Atria Investments Inc Has $1.32 Million Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Atria Investments Inc raised its position in Watts Water Technologies, Inc. (NYSE:WTS) by 10.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,374 shares of the technology company’s stock after acquiring an additional 601 shares during the period. Atria Investments Inc’s holdings in Watts Water Technologies were worth $1,321,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in Watts Water Technologies by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,050,215 shares of the technology company’s stock valued at $375,948,000 after purchasing an additional 29,473 shares during the period. Mirova US LLC grew its holdings 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 valued at $131,233,000 after buying an additional 15,462 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Watts Water Technologies by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,538 shares of the technology company’s stock worth $107,738,000 after acquiring an additional 6,742 shares during the last quarter. Boston Trust Walden Corp lifted its position in Watts Water Technologies by 60.3% in the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock valued at $107,778,000 after acquiring an additional 195,778 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Watts Water Technologies by 0.3% during the 1st 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 last quarter. Institutional investors own 95.02% of the company’s stock.

Insider Buying and Selling

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 20,810 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total transaction of $4,415,882.00. Following the completion of the transaction, the chief executive officer now owns 176,045 shares in the company, valued at $37,356,749. This trade represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shashank Patel sold 4,569 shares of Watts Water Technologies stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.10, for a total transaction of $955,377.90. Following the completion of the transaction, the chief financial officer now owns 15,635 shares of the company’s stock, valued at $3,269,278.50. The trade was a 22.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,684 shares of company stock valued at $7,241,218. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WTS. Stifel Nicolaus dropped their target price on Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Robert W. Baird cut their price objective 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. Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a report on Monday, November 4th. Finally, StockNews.com upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $200.25.

Watts Water Technologies Stock Down 0.4 %

Shares of NYSE:WTS opened at $211.02 on Friday. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $219.52. The company has a market capitalization of $7.03 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 3.03 and a beta of 0.90. The business has a fifty day moving average price of $202.90 and a two-hundred day moving average price of $197.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The company had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.83 million. During the same period in the previous year, the firm earned $2.04 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.72 annualized dividend and a dividend yield of 0.82%. Watts Water Technologies’s payout ratio is currently 20.62%.

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.