Atria Wealth Solutions Inc. Invests $351,000 in Watts Water Technologies, Inc. (NYSE:WTS)

Atria Wealth Solutions Inc. purchased a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,687 shares of the technology company’s stock, valued at approximately $351,000.

A number of other large investors also recently bought and sold shares of WTS. Contravisory Investment Management Inc. acquired a new position in Watts Water Technologies in the 4th quarter worth about $26,000. Allworth Financial LP lifted its position in shares of Watts Water Technologies by 47.5% during the 4th quarter. Allworth Financial LP now owns 174 shares of the technology company’s stock valued at $36,000 after buying an additional 56 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Watts Water Technologies in the 4th quarter worth $39,000. AdvisorNet Financial Inc raised its position in shares of Watts Water Technologies by 2,857.1% during the 4th quarter. AdvisorNet Financial Inc now owns 207 shares of the technology company’s stock worth $43,000 after purchasing an additional 200 shares during the last quarter. Finally, Headinvest LLC purchased a new position in Watts Water Technologies in the 3rd quarter valued at about $41,000. 95.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Watts Water Technologies

In related news, insider Elie Melhem sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $199.50, for a total value of $498,750.00. Following the completion of the transaction, the insider now directly owns 13,564 shares in the company, valued at $2,706,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Watts Water Technologies news, insider Elie Melhem sold 2,500 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $199.50, for a total transaction of $498,750.00. Following the completion of the transaction, the insider now owns 13,564 shares of the company’s stock, valued at $2,706,018. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the sale, the chief accounting officer now owns 14,818 shares of the company’s stock, valued at $2,994,865.98. The disclosure for this sale can be found here. Insiders sold 5,113 shares of company stock worth $1,023,106 in the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on WTS shares. Stifel Nicolaus increased their target price on Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Robert W. Baird lifted their target price on shares of Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $191.20.

Watts Water Technologies Stock Performance

Shares of Watts Water Technologies stock opened at $209.01 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.61. The business’s 50 day moving average price is $204.76 and its 200 day moving average price is $199.61. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 3.00 and a beta of 0.95. Watts Water Technologies, Inc. has a one year low of $156.85 and a one year high of $219.52.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.19. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The firm had revenue of $547.50 million for the quarter, compared to analysts’ expectations of $532.58 million. During the same quarter in the previous year, the company posted $1.60 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts predict that Watts Water Technologies, Inc. will post 8.53 EPS for the current year.

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.