Kenneth Robert Lepage Sells 2,607 Shares of Watts Water Technologies, Inc. (NYSE:WTS) Stock

Watts Water Technologies, Inc. (NYSE:WTS) General Counsel Kenneth Robert Lepage sold 2,607 shares of Watts Water Technologies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $212.72, for a total transaction of $554,561.04. Following the sale, the general counsel now owns 11,457 shares of the company’s stock, valued at approximately $2,437,133.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kenneth Robert Lepage also recently made the following trade(s):

• On Monday, November 4th, Kenneth Robert Lepage sold 3,429 shares of Watts Water Technologies stock. The shares were sold at an average price of $194.65, for a total transaction of $667,454.85.

Watts Water Technologies Stock Up 0.7 %

NYSE:WTS opened at $208.59 on Friday. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $219.52. The stock has a 50-day moving average price of $201.10 and a two-hundred day moving average price of $197.32. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 3.04 and a beta of 0.90. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.04. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The business had revenue of $543.60 million for the quarter, compared to analysts’ expectations of $541.83 million. During the same quarter in the previous year, the business posted $2.04 EPS. Watts Water Technologies’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Watts Water Technologies, Inc. will post 8.72 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, November 29th. Watts Water Technologies’s dividend payout ratio is 20.62%.

Analyst Ratings Changes

A number of research firms have recently weighed in on WTS. StockNews.com raised Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Robert W. Baird reduced their target price on Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a research note on Monday, November 4th. Finally, Stifel Nicolaus reduced their price objective on shares of Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Watts Water Technologies has an average rating of “Hold” and a consensus price target of $200.25.

Institutional Investors Weigh In On Watts Water Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. acquired a new position in Watts Water Technologies in the 3rd quarter worth $302,000. Intech Investment Management LLC bought a new stake in shares of Watts Water Technologies in the third quarter valued at about $1,068,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Watts Water Technologies by 28.2% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 96,428 shares of the technology company’s stock worth $19,979,000 after buying an additional 21,214 shares during the period. King Luther Capital Management Corp grew its holdings in shares of Watts Water Technologies by 0.5% during the third quarter. King Luther Capital Management Corp now owns 18,816 shares of the technology company’s stock worth $3,898,000 after buying an additional 92 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in Watts Water Technologies by 24.4% in the 3rd quarter. Banque Cantonale Vaudoise now owns 5,879 shares of the technology company’s stock valued at $1,218,000 after acquiring an additional 1,154 shares in the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.