Curat Global LLC Has $148,000 Holdings in Watts Water Technologies, Inc. $WTS

Curat Global LLC reduced its position in Watts Water Technologies, Inc. (NYSE:WTS) by 76.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 600 shares of the technology company’s stock after selling 2,000 shares during the period. Curat Global LLC’s holdings in Watts Water Technologies were worth $148,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Watts Water Technologies by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 38,383 shares of the technology company’s stock worth $9,438,000 after purchasing an additional 431 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Watts Water Technologies by 69.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 517 shares of the technology company’s stock worth $127,000 after purchasing an additional 212 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in Watts Water Technologies in the 2nd quarter worth about $1,585,000. Paralel Advisors LLC acquired a new position in Watts Water Technologies in the 2nd quarter worth about $3,217,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Watts Water Technologies by 1,725.0% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,533 shares of the technology company’s stock valued at $377,000 after acquiring an additional 1,449 shares during the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Zacks Research lowered Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Wall Street Zen lowered Watts Water Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday. Barclays assumed coverage on Watts Water Technologies in a report on Friday, September 19th. They set an “equal weight” rating and a $287.00 price objective on the stock. Stifel Nicolaus increased their price objective on Watts Water Technologies from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Watts Water Technologies in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $253.80.

Watts Water Technologies Stock Performance

WTS opened at $278.27 on Monday. The firm has a market capitalization of $9.28 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 3.34 and a beta of 1.13. The stock’s 50 day moving average price is $278.72 and its two-hundred day moving average price is $252.83. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.10. Watts Water Technologies, Inc. has a 12-month low of $177.59 and a 12-month high of $287.89.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, August 6th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.41. The firm had revenue of $643.70 million for the quarter, compared to analyst estimates of $612.15 million. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS. On average, equities analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Watts Water Technologies’s dividend payout ratio (DPR) is 22.37%.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, Director Joseph T. Noonan sold 713 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $274.45, for a total value of $195,682.85. Following the sale, the director owned 1,194 shares of the company’s stock, valued at $327,693.30. This trade represents a 37.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.

Watts Water Technologies 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.