Mount Yale Investment Advisors LLC Sells 209 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Mount Yale Investment Advisors LLC lowered its position in Watts Water Technologies, Inc. (NYSE:WTS) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,503 shares of the technology company’s stock after selling 209 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Watts Water Technologies were worth $726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of WTS. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Watts Water Technologies by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,050,215 shares of the technology company’s stock worth $375,948,000 after purchasing an additional 29,473 shares during the last quarter. Mirova US LLC increased its position in shares of Watts Water Technologies by 2.2% during the second quarter. Mirova US LLC now owns 715,674 shares of the technology company’s stock worth $131,233,000 after acquiring an additional 15,462 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Watts Water Technologies by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 587,538 shares of the technology company’s stock valued at $107,738,000 after acquiring an additional 6,742 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Watts Water Technologies by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,378 shares of the technology company’s stock valued at $71,924,000 after purchasing an additional 1,049 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Watts Water Technologies by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 287,553 shares of the technology company’s stock worth $52,729,000 after purchasing an additional 8,370 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WTS. 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 report on Friday, August 9th. Robert W. Baird dropped their target price on shares of Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 16th.

Watts Water Technologies Trading Down 0.9 %

Watts Water Technologies stock opened at $197.04 on Friday. Watts Water Technologies, Inc. has a 52 week low of $167.87 and a 52 week high of $219.52. The stock has a 50-day moving average price of $199.19 and a 200 day moving average price of $197.41. 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 company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 2.88 and a beta of 0.89.

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

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Friday, August 30th. Watts Water Technologies’s payout ratio is presently 20.87%.

Insiders Place Their Bets

In other news, insider Elie Melhem sold 1,710 shares of Watts Water Technologies stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total transaction of $316,623.60. Following the completion of the transaction, the insider now directly owns 11,516 shares of the company’s stock, valued at $2,132,302.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other 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 sale, the insider now directly owns 11,516 shares in the company, valued at $2,132,302.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Dubose sold 315 shares of the company’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 completion of the transaction, the director now directly owns 2,755 shares of the company’s stock, valued at $512,237.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.