Nordea Investment Management AB Acquires 3,236 Shares of Watts Water Technologies, Inc. (WTS)

Nordea Investment Management AB grew its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 10.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,858 shares of the technology company’s stock after purchasing an additional 3,236 shares during the quarter. Nordea Investment Management AB owned approximately 0.10% of Watts Water Technologies worth $2,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Watts Water Technologies by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,898 shares of the technology company’s stock worth $60,286,000 after purchasing an additional 30,001 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Watts Water Technologies by 29.0% during the 3rd quarter. Victory Capital Management Inc. now owns 771,208 shares of the technology company’s stock worth $53,367,000 after purchasing an additional 173,225 shares during the last quarter. Voya Investment Management LLC boosted its stake in Watts Water Technologies by 9.8% during the 2nd quarter. Voya Investment Management LLC now owns 759,287 shares of the technology company’s stock worth $47,987,000 after purchasing an additional 67,767 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Watts Water Technologies by 5.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 719,108 shares of the technology company’s stock worth $45,448,000 after purchasing an additional 36,723 shares during the last quarter. Finally, State Street Corp boosted its stake in Watts Water Technologies by 4.2% during the 2nd quarter. State Street Corp now owns 682,465 shares of the technology company’s stock worth $43,131,000 after purchasing an additional 27,713 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors.

In other news, insider Elie Melhem sold 2,545 shares of Watts Water Technologies stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.48, for a total transaction of $179,371.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

Watts Water Technologies, Inc. (NYSE WTS) traded down $1.05 during midday trading on Wednesday, hitting $73.15. The stock had a trading volume of 89,600 shares, compared to its average volume of 127,459. Watts Water Technologies, Inc. has a fifty-two week low of $59.15 and a fifty-two week high of $75.28. 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 stock has a market cap of $2,533.78, a price-to-earnings ratio of 25.41, a PEG ratio of 2.06 and a beta of 1.15.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The business had revenue of $347.70 million for the quarter, compared to analyst estimates of $361.22 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. equities research analysts expect that Watts Water Technologies, Inc. will post 3.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued 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 1.04%. Watts Water Technologies’s dividend payout ratio is presently 28.15%.

Several brokerages have issued reports on WTS. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a research note on Monday, November 20th. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Monday, September 18th. Cowen reaffirmed a “hold” rating and set a $58.00 target price on shares of Watts Water Technologies in a research note on Thursday, September 28th. 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 note on Friday, November 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Watts Water Technologies currently has an average rating of “Hold” and a consensus price target of $72.83.

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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.

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

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