Venture Visionary Partners LLC Has $310,000 Position in Watts Water Technologies, Inc. (NYSE:WTS)

Venture Visionary Partners LLC reduced its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 16.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,498 shares of the technology company’s stock after selling 302 shares during the quarter. Venture Visionary Partners LLC’s holdings in Watts Water Technologies were worth $310,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WTS. Park Avenue Securities LLC raised its stake in Watts Water Technologies by 4.2% during the first quarter. Park Avenue Securities LLC now owns 1,645 shares of the technology company’s stock worth $350,000 after acquiring an additional 67 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in Watts Water Technologies by 1.4% during the first quarter. Congress Wealth Management LLC DE now owns 64,642 shares of the technology company’s stock worth $13,740,000 after acquiring an additional 880 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Watts Water Technologies by 768.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 25,041 shares of the technology company’s stock worth $5,322,000 after acquiring an additional 22,156 shares in the last quarter. State of Michigan Retirement System raised its stake in Watts Water Technologies by 1.5% during the first quarter. State of Michigan Retirement System now owns 6,695 shares of the technology company’s stock worth $1,423,000 after acquiring an additional 100 shares in the last quarter. Finally, Norden Group LLC raised its stake in Watts Water Technologies by 1,826.3% during the first quarter. Norden Group LLC now owns 59,310 shares of the technology company’s stock worth $12,606,000 after acquiring an additional 56,231 shares in the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Watts Water Technologies Price Performance

Shares of WTS stock opened at $200.49 on Thursday. The stock has a 50-day moving average price of $198.69 and a 200 day moving average price of $197.47. The company has a quick ratio of 1.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.95 and a beta of 0.89. Watts Water Technologies, Inc. has a 12 month low of $167.87 and a 12 month high of $219.52.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.13. The firm had revenue of $597.30 million during the quarter, compared to analyst estimates of $589.55 million. Watts Water Technologies had a return on equity of 19.22% and a net margin of 12.44%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $2.34 earnings per share. Research analysts expect that Watts Water Technologies, Inc. will post 8.71 EPS for the current year.

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.86%. Watts Water Technologies’s payout ratio is 21.34%.

Insider Buying and Selling

In other Watts Water Technologies news, Director Michael J. Dubose sold 315 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $185.93, for a total transaction of $58,567.95. Following the transaction, the director now owns 2,755 shares in the company, valued at approximately $512,237.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Watts Water Technologies news, insider Elie Melhem sold 1,710 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total transaction of $316,623.60. Following the transaction, the insider now owns 11,516 shares in the company, valued at approximately $2,132,302.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Dubose sold 315 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $185.93, for a total value of $58,567.95. Following the transaction, the director now owns 2,755 shares in the company, valued at approximately $512,237.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Robert W. Baird lowered their target price on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Stifel Nicolaus lowered their target price on Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, StockNews.com upgraded Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th.

Watts Water Technologies Company Profile

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.