SkyView Investment Advisors LLC Increases Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

SkyView Investment Advisors LLC lifted its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 7.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,260 shares of the technology company’s stock after buying an additional 364 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Watts Water Technologies were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Rise Advisors LLC purchased a new position in Watts Water Technologies during the 1st quarter worth $26,000. Gradient Investments LLC purchased a new position in Watts Water Technologies during the second quarter worth about $31,000. Benjamin F. Edwards & Company Inc. lifted its position in Watts Water Technologies by 502.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 223 shares of the technology company’s stock valued at $47,000 after purchasing an additional 186 shares during the period. Blue Trust Inc. lifted its position in Watts Water Technologies by 520.5% in 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 during the period. Finally, EntryPoint Capital LLC purchased a new stake in Watts Water Technologies in the 1st quarter valued at approximately $53,000. 95.02% of the stock is owned by institutional investors and hedge funds.

Watts Water Technologies Price Performance

WTS stock opened at $207.51 on Friday. The firm has a 50 day moving average of $195.15 and a 200-day moving average of $197.77. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.97 and a beta of 0.89. The company has a current ratio of 2.50, a quick ratio of 1.49 and a debt-to-equity ratio of 0.16. Watts Water Technologies, Inc. has a 12-month low of $167.87 and a 12-month high of $219.52.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.13. The firm had revenue of $597.30 million during the quarter, compared to analysts’ expectations of $589.55 million. Watts Water Technologies had a return on equity of 19.22% and a net margin of 12.44%. Watts Water Technologies’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.34 earnings per share. As a group, equities analysts expect that Watts Water Technologies, Inc. will post 8.71 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.43 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.83%. Watts Water Technologies’s payout ratio is 21.34%.

Analyst Ratings Changes

Several analysts have recently commented on WTS shares. StockNews.com raised Watts Water Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Robert W. Baird cut their price objective 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. Finally, Stifel Nicolaus decreased 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 report on Friday, August 9th.

Insider Activity at Watts Water Technologies

In other Watts Water Technologies news, Director Michael J. Dubose sold 315 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $185.93, for a total value of $58,567.95. Following the sale, the director now owns 2,755 shares of the company’s stock, valued at $512,237.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $316,623.60. Following the completion of the sale, the insider now owns 11,516 shares in the company, valued at approximately $2,132,302.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Dubose sold 315 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $185.93, for a total transaction of $58,567.95. Following the completion of the transaction, the director now owns 2,755 shares in the company, valued at $512,237.15. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.