Bank of Montreal Can lessened its holdings in shares of Watts Water Technologies Inc (NYSE:WTS) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 25,773 shares of the technology company’s stock after selling 2,283 shares during the period. Bank of Montreal Can’s holdings in Watts Water Technologies were worth $1,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in Watts Water Technologies by 0.8% during 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 period. Ballentine Partners LLC bought a new stake in Watts Water Technologies during the 3rd quarter valued at approximately $200,000. Suntrust Banks Inc. raised its stake in Watts Water Technologies by 1.0% during the 2nd quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock valued at $207,000 after purchasing an additional 31 shares during the period. Balyasny Asset Management LLC bought a new stake in Watts Water Technologies during the 2nd quarter valued at approximately $215,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Watts Water Technologies during the 3rd quarter valued at approximately $251,000. 78.21% of the stock is currently owned by institutional investors.

WTS has been the topic of several recent analyst reports. Boenning Scattergood reissued a “buy” rating on shares of Watts Water Technologies in a research note on Thursday, November 2nd. Robert W. Baird lifted their target price 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Watts Water Technologies in a research note on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $78.17.

Shares of Watts Water Technologies Inc (NYSE:WTS) opened at $74.00 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 2.57 and a debt-to-equity ratio of 0.60. Watts Water Technologies Inc has a 12 month low of $59.15 and a 12 month high of $82.35. The stock has a market capitalization of $2,485.97, a P/E ratio of 27.41, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The business had revenue of $366.30 million for the quarter, compared to the consensus estimate of $365.35 million. During the same quarter in the previous year, the company posted $0.64 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. sell-side analysts expect that Watts Water Technologies Inc will post 3.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, March 1st. Watts Water Technologies’s payout ratio is 28.15%.

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 11,852 shares of Watts Water Technologies stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $73.53, for a total value of $871,477.56. Following the sale, the chief executive officer now owns 137,474 shares of the company’s stock, valued at approximately $10,108,463.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert J. Pagano, Jr. sold 3,951 shares of Watts Water Technologies stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $73.09, for a total value of $288,778.59. Following the completion of the sale, the chief executive officer now directly owns 137,474 shares in the company, valued at approximately $10,047,974.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,348 shares of company stock worth $1,339,628. Corporate insiders own 1.10% of the company’s stock.

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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.

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

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