Parametrica Management Ltd Acquires New Stake in Watts Water Technologies, Inc. (WTS)

Parametrica Management Ltd acquired a new position in Watts Water Technologies, Inc. (NYSE:WTS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,366 shares of the technology company’s stock, valued at approximately $302,000.

Other institutional investors also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its position in Watts Water Technologies by 44.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock worth $109,000 after purchasing an additional 532 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Watts Water Technologies by 157.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock worth $114,000 after purchasing an additional 1,100 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Watts Water Technologies by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after purchasing an additional 17 shares in the last quarter. Bruderman Asset Management LLC purchased a new stake in Watts Water Technologies in the 2nd quarter worth approximately $130,000. Finally, Quantbot Technologies LP boosted its position in Watts Water Technologies by 823.9% in the 2nd quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock worth $144,000 after purchasing an additional 2,035 shares in the last quarter. Institutional investors and hedge funds own 77.62% of the company’s stock.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.03. Watts Water Technologies had a return on equity of 13.19% and a net margin of 6.49%. The firm had revenue of $347.70 million for the quarter, compared to analyst estimates of $361.22 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. Watts Water Technologies’s quarterly revenue was up 1.9% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, November 30th. Watts Water Technologies’s dividend payout ratio is presently 28.15%.

In related news, insider Elie Melhem sold 3,306 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $62.11, for a total transaction of $205,335.66. Following the transaction, the insider now owns 32,128 shares of the company’s stock, valued at $1,995,470.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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WTS has been the topic of a number of recent analyst reports. Boenning Scattergood reiterated an “outperform” rating on shares of Watts Water Technologies in a research report on Tuesday, September 5th. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Monday, September 18th. Zacks Investment Research lowered Watts Water Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub lowered Watts Water Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Finally, Cowen and Company reiterated a “hold” rating and set a $58.00 target price on shares of Watts Water Technologies in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $70.83.

Watts Water Technologies Profile

Watts Water Technologies, Inc 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.

Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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