Systematic Financial Management LP boosted its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,273 shares of the company’s stock after buying an additional 6,486 shares during the period. Systematic Financial Management LP’s holdings in Watts Water Technologies were worth $12,601,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Watts Water Technologies by 4.2% in the second quarter. Vanguard Group Inc. now owns 2,223,809 shares of the company’s stock worth $129,559,000 after buying an additional 89,676 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Watts Water Technologies by 7.5% in the third quarter. BlackRock Fund Advisors now owns 1,931,896 shares of the company’s stock worth $125,264,000 after buying an additional 135,475 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Watts Water Technologies by 16.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 772,637 shares of the company’s stock worth $50,098,000 after buying an additional 107,021 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Watts Water Technologies by 12.2% in the second quarter. Silvercrest Asset Management Group LLC now owns 691,113 shares of the company’s stock worth $40,265,000 after buying an additional 74,875 shares during the last quarter. Finally, State Street Corp increased its position in shares of Watts Water Technologies by 7.0% in the fourth quarter. State Street Corp now owns 600,012 shares of the company’s stock worth $39,120,000 after buying an additional 39,018 shares during the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Watts Water Technologies, Inc. (NYSE:WTS) traded down 1.7452% on Friday, reaching $61.9005. The company had a trading volume of 29,277 shares. Watts Water Technologies, Inc. has a 12 month low of $50.72 and a 12 month high of $71.05. The company’s 50-day moving average is $64.78 and its 200 day moving average is $64.74. The firm has a market capitalization of $2.12 billion, a PE ratio of 25.3691 and a beta of 1.15.
Watts Water Technologies (NYSE:WTS) last released its earnings results on Thursday, February 9th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. The firm had revenue of $342 million for the quarter, compared to analyst estimates of $345.96 million. Watts Water Technologies had a return on equity of 12.51% and a net margin of 6.02%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. Equities analysts forecast that Watts Water Technologies, Inc. will post $2.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Thursday, March 2nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, February 28th. Watts Water Technologies’s dividend payout ratio (DPR) is currently 29.51%.
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A number of research analysts recently commented on the company. Zacks Investment Research upgraded Watts Water Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 7th. TheStreet downgraded Watts Water Technologies from a “b” rating to a “c” rating in a research note on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Watts Water Technologies has a consensus rating of “Hold” and a consensus price target of $61.40.
About Watts Water Technologies
Watts Water Technologies, Inc (Watts) is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.
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