Insider Selling: Watts Water Technologies Inc (WTS) General Counsel Sells 10,115 Shares of Stock

Watts Water Technologies Inc (NYSE:WTS) General Counsel Kenneth Robert Lepage sold 10,115 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $86.07, for a total transaction of $870,598.05. Following the completion of the sale, the general counsel now owns 39,966 shares of the company’s stock, valued at approximately $3,439,873.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kenneth Robert Lepage also recently made the following trade(s):

  • On Thursday, July 26th, Kenneth Robert Lepage sold 6,201 shares of Watts Water Technologies stock. The stock was sold at an average price of $85.00, for a total transaction of $527,085.00.
  • On Friday, July 20th, Kenneth Robert Lepage sold 15,476 shares of Watts Water Technologies stock. The stock was sold at an average price of $7,420.42, for a total transaction of $114,838,419.92.

Shares of Watts Water Technologies opened at $84.05 on Friday, according to Marketbeat Ratings. The company has a quick ratio of 1.38, a current ratio of 2.29 and a debt-to-equity ratio of 0.45. Watts Water Technologies Inc has a 52 week low of $59.15 and a 52 week high of $93.35. The stock has a market capitalization of $2.93 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.94 and a beta of 1.05.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Watts Water Technologies had a net margin of 5.83% and a return on equity of 13.88%. The firm had revenue of $407.90 million during the quarter, compared to analysts’ expectations of $403.60 million. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. research analysts anticipate that Watts Water Technologies Inc will post 3.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, August 30th. Watts Water Technologies’s dividend payout ratio (DPR) is 27.81%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of Watts Water Technologies in the first quarter valued at about $170,000. CIBC Asset Management Inc acquired a new stake in shares of Watts Water Technologies in the first quarter valued at about $203,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Watts Water Technologies in the second quarter valued at about $212,000. Evergreen Capital Management LLC acquired a new stake in shares of Watts Water Technologies in the first quarter valued at about $219,000. Finally, Hartford Investment Management Co. acquired a new stake in shares of Watts Water Technologies in the second quarter valued at about $222,000. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Several analysts have recently commented on WTS shares. Northcoast Research restated a “buy” rating and issued a $105.00 target price on shares of Watts Water Technologies in a research note on Friday, August 3rd. Stifel Nicolaus raised their target price on shares of Watts Water Technologies from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Saturday, July 7th. ValuEngine upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th. Finally, Oppenheimer restated a “hold” rating on shares of Watts Water Technologies in a research note on Thursday, May 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Watts Water Technologies has a consensus rating of “Hold” and a consensus target price of $85.33.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

Featured Article: Why Dividend Stocks May Be Right for You

Insider Buying and Selling by Quarter for Watts Water Technologies (NYSE:WTS)

Receive News & Ratings for Watts Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply