Watts Water Technologies Inc (WTS) Insider Robert J. Pagano, Jr. Sells 16,248 Shares of Stock

Watts Water Technologies Inc (NYSE:WTS) insider Robert J. Pagano, Jr. sold 16,248 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $76.89, for a total transaction of $1,249,308.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Watts Water Technologies Inc (WTS) traded up $0.15 during trading hours on Friday, reaching $78.00. 47,070 shares of the company were exchanged, compared to its average volume of 122,082. Watts Water Technologies Inc has a 1 year low of $59.15 and a 1 year high of $82.35. The company has a current ratio of 2.39, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2,625.93, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Watts Water Technologies had a net margin of 5.02% and a return on equity of 12.93%. The firm had revenue of $366.30 million for the quarter, compared to analyst estimates of $365.35 million. During the same period last year, the firm posted $0.64 EPS. Watts Water Technologies’s quarterly revenue was up 7.1% on a year-over-year basis. equities research analysts anticipate that Watts Water Technologies Inc will post 3.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a $0.19 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.76 dividend on an annualized basis and a yield of 0.97%. Watts Water Technologies’s dividend payout ratio (DPR) is 35.85%.

Large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its position in Watts Water Technologies by 4.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 185,077 shares of the technology company’s stock valued at $12,808,000 after buying an additional 7,582 shares during the last quarter. OxFORD Asset Management LLP grew its position in Watts Water Technologies by 18.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 41,871 shares of the technology company’s stock valued at $2,903,000 after buying an additional 6,526 shares during the last quarter. Wells Fargo & Company MN grew its position in Watts Water Technologies by 37.5% in the 3rd quarter. Wells Fargo & Company MN now owns 41,400 shares of the technology company’s stock valued at $2,864,000 after buying an additional 11,289 shares during the last quarter. Guyasuta Investment Advisors Inc. grew its position in Watts Water Technologies by 10.6% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 20,800 shares of the technology company’s stock valued at $1,439,000 after buying an additional 2,000 shares during the last quarter. Finally, Palisade Capital Management LLC NJ grew its position in Watts Water Technologies by 10.5% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 201,205 shares of the technology company’s stock valued at $13,923,000 after buying an additional 19,179 shares during the last quarter. Hedge funds and other institutional investors own 77.18% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Monday, January 22nd. Northcoast Research set a $90.00 target price on shares of Watts Water Technologies and gave the stock a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus restated a “buy” rating and set a $95.00 target price (up from $85.00) on shares of Watts Water Technologies in a research report on Tuesday, January 16th. Robert W. Baird restated a “hold” rating and set a $80.00 target price on shares of Watts Water Technologies in a research report on Wednesday, February 14th. Finally, TheStreet lowered shares of Watts Water Technologies from a “b+” rating to a “c+” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Watts Water Technologies has a consensus rating of “Hold” and an average price target of $78.00.

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About Watts Water Technologies

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.

Insider Buying and Selling by Quarter for Watts Water Technologies (NYSE:WTS)

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