1,699 Watts Water Technologies, Inc. $WTS Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC reduced its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 34.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,179 shares of the technology company’s stock after selling 1,699 shares during the period. Curated Wealth Partners LLC’s holdings in Watts Water Technologies were worth $1,126,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC grew its holdings in shares of Watts Water Technologies by 18.7% during the second quarter. Tidal Investments LLC now owns 30,668 shares of the technology company’s stock worth $12,005,000 after buying an additional 4,832 shares during the last quarter. Candriam S.C.A. increased its position in Watts Water Technologies by 26.6% in the 1st quarter. Candriam S.C.A. now owns 34,579 shares of the technology company’s stock valued at $10,038,000 after acquiring an additional 7,256 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Watts Water Technologies in the 2nd quarter valued at about $3,496,000. Lazard Asset Management LLC raised its stake in Watts Water Technologies by 79.8% during the 1st quarter. Lazard Asset Management LLC now owns 218,832 shares of the technology company’s stock valued at $63,525,000 after acquiring an additional 97,115 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Watts Water Technologies by 1,808.0% during the 1st quarter. Empowered Funds LLC now owns 27,876 shares of the technology company’s stock valued at $8,092,000 after acquiring an additional 26,415 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Watts Water Technologies Stock Performance

NYSE WTS traded up $0.30 on Thursday, hitting $352.40. 74,871 shares of the company’s stock were exchanged, compared to its average volume of 259,343. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 3.41 and a beta of 1.15. The firm’s 50-day moving average price is $363.31 and its two-hundred day moving average price is $337.06. Watts Water Technologies, Inc. has a fifty-two week low of $260.00 and a fifty-two week high of $394.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.66 and a quick ratio of 1.60.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.34 by $0.32. Watts Water Technologies had a return on equity of 19.16% and a net margin of 14.34%. The business had revenue of $763.20 million during the quarter, compared to analysts’ expectations of $725.99 million. During the same period last year, the firm earned $3.09 EPS. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, research analysts expect that Watts Water Technologies, Inc. will post 12.87 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.63 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $2.52 annualized dividend and a yield of 0.7%. Watts Water Technologies’s dividend payout ratio is presently 22.01%.

Insiders Place Their Bets

In other news, Director Joseph T. Noonan sold 3,650 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $353.72, for a total transaction of $1,291,078.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Elie Melhem sold 1,096 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $359.55, for a total transaction of $394,066.80. Following the transaction, the insider directly owned 7,867 shares in the company, valued at approximately $2,828,579.85. This trade represents a 12.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WTS. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $417.00 price objective on shares of Watts Water Technologies in a research report on Wednesday. TD Cowen increased their price target on Watts Water Technologies from $275.00 to $320.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Stifel Nicolaus lifted their price objective on shares of Watts Water Technologies from $379.00 to $403.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Barclays boosted their price objective on shares of Watts Water Technologies from $414.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, KeyCorp upped their price objective on shares of Watts Water Technologies from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $367.70.

Watts Water Technologies Profile

Watts Water Technologies, Inc designs and manufactures products that help manage the safety, efficiency, and quality of water in residential, commercial, institutional, and industrial systems. Its offerings are used in plumbing, heating, water distribution, and drainage applications.

The company’s product portfolio includes backflow prevention devices, pressure regulators, safety and relief valves, water quality and conditioning equipment, leak detection products, drainage systems, and hydronic and HVAC components.