OneDigital Investment Advisors LLC Raises Position in Watts Water Technologies, Inc. (NYSE:WTS)

OneDigital Investment Advisors LLC lifted its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 1.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,238 shares of the technology company’s stock after acquiring an additional 65 shares during the period. OneDigital Investment Advisors LLC’s holdings in Watts Water Technologies were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. HWG Holdings LP purchased a new stake in Watts Water Technologies in the second quarter worth about $28,000. V Square Quantitative Management LLC purchased a new stake in Watts Water Technologies in the 3rd quarter worth approximately $30,000. Gradient Investments LLC bought a new stake in Watts Water Technologies during the 2nd quarter worth approximately $31,000. Blue Trust Inc. lifted its holdings in Watts Water Technologies by 520.5% during the second quarter. Blue Trust Inc. now owns 273 shares of the technology company’s stock valued at $50,000 after purchasing an additional 229 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Watts Water Technologies in the first quarter worth approximately $53,000. 95.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Watts Water Technologies news, insider Monica Barry sold 1,559 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.52, for a total transaction of $331,318.68. Following the transaction, the insider now owns 4,430 shares in the company, valued at $941,463.60. The trade was a 26.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert J. Pagano, Jr. sold 20,810 shares of Watts Water Technologies stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $212.20, for a total transaction of $4,415,882.00. Following the transaction, the chief executive officer now directly owns 176,045 shares of the company’s stock, valued at approximately $37,356,749. This represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,684 shares of company stock valued at $7,241,218 over the last ninety days. 1.10% of the stock is owned by insiders.

Watts Water Technologies Stock Performance

NYSE:WTS opened at $211.17 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 3.02 and a beta of 0.90. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $219.52. The stock’s 50 day simple moving average is $203.30 and its two-hundred day simple moving average is $197.59.

Watts Water Technologies (NYSE:WTS) last released its quarterly 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. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The company had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.83 million. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Watts Water Technologies’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.72 annualized dividend and a yield of 0.81%. Watts Water Technologies’s dividend payout ratio is currently 20.62%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WTS. Stifel Nicolaus lowered their target price 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 for the company in a research report on Friday, August 9th. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a research note on Monday, November 4th. Finally, StockNews.com upgraded Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Watts Water Technologies has a consensus rating of “Hold” and an average price target of $200.25.

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.