Park Place Capital Corp Invests $110,000 in Watts Water Technologies, Inc. (NYSE:WTS)

Park Place Capital Corp bought a new stake in Watts Water Technologies, Inc. (NYSE:WTS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 528 shares of the technology company’s stock, valued at approximately $110,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in Watts Water Technologies in the 4th quarter valued at $26,000. Covestor Ltd grew its stake in Watts Water Technologies by 80.4% in the 1st quarter. Covestor Ltd now owns 184 shares of the technology company’s stock valued at $26,000 after buying an additional 82 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Watts Water Technologies in the 2nd quarter valued at $32,000. McGlone Suttner Wealth Management Inc. acquired a new position in Watts Water Technologies in the 4th quarter valued at $39,000. Finally, Headinvest LLC acquired a new position in Watts Water Technologies in the 3rd quarter valued at $41,000. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Watts Water Technologies

In other news, major shareholder Timothy P. Horne sold 764 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $199.00, for a total transaction of $152,036.00. Following the completion of the transaction, the insider now directly owns 14,236 shares of the company’s stock, valued at approximately $2,832,964. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 completion of the transaction, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at approximately $2,994,865.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Timothy P. Horne sold 764 shares of Watts Water Technologies stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $199.00, for a total transaction of $152,036.00. Following the transaction, the insider now directly owns 14,236 shares of the company’s stock, valued at $2,832,964. The disclosure for this sale can be found here. In the last three months, insiders sold 5,113 shares of company stock valued at $1,023,106. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WTS. Stifel Nicolaus raised their target price on shares of Watts Water Technologies from $199.00 to $206.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Robert W. Baird raised their price target on shares of Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a research report 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. Based on data from MarketBeat.com, Watts Water Technologies currently has an average rating of “Hold” and a consensus price target of $190.60.

Watts Water Technologies Stock Performance

NYSE WTS opened at $206.14 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.61 and a quick ratio of 1.63. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 3.07 and a beta of 0.94. The company’s fifty day moving average is $204.47 and its two-hundred day moving average is $195.11. Watts Water Technologies, Inc. has a 52-week low of $153.25 and a 52-week high of $219.52.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Monday, February 12th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.19. The company had revenue of $547.50 million during the quarter, compared to the consensus estimate of $532.58 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $1.60 EPS. Equities research analysts forecast that Watts Water Technologies, Inc. will post 8.56 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, February 29th. Watts Water Technologies’s payout ratio is 18.41%.

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.