Advantage Alpha Capital Partners LP Has $3.58 Million Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Advantage Alpha Capital Partners LP decreased its position in Watts Water Technologies, Inc. (NYSE:WTS) by 19.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,282 shares of the technology company’s stock after selling 4,054 shares during the period. Advantage Alpha Capital Partners LP owned approximately 0.05% of Watts Water Technologies worth $3,581,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Watts Water Technologies by 1.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,050,215 shares of the technology company’s stock worth $375,948,000 after acquiring an additional 29,473 shares in the last quarter. Mirova US LLC lifted its holdings in shares of Watts Water Technologies by 2.2% during the 2nd quarter. Mirova US LLC now owns 715,674 shares of the technology company’s stock valued at $131,233,000 after purchasing an additional 15,462 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Watts Water Technologies by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,538 shares of the technology company’s stock valued at $107,738,000 after purchasing an additional 6,742 shares during the period. Boston Trust Walden Corp increased its stake in Watts Water Technologies by 60.3% during the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock worth $107,778,000 after purchasing an additional 195,778 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Watts Water Technologies by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,378 shares of the technology company’s stock worth $71,924,000 after buying an additional 1,049 shares during the period. Institutional investors own 95.02% of the company’s stock.

Analyst Ratings Changes

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

Watts Water Technologies Price Performance

Shares of NYSE WTS opened at $218.61 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. The business has a 50-day moving average of $205.19 and a 200-day moving average of $197.68. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 3.07 and a beta of 0.90. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $221.19.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.83 million. During the same period last year, the company earned $2.04 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Watts Water Technologies, Inc. will post 8.75 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, November 29th. Watts Water Technologies’s dividend payout ratio is currently 20.62%.

Insider Activity

In other Watts Water Technologies news, CFO Shashank Patel sold 4,569 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.10, for a total transaction of $955,377.90. Following the completion of the sale, the chief financial officer now owns 15,635 shares of the company’s stock, valued at $3,269,278.50. This trade represents a 22.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert J. Pagano, Jr. sold 20,810 shares of Watts Water Technologies stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $212.20, for a total transaction of $4,415,882.00. Following the transaction, the chief executive officer now directly owns 176,045 shares of the company’s stock, valued at approximately $37,356,749. This trade represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,974 shares of company stock valued at $6,924,594 in the last quarter. Company insiders own 1.10% of the company’s stock.

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.