Landscape Capital Management L.L.C. Acquires New Position in Watts Water Technologies, Inc. (NYSE:WTS)

Landscape Capital Management L.L.C. bought a new position in Watts Water Technologies, Inc. (NYSE:WTS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,458 shares of the technology company’s stock, valued at approximately $302,000.

Other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Watts Water Technologies by 1.5% in the second 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 Watts Water Technologies by 2.2% in the 2nd 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 period. Dimensional Fund Advisors LP increased its stake in shares of Watts Water Technologies by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,538 shares of the technology company’s stock valued at $107,738,000 after acquiring an additional 6,742 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Watts Water Technologies by 60.3% during the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock worth $107,778,000 after acquiring an additional 195,778 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Watts Water Technologies by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,378 shares of the technology company’s stock worth $71,924,000 after acquiring an additional 1,049 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus cut their price target on shares of Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Robert W. Baird cut their target price on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. StockNews.com raised Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Watts Water Technologies currently has an average rating of “Hold” and an average target price of $200.25.

Watts Water Technologies Stock Up 2.1 %

Shares of Watts Water Technologies stock opened at $215.17 on Monday. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $219.52. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 3.08 and a beta of 0.90. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $204.72 and a 200 day moving average price of $197.62.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.83 million. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 earnings per share. Equities research analysts forecast that Watts Water Technologies, Inc. will post 8.75 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.43 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 20.62%.

Insider Activity at Watts Water Technologies

In related news, insider Monica Barry sold 1,559 shares of Watts Water Technologies stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.52, for a total value of $331,318.68. Following the completion of the sale, the insider now owns 4,430 shares in the company, valued at approximately $941,463.60. The trade was a 26.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shashank Patel sold 4,569 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.10, for a total transaction of $955,377.90. Following the completion of the sale, the chief financial officer now directly owns 15,635 shares in the company, valued at $3,269,278.50. This represents a 22.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,974 shares of company stock valued at $6,924,594. Corporate insiders own 1.10% of the company’s stock.

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.