Alpha Windward LLC trimmed its position in shares of Watts Water Technologies Inc (NYSE:WTS) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,880 shares of the technology company’s stock after selling 600 shares during the period. Alpha Windward LLC’s holdings in Watts Water Technologies were worth $475,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Watts Water Technologies by 70.0% during the 4th quarter. FMR LLC now owns 425 shares of the technology company’s stock worth $27,000 after buying an additional 175 shares during the last quarter. We Are One Seven LLC acquired a new stake in shares of Watts Water Technologies during the 4th quarter worth $32,000. Quantamental Technologies LLC acquired a new stake in shares of Watts Water Technologies during the 4th quarter worth $52,000. Clean Yield Group acquired a new stake in shares of Watts Water Technologies during the 4th quarter worth $88,000. Finally, Whittier Trust Co. acquired a new stake in shares of Watts Water Technologies during the 4th quarter worth $90,000. Institutional investors and hedge funds own 77.56% of the company’s stock.
In related news, insider Elie Melhem sold 2,681 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $80.77, for a total value of $216,544.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Munish Nanda sold 11,059 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $79.32, for a total value of $877,199.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,055 shares of company stock valued at $5,707,415. 0.75% of the stock is owned by insiders.
Shares of NYSE WTS opened at $84.70 on Wednesday. Watts Water Technologies Inc has a 12-month low of $61.17 and a 12-month high of $93.35. The firm has a market capitalization of $2.85 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.25.
Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Thursday, February 7th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. Watts Water Technologies had a return on equity of 14.71% and a net margin of 7.97%. The firm had revenue of $387.60 million during the quarter, compared to the consensus estimate of $382.33 million. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts forecast that Watts Water Technologies Inc will post 4.07 earnings per share for the current year.
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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. 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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