Watts Water Technologies Inc (WTS) Shares Sold by Alpha Windward LLC

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.

A number of analysts have recently commented on WTS shares. Oppenheimer restated a “hold” rating on shares of Watts Water Technologies in a report on Monday, February 11th. Janney Montgomery Scott downgraded Watts Water Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $81.00 to $83.00 in a report on Monday, February 11th. Finally, Stifel Nicolaus increased their price target on Watts Water Technologies from $88.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $89.50.

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.

ILLEGAL ACTIVITY WARNING: “Watts Water Technologies Inc (WTS) Shares Sold by Alpha Windward LLC” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.com-unik.info/2019/04/17/watts-water-technologies-inc-wts-shares-sold-by-alpha-windward-llc.html.

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.

Read More: What is required to own or exchange cryptocurrency?

Want to see what other hedge funds are holding WTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watts Water Technologies Inc (NYSE:WTS).

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

Receive News & Ratings for Watts Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit