Cwm LLC Has $81,000 Position in Watts Water Technologies, Inc. (NYSE:WTS)

Cwm LLC boosted its position in Watts Water Technologies, Inc. (NYSE:WTS) by 24.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 392 shares of the technology company’s stock after purchasing an additional 77 shares during the period. Cwm LLC’s holdings in Watts Water Technologies were worth $81,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. HWG Holdings LP acquired a new position in Watts Water Technologies in the 2nd quarter worth about $28,000. Gradient Investments LLC bought a new stake in shares of Watts Water Technologies in the 2nd quarter valued at about $31,000. EntryPoint Capital LLC bought a new stake in shares of Watts Water Technologies in the 1st quarter valued at about $53,000. Blue Trust Inc. grew its position in shares of Watts Water Technologies by 520.5% in the 2nd quarter. Blue Trust Inc. now owns 273 shares of the technology company’s stock valued at $50,000 after buying an additional 229 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Watts Water Technologies in the 1st quarter valued at about $66,000. Institutional investors and hedge funds own 95.02% of the company’s stock.

Insider Activity at Watts Water Technologies

In related news, Director Michael J. Dubose sold 315 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total transaction of $58,567.95. Following the transaction, the director now directly owns 2,755 shares of the company’s stock, valued at approximately $512,237.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a 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 the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total transaction of $316,623.60. Following the transaction, the insider now directly owns 11,516 shares of the company’s stock, valued at approximately $2,132,302.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Dubose sold 315 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total value of $58,567.95. Following the transaction, the director now directly owns 2,755 shares in the company, valued at approximately $512,237.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Watts Water Technologies Stock Down 0.9 %

Shares of Watts Water Technologies stock opened at $197.04 on Friday. Watts Water Technologies, Inc. has a one year low of $167.87 and a one year high of $219.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 1.49. The stock’s 50-day moving average is $199.19 and its 200 day moving average is $197.41. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.88 and a beta of 0.89.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Wednesday, August 7th. The technology company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.33 by $0.13. Watts Water Technologies had a return on equity of 19.22% and a net margin of 12.44%. The company had revenue of $597.30 million for the quarter, compared to analyst estimates of $589.55 million. During the same quarter in the prior year, the company earned $2.34 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts anticipate that Watts Water Technologies, Inc. will post 8.71 EPS for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.43 per share. The ex-dividend date was Friday, August 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.87%. Watts Water Technologies’s payout ratio is 20.87%.

Wall Street Analyst Weigh In

A number of research firms have commented on WTS. Stifel Nicolaus reduced their price target 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. StockNews.com upgraded Watts Water Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 16th. Finally, Robert W. Baird reduced their price target 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.

About Watts Water Technologies

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.