Gamco Investors, Inc. Et Al
recently disclosed that they own 6.7% of Watts Water Technologies, Inc. (NYSE:WTS) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Friday, November 24th. The investor owns 1,858,429 shares of the stock valued at $134,736,103. The reporting parties listed on the disclosure included Gabelli Funds, LLC ID No 134044523, GAMCO Asset Management Inc ID No 134044521, GGCP, Inc ID No 133056041, Associated Capital Group, Inc ID No 473965991, GAMCO Investors, Inc ID No 134007862 and Mario J Gabelli. The disclosure is available through EDGAR at this link.
In other Watts Water Technologies news, insider Elie Melhem sold 2,545 shares of Watts Water Technologies stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total transaction of $179,371.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by company insiders.
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Watts Water Technologies, Inc. (WTS) traded down $0.60 during trading on Friday, hitting $72.50. 72,000 shares of the company’s stock traded hands, compared to its average volume of 127,886. Watts Water Technologies, Inc. has a 1 year low of $59.15 and a 1 year high of $73.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. The company has a market cap of $2,475.73, a PE ratio of 24.83, a P/E/G ratio of 2.01 and a beta of 1.12.
Watts Water Technologies (NYSE:WTS) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.03. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The firm had revenue of $347.70 million for the quarter, compared to analysts’ expectations of $361.22 million. During the same quarter last year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. sell-side analysts expect that Watts Water Technologies, Inc. will post 3.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.76 annualized dividend and a dividend yield of 1.05%. Watts Water Technologies’s dividend payout ratio is currently 28.15%.
Several brokerages recently weighed in on WTS. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a research report on Monday. Cowen Inc reissued a “hold” rating and set a $58.00 target price on shares of Watts Water Technologies in a research report on Thursday, September 28th. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Tuesday, October 3rd. Robert W. Baird lifted their target price on shares of Watts Water Technologies from $71.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.83.
Watts Water Technologies Company 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.
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