The company sold 1,735 of its shares in a deal that took place on Wednesday, 10th May. The shares were bought at an average of $168.06 for a value of $291.584.10. After the completion of this transaction, the insider owns 17,890 of the company's shares, worth approximately $3,006,593.40. The SEC website
Watts Water Technologies Price Performance
Trading hours were held on Thursday and the stock price dropped $1.96 to $165.97. 85,954 of the shares were traded, compared with its average volume, which is 131,073. Watts Water Technologies, Inc.'s 52-week low is $116.31, and its 52-week highest is $181.40. The fifty-day moving average is $163.98, and the 200-day moving average is $158.82. The company's current ratio is 2.56 and its quick ratio is 1.55. Its debt-to equity ratio is 0.11. The last time ) released its quarterly earnings was on May 3rd. The company posted $1.92 per share for the quarter. This was $0.29 higher than the consensus estimate of the $1.63. Revenue for the quarter was $471.70 millions, which is lower than analyst expectations of $473.29. Watts Water Technologies' return on equity was 19.77%, and its net margin was 13.16%. Watts Water Technologies quarterly revenue increased 1.8% year-over-year. In the same quarter last year, the company earned $1.63 in earnings per share. Analysts at equities firms expect Watts Water Technologies, Inc. to post 7.16 EPS in the current fiscal period.
Watts Water Technologies Dividend Increases
A quarterly dividend was also declared by the business, and will be paid out on Thursday 15th June. Dividends will be paid to stockholders who were in the books on Thursday, 1st June. The ex-dividend day is Wednesday, May 31, 2018. The $0.30 quarterly dividend paid by Watts Water Technologies is now a $1.44 annualized dividend. The annualized dividend is $1.44, with a dividend yield 0.87%. Watts Water Technologies has a dividend payout ratio of 15.38%.
Analyst Upgrades and downgrades
Recently, several equity analysts published reports on the company. In a report published on Thursday, April 27, Watts Water Technologies was downgraded from a "strong-buy" rating to a "buy". TD Cowen raised their price target for Watts Water Technologies to $130.00 in a report published on Wednesday, 4th April. The stock was given a market perform' rating. Stifel Nicolaus raised their price target for Watts Water Technologies in a report published on Friday, January 20, from $145.00 down to $146.00. The stock was given a 'hold rating'. In a Monday report, Deutsche Bank Aktiengesellschaft raised their price target for Watts Water Technologies. It went from $174.00 up to $175.00. Six equity research analysts have given the stock a hold ranking and one analyst has given the company a buy rating. According to MarketBeat's data, Watts Water Technologies has an average rating 'Hold' with an average price target of $148.57.
Watts Water Technologies attracts institutional investors
Several large investors recently changed their stock positions. Covestor Ltd increased its stake in Watts Water Technologies in the first quarter by 80.4%. Covestor Ltd owns 184 of the stock of the technology firm, worth $26,000. This is after adding 82 additional shares. Belpointe Asset Management LLC acquired a new stake in Watts Water Technologies during the fourth quarter, valued at approximately $27,000. Fifth Third Bancorp increased its stake in Watts Water Technologies in the first quarter by 141.1%. Fifth Third Bancorp owns 176 of the stock of the technology firm, worth $30,000, after purchasing an additional 103 share during the period. Eagle Bay Advisors LLC acquired a new stake in Watts Water Technologies during the second quarter, valued at approximately $32,000. Quadrant Capital Group, LLC increased its stake in Watts Water Technologies in the third-quarter by 256.3%. Quadrant Capital LLC owns 310 of the stock in the technology company, worth $39,000. It acquired an additional 223 during the period. 74.85% is owned by hedge fund and institutional investors.
Watts Water Technologies
Watts Water Technologies, Inc manufactures and provides products for water conservation, flow control, and safety. It has three geographical segments: Americas and Europe. Middle East and Africa, Asia-Pacific and Asia-Pacific. Services include plumbing solutions, water treatment and filtration, drainage and reuse of water, heating, ventilation and air conditioning and municipal waterworks.
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