March 11

Seven Eight Capital LP Makes New Investment in Watts Water Technologies, Inc. (NYSE:WTS)

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Seven Eight Capital LP purchased a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,848 shares of the technology company’s stock, valued at approximately $319,000. A number of […]

Seven Eight Capital LP purchased a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTSFree Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,848 shares of the technology company’s stock, valued at approximately $319,000.

A number of other hedge funds also recently bought and sold shares of WTS. American Century Companies Inc. lifted its stake in shares of Watts Water Technologies by 12.9% in the first quarter. American Century Companies Inc. now owns 4,237 shares of the technology company’s stock valued at $591,000 after buying an additional 483 shares during the period. US Bancorp DE lifted its stake in shares of Watts Water Technologies by 41.6% in the first quarter. US Bancorp DE now owns 881 shares of the technology company’s stock valued at $123,000 after buying an additional 259 shares during the period. Rhumbline Advisers lifted its stake in shares of Watts Water Technologies by 14.8% in the first quarter. Rhumbline Advisers now owns 79,951 shares of the technology company’s stock valued at $11,160,000 after buying an additional 10,288 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of Watts Water Technologies in the first quarter valued at about $2,395,000. Finally, Lord Abbett & CO. LLC acquired a new position in Watts Water Technologies in the first quarter worth about $14,626,000. 75.06% of the stock is currently owned by institutional investors.

Watts Water Technologies Price Performance

WTS stock opened at $204.89 on Monday. The company has a fifty day moving average price of $201.37 and a 200-day moving average price of $191.77. The company has a market capitalization of $6.82 billion, a P/E ratio of 26.20, a PEG ratio of 3.05 and a beta of 0.94. Watts Water Technologies, Inc. has a 52-week low of $153.25 and a 52-week high of $219.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.61.

Watts Water Technologies (NYSE:WTSGet Free Report) last posted its quarterly earnings results on Monday, February 12th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.19. The business had revenue of $547.50 million during the quarter, compared to analysts’ expectations of $532.58 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $1.60 earnings per share. As a group, equities analysts expect that Watts Water Technologies, Inc. will post 8.56 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, February 29th. Watts Water Technologies’s dividend payout ratio (DPR) is currently 18.41%.

Analyst Upgrades and Downgrades

WTS has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Watts Water Technologies from $165.00 to $175.00 and gave the stock a “market perform” rating in a report on Tuesday, December 5th. Stifel Nicolaus boosted their price target on shares of Watts Water Technologies from $199.00 to $206.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Finally, Robert W. Baird upped their target price on shares of Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $190.60.

Check Out Our Latest Analysis on WTS

Insider Activity

In related news, major shareholder Timothy P. Horne sold 764 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $199.00, for a total transaction of $152,036.00. Following the completion of the transaction, the insider now owns 14,236 shares of the company’s stock, valued at $2,832,964. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Watts Water Technologies news, insider Elie Melhem sold 2,500 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $199.50, for a total value of $498,750.00. Following the completion of the transaction, the insider now directly owns 13,564 shares in the company, valued at approximately $2,706,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Timothy P. Horne sold 764 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $199.00, for a total transaction of $152,036.00. Following the completion of the transaction, the insider now owns 14,236 shares of the company’s stock, valued at $2,832,964. The disclosure for this sale can be found here. Insiders have sold a total of 3,593 shares of company stock valued at $715,898 over the last quarter. Company insiders own 1.10% of the company’s stock.

About Watts Water Technologies

(Free Report)

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.

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  Seven Eight Capital LP purchased a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,848 shares of the technology company’s stock, valued at approximately $319,000. A number of 


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