of the sale, the insider now owns 35,000 shares of the company’s stock, valued at $5,811,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Elie Melhem sold 565 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $175.54, for a total transaction of $99,180.10. Following the sale, the insider now directly owns 12,079 shares of the company’s stock, valued at approximately $2,120,347.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,403 shares of company stock valued at $6,250,089. Corporate insiders own 1.10% of the company’s stock.
Watts Water Technologies Profile
Watts Water Technologies, Inc 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. The company offers residential and commercial flow control and protection products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves, and leak detection and protection products for plumbing and hot water applications.
Featured Stories
- Five stocks we like better than Watts Water Technologies
- How to Use the MarketBeat Stock Screener
- MarketBeat Week in Review – 07/31 – 08/04
- Why Consider Investing in Nanotechnology Stocks
- 3 Best Meme ETFs to Buy Now
- Upcoming IPO Stock Lockup Period, Explained
- XPO Keeps Reaching New Highs: Markets Love the Stock
Want to see what other hedge funds are holding WTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watts Water Technologies, Inc. (NYSE:WTS – Free Report).
Receive News & Ratings for Watts Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
