Trexquant Investment LP acquired a new position in shares of Watts Water Technologies, Inc. (NYSE:WTS) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,046 shares of the technology company’s stock, valued at approximately $349,000.

Several other institutional investors have also recently bought and sold shares of WTS. Riverhead Capital Management LLC lifted its holdings in shares of Watts Water Technologies by 44.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock valued at $109,000 after purchasing an additional 532 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of Watts Water Technologies by 157.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock valued at $114,000 after purchasing an additional 1,100 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Watts Water Technologies by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock valued at $129,000 after purchasing an additional 17 shares during the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of Watts Water Technologies in the 2nd quarter valued at about $130,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Watts Water Technologies by 823.9% in the 2nd quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock valued at $144,000 after purchasing an additional 2,035 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on WTS. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a research note on Monday, November 20th. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, September 18th. Cowen reaffirmed a “hold” rating and set a $58.00 price objective on shares of Watts Water Technologies in a research note on Thursday, September 28th. Robert W. Baird upped their price objective on Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $72.83.

In other news, insider Elie Melhem sold 2,545 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $70.48, for a total transaction of $179,371.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Watts Water Technologies, Inc. (NYSE:WTS) traded up $0.45 on Tuesday, reaching $74.20. The company’s stock had a trading volume of 75,600 shares, compared to its average volume of 127,621. The company has a current ratio of 2.57, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2,518.42, a P/E ratio of 25.26, a PEG ratio of 2.04 and a beta of 1.15. Watts Water Technologies, Inc. has a 12-month low of $59.15 and a 12-month high of $75.28.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.03. The firm had revenue of $347.70 million during the quarter, compared to the consensus estimate of $361.22 million. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. analysts predict that Watts Water Technologies, Inc. will post 3.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, November 30th. Watts Water Technologies’s dividend payout ratio (DPR) is 28.15%.

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Watts Water Technologies Profile

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.

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

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