State of Alaska Department of Revenue cut its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,349 shares of the technology company’s stock after selling 4,334 shares during the period. State of Alaska Department of Revenue owned 0.06% of Watts Water Technologies worth $2,598,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors acquired a new stake in Watts Water Technologies during the 2nd quarter valued at approximately $28,000. Nisa Investment Advisors LLC purchased a new stake in shares of Watts Water Technologies during the third quarter worth $55,000. FMR LLC grew its holdings in shares of Watts Water Technologies by 14.8% during the second quarter. FMR LLC now owns 922 shares of the technology company’s stock worth $75,000 after buying an additional 119 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Watts Water Technologies during the second quarter worth $90,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Watts Water Technologies during the 2nd quarter valued at about $139,000. Institutional investors and hedge funds own 75.03% of the company’s stock.
In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 50,000 shares of the business’s stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $116.13, for a total transaction of $5,806,500.00. Also, CEO Robert J. Pagano, Jr. sold 18,758 shares of the business’s stock in a transaction on Friday, January 8th. The shares were sold at an average price of $125.62, for a total transaction of $2,356,379.96. Following the sale, the chief executive officer now owns 153,417 shares of the company’s stock, valued at approximately $19,272,243.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,951 shares of company stock valued at $10,959,371. Insiders own 1.10% of the company’s stock.
WTS opened at $128.74 on Thursday. Watts Water Technologies, Inc. has a one year low of $69.02 and a one year high of $129.59. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 4.03 and a beta of 0.93. The business’s fifty day moving average is $120.05 and its two-hundred day moving average is $103.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 2.39.
Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, November 4th. The technology company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.16. The firm had revenue of $383.90 million during the quarter, compared to analyst estimates of $363.25 million. Watts Water Technologies had a return on equity of 13.15% and a net margin of 7.67%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. On average, analysts predict that Watts Water Technologies, Inc. will post 3.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, November 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.71%. Watts Water Technologies’s dividend payout ratio (DPR) is currently 22.60%.
Watts Water Technologies 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 in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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