Watts Water Technologies, Inc. (NYSE:WTS) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,961 shares of the technology company’s stock after buying an additional 371 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Watts Water Technologies were worth $613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WTS. Andina Capital Management LLC grew its stake in shares of Watts Water Technologies by 3.3% during the third quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock worth $342,000 after acquiring an additional 52 shares during the last quarter. Portside Wealth Group LLC boosted its stake in Watts Water Technologies by 2.5% in the 3rd quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company’s stock worth $517,000 after purchasing an additional 60 shares in the last quarter. Inspire Investing LLC grew its position in Watts Water Technologies by 3.8% during the 3rd quarter. Inspire Investing LLC now owns 2,043 shares of the technology company’s stock worth $423,000 after purchasing an additional 75 shares during the last quarter. Banco Santander S.A. increased its stake in Watts Water Technologies by 1.2% during the 2nd quarter. Banco Santander S.A. now owns 6,424 shares of the technology company’s stock valued at $1,178,000 after purchasing an additional 76 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Watts Water Technologies by 24.4% in the third quarter. CWM LLC now owns 392 shares of the technology company’s stock worth $81,000 after buying an additional 77 shares during the last quarter. 95.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WTS shares. Robert W. Baird dropped 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. StockNews.com raised Watts Water Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective for the company in a research note on Monday, November 4th. Finally, 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 research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $200.25.

Watts Water Technologies Price Performance

Shares of WTS opened at $211.02 on Friday. The business’s 50-day moving average is $202.46 and its two-hundred day moving average is $197.50. The company has a market capitalization of $7.03 billion, a P/E ratio of 25.30, a P/E/G ratio of 3.00 and a beta of 0.90. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $219.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55.

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

Watts Water Technologies Announces Dividend

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

Insider Buying and Selling

In related news, insider Elie Melhem sold 1,710 shares of Watts Water Technologies stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total value of $316,623.60. Following the completion of the transaction, the insider now owns 11,516 shares in the company, valued at $2,132,302.56. The trade was a 12.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shashank Patel sold 4,569 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.10, for a total value of $955,377.90. Following the transaction, the chief financial officer now owns 15,635 shares in the company, valued at $3,269,278.50. This represents a 22.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,684 shares of company stock valued at $7,241,218. Corporate insiders own 1.10% of the company’s stock.

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.