Mayfair Advisory Group LLC Takes Position in Watts Water Technologies, Inc. $WTS

Mayfair Advisory Group LLC acquired 932 shares of Watts Water Technologies, valued at $244,000, during Q2. Institutional investors hold 95.02% of WTS stock. Analysts have mixed ratings, with a consensus target price of $264.25. WTS stock opened at $277.71, with a market cap of $9.26 billion. The company reported Q3 earnings of $2.50 per share, beating estimates. A quarterly dividend of $0.52 per share is announced, payable on December 15th. Major shareholder Timothy P. Horne sold 6,994 shares recently.

Mayfair Advisory Group LLC bought a new position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 932 shares of the technology company's stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also bought and sold shares of WTS. MTM Investment Management LLC purchased a new position in shares of Watts Water Technologies in the second quarter valued at about $25,000. Cullen Frost Bankers Inc. boosted its position in Watts Water Technologies by 156.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 131 shares of the technology company's stock valued at $32,000 after acquiring an additional 80 shares in the last quarter. Costello Asset Management INC purchased a new stake in Watts Water Technologies in the first quarter worth $33,000. Summit Securities Group LLC purchased a new stake in shares of Watts Water Technologies in the 1st quarter worth about $64,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Watts Water Technologies during the first quarter worth about $77,000. 95.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Watts Water Technologies from $287.00 to $300.00 and gave the company an "equal weight" rating in a research report on Friday, November 7th. Weiss Ratings restated a "buy (b)" rating on shares of Watts Water Technologies in a research note on Monday. Stifel Nicolaus boosted their price target on Watts Water Technologies from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Watts Water Technologies in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Watts Water Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $264.25.

Read Our Latest Stock Analysis on WTS

Watts Water Technologies Stock Down 0.0%

Shares of WTS opened at $277.71 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.59 and a quick ratio of 1.63. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 3.27 and a beta of 1.17. Watts Water Technologies, Inc. has a 1 year low of $177.59 and a 1 year high of $287.89. The business's 50 day simple moving average is $275.57 and its 200-day simple moving average is $263.51.

Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its earnings results on Wednesday, November 5th. The technology company reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.21. The firm had revenue of $611.70 million for the quarter, compared to the consensus estimate of $576.20 million. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The business's quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.03 EPS. Watts Water Technologies has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, December 1st. Watts Water Technologies's dividend payout ratio (DPR) is 21.47%.

Insider Activity at Watts Water Technologies

In related news, major shareholder Timothy P. Horne sold 6,994 shares of the business's stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $278.65, for a total transaction of $1,948,878.10. Following the completion of the transaction, the insider directly owned 23,006 shares in the company, valued at $6,410,621.90. The trade was a 23.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 15,000 shares of company stock valued at $4,128,936 in the last quarter. Corporate insiders own 1.00% of the company's stock.

About Watts Water Technologies

(Free Report)

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.

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