Janney Montgomery Scott LLC Buys 4,871 Shares of Watts Water Technologies Inc (NYSE:WTS)

Janney Montgomery Scott LLC raised its stake in shares of Watts Water Technologies Inc (NYSE:WTS) by 86.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,481 shares of the technology company’s stock after acquiring an additional 4,871 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Watts Water Technologies were worth $982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in Watts Water Technologies during the 2nd quarter valued at $37,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Watts Water Technologies during the 2nd quarter valued at $38,000. HM Payson & Co. purchased a new stake in shares of Watts Water Technologies during the 2nd quarter valued at $108,000. Tower Research Capital LLC TRC purchased a new stake in shares of Watts Water Technologies during the 2nd quarter valued at $122,000. Finally, Strs Ohio lifted its holdings in shares of Watts Water Technologies by 300.0% during the 2nd quarter. Strs Ohio now owns 1,600 shares of the technology company’s stock valued at $149,000 after purchasing an additional 1,200 shares during the last quarter. 75.97% of the stock is currently owned by institutional investors and hedge funds.

WTS has been the subject of several analyst reports. ValuEngine lowered Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus increased their price objective on Watts Water Technologies from $102.00 to $107.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $95.09.

Shares of WTS opened at $95.16 on Friday. Watts Water Technologies Inc has a 12 month low of $61.17 and a 12 month high of $100.05. The stock has a fifty day moving average price of $92.36 and a 200-day moving average price of $90.23. The company has a current ratio of 1.80, a quick ratio of 1.10 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.19 billion, a PE ratio of 25.44, a P/E/G ratio of 2.91 and a beta of 1.16.

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Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.03 by $0.01. Watts Water Technologies had a return on equity of 14.70% and a net margin of 8.11%. The firm had revenue of $394.70 million during the quarter, compared to analyst estimates of $397.44 million. During the same quarter in the prior year, the business posted $0.99 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts forecast that Watts Water Technologies Inc will post 4.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.92 dividend on an annualized basis and a yield of 0.97%. Watts Water Technologies’s dividend payout ratio (DPR) is 24.60%.

In related news, insider Elie Melhem sold 9,643 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $94.06, for a total value of $907,020.58. Following the completion of the transaction, the insider now owns 32,202 shares in the company, valued at approximately $3,028,920.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company’s stock.

Watts Water Technologies Profile

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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