Sei Investments Co. Grows Holdings in Watts Water Technologies Inc (WTS)
Sei Investments Co. raised its holdings in shares of Watts Water Technologies Inc (NYSE:WTS) by 52.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,078 shares of the technology company’s stock after purchasing an additional 6,229 shares during the quarter. Sei Investments Co. owned 0.05% of Watts Water Technologies worth $1,418,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Watts Water Technologies by 4.6% during the first quarter. BlackRock Inc. now owns 4,161,062 shares of the technology company’s stock valued at $323,313,000 after purchasing an additional 182,243 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Watts Water Technologies by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,014,445 shares of the technology company’s stock worth $78,822,000 after acquiring an additional 9,713 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Watts Water Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 952,176 shares of the technology company’s stock worth $73,984,000 after acquiring an additional 3,219 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Watts Water Technologies by 0.4% in the 2nd quarter. Victory Capital Management Inc. now owns 866,469 shares of the technology company’s stock worth $67,931,000 after acquiring an additional 3,253 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in shares of Watts Water Technologies by 0.6% in the 1st quarter. Gabelli Funds LLC now owns 548,100 shares of the technology company’s stock worth $42,587,000 after acquiring an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Boenning Scattergood restated a “neutral” rating on shares of Watts Water Technologies in a report on Thursday, August 2nd. Seaport Global Securities restated a “hold” rating and issued a $83.00 target price on shares of Watts Water Technologies in a report on Thursday, August 2nd. Stifel Nicolaus raised their target price on shares of Watts Water Technologies from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Finally, Robert W. Baird restated a “hold” rating and issued a $82.00 target price on shares of Watts Water Technologies in a report on Friday, July 20th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $85.33.
Watts Water Technologies stock opened at $81.00 on Friday. The stock has a market capitalization of $2.80 billion, a PE ratio of 26.82, a PEG ratio of 1.85 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.29 and a quick ratio of 1.38. Watts Water Technologies Inc has a 12-month low of $61.80 and a 12-month high of $93.35.
Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, August 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The firm had revenue of $407.90 million during the quarter, compared to analyst estimates of $403.60 million. Watts Water Technologies had a net margin of 5.83% and a return on equity of 13.88%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. research analysts forecast that Watts Water Technologies Inc will post 3.69 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, August 30th. Watts Water Technologies’s dividend payout ratio is presently 27.81%.
Watts Water Technologies Company 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. It 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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