Jacobs & Co. CA Sells 65 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Jacobs & Co. CA lessened its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,195 shares of the technology company’s stock after selling 65 shares during the quarter. Jacobs & Co. CA’s holdings in Watts Water Technologies were worth $3,165,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in shares of Watts Water Technologies during the 4th quarter valued at about $26,000. Covestor Ltd increased 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 worth $26,000 after purchasing an additional 82 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of Watts Water Technologies in the 2nd quarter worth approximately $32,000. Headinvest LLC bought a new stake in shares of Watts Water Technologies in the 3rd quarter worth approximately $41,000. Finally, First Capital Advisors Group LLC. bought a new stake in shares of Watts Water Technologies in the 2nd quarter worth approximately $41,000. Institutional investors own 95.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WTS shares. Stifel Nicolaus lifted their price target on Watts Water Technologies from $199.00 to $206.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. TD Cowen boosted their price target on Watts Water Technologies from $165.00 to $175.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 5th. Finally, Robert W. Baird boosted their price target on 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $190.60.

Insider Buying and Selling at Watts Water Technologies

In other news, Director Michael J. Dubose sold 329 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $197.91, for a total value of $65,112.39. Following the sale, the director now directly owns 2,392 shares in the company, valued at $473,400.72. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Watts Water Technologies news, Director Michael J. Dubose sold 329 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $197.91, for a total transaction of $65,112.39. Following the sale, the director now owns 2,392 shares of the company’s stock, valued at approximately $473,400.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Virginia A. Halloran sold 1,520 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total value of $307,207.20. Following the sale, the chief accounting officer now directly owns 14,818 shares in the company, valued at approximately $2,994,865.98. The disclosure for this sale can be found here. Insiders have sold a total of 5,113 shares of company stock worth $1,023,106 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Watts Water Technologies Stock Up 1.6 %

Watts Water Technologies stock opened at $211.57 on Thursday. The stock has a market cap of $7.05 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 3.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.61. Watts Water Technologies, Inc. has a one year low of $153.25 and a one year high of $219.52. The stock has a fifty day moving average of $203.00 and a 200 day moving average of $193.50.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results 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 business had revenue of $547.50 million during the quarter, compared to analysts’ expectations of $532.58 million. Watts Water Technologies had a return on equity of 19.38% and a net margin of 12.75%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share. As a group, sell-side analysts predict that Watts Water Technologies, Inc. will post 8.56 EPS for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 29th. Watts Water Technologies’s dividend payout ratio (DPR) 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.