Watts Water Technologies, Inc. $WTS Shares Purchased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 4.7% during the 2nd quarter, Holdings Channel reports. The firm owned 6,243 shares of the technology company’s stock after buying an additional 283 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Watts Water Technologies were worth $1,535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners grew its holdings in Watts Water Technologies by 43.3% during the 1st quarter. Boston Partners now owns 905,783 shares of the technology company’s stock worth $184,708,000 after acquiring an additional 273,628 shares in the last quarter. Nuveen LLC purchased a new position in shares of Watts Water Technologies in the 1st quarter valued at about $49,199,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Watts Water Technologies during the 2nd quarter worth about $50,400,000. Allianz Asset Management GmbH raised its position in shares of Watts Water Technologies by 2,366.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 153,282 shares of the technology company’s stock worth $37,691,000 after acquiring an additional 147,068 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Watts Water Technologies by 20.7% during the second quarter. Geode Capital Management LLC now owns 804,050 shares of the technology company’s stock worth $197,728,000 after purchasing an additional 138,034 shares during the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Insiders Place Their Bets

In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 6,994 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $278.65, for a total transaction of $1,948,878.10. Following the completion of the sale, the insider directly owned 23,006 shares of the company’s stock, valued at approximately $6,410,621.90. This trade represents a 23.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Watts Water Technologies Stock Down 0.2%

Shares of NYSE:WTS opened at $266.13 on Friday. Watts Water Technologies, Inc. has a 1-year low of $177.59 and a 1-year high of $287.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.59 and a quick ratio of 1.63. The stock has a market cap of $8.88 billion, a P/E ratio of 28.62, a P/E/G ratio of 3.27 and a beta of 1.17. The firm has a fifty day moving average price of $276.10 and a 200 day moving average price of $261.75.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.21. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The company had revenue of $611.70 million for the quarter, compared to analyst estimates of $576.20 million. During the same period in the previous year, the business posted $2.03 earnings per share. Watts Water Technologies’s quarterly revenue was up 12.5% on a year-over-year basis. Watts Water Technologies has set its FY 2025 guidance at EPS. Sell-side analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.08 annualized dividend and a yield of 0.8%. Watts Water Technologies’s dividend payout ratio is currently 21.47%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Watts Water Technologies in a research report on Friday, August 8th. Barclays boosted their price target on shares of Watts Water Technologies from $287.00 to $300.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Zacks Research lowered Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Watts Water Technologies in a report on Monday. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Watts Water Technologies presently has an average rating of “Hold” and a consensus target price of $264.25.

About Watts Water Technologies

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.