Healthcare of Ontario Pension Plan Trust Fund Has $4.14 Million Position in Watts Water Technologies, Inc. (NYSE:WTS)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the technology company’s stock after purchasing an additional 600 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Watts Water Technologies were worth $4,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Andina Capital Management LLC increased its holdings in Watts Water Technologies by 3.3% during the 3rd quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock valued at $342,000 after purchasing an additional 52 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of Watts Water Technologies by 2.5% during the third quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company’s stock worth $517,000 after purchasing an additional 60 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Watts Water Technologies by 1.3% in the third quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock valued at $1,085,000 after buying an additional 65 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Watts Water Technologies by 3.8% in the third quarter. Inspire Investing LLC now owns 2,043 shares of the technology company’s stock valued at $423,000 after buying an additional 75 shares during the last quarter. Finally, Banco Santander S.A. lifted its position in Watts Water Technologies by 1.2% during the 2nd quarter. Banco Santander S.A. now owns 6,424 shares of the technology company’s stock worth $1,178,000 after buying an additional 76 shares in the last quarter. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Trading Up 0.5 %

Shares of NYSE WTS opened at $215.79 on Friday. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $221.19. The firm has a market capitalization of $7.19 billion, a P/E ratio of 25.87, a P/E/G ratio of 3.07 and a beta of 0.90. 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 company’s 50 day simple moving average is $206.20 and its 200 day simple moving average is $197.82.

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. The company had revenue of $543.60 million for the quarter, compared to the consensus estimate of $541.83 million. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.04 EPS. On average, analysts predict that Watts Water Technologies, Inc. will post 8.75 EPS for the current year.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.43 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.80%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 20.62%.

Analyst Ratings Changes

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

Insider Activity at Watts Water Technologies

In related news, General Counsel Kenneth Robert Lepage sold 2,607 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.72, for a total value of $554,561.04. Following the completion of the sale, the general counsel now owns 11,457 shares in the company, valued at $2,437,133.04. This represents a 18.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert J. Pagano, Jr. sold 20,810 shares of Watts Water Technologies stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $212.20, for a total value of $4,415,882.00. Following the transaction, the chief executive officer now owns 176,045 shares in the company, valued at approximately $37,356,749. This represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,974 shares of company stock worth $6,924,594 in the last ninety days. 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.