Future Fund LLC Has $2.07 Million Stake in Watts Water Technologies, Inc. $WTS

Future Fund LLC grew its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 40.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,485 shares of the technology company’s stock after purchasing an additional 2,142 shares during the period. Future Fund LLC’s holdings in Watts Water Technologies were worth $2,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WTS. Cartenna Capital LP acquired a new stake in Watts Water Technologies in the 3rd quarter worth $47,478,000. AQR Capital Management LLC grew its position in Watts Water Technologies by 148.3% in the 2nd quarter. AQR Capital Management LLC now owns 277,669 shares of the technology company’s stock worth $68,276,000 after purchasing an additional 165,837 shares during the last quarter. UBS Group AG grew its position in Watts Water Technologies by 223.0% in the 3rd quarter. UBS Group AG now owns 202,250 shares of the technology company’s stock worth $56,484,000 after purchasing an additional 139,637 shares during the last quarter. Invesco Ltd. grew its position in Watts Water Technologies by 34.4% in the 3rd quarter. Invesco Ltd. now owns 469,508 shares of the technology company’s stock worth $131,124,000 after purchasing an additional 120,090 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of Watts Water Technologies by 2,609.4% during the 4th quarter. M&T Bank Corp now owns 81,743 shares of the technology company’s stock valued at $22,563,000 after acquiring an additional 78,726 shares in the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, Director Michael J. Dubose sold 398 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $309.63, for a total value of $123,232.74. Following the completion of the transaction, the director directly owned 1,814 shares of the company’s stock, valued at approximately $561,668.82. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Elie Melhem sold 2,257 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $301.00, for a total transaction of $679,357.00. Following the completion of the transaction, the insider directly owned 8,963 shares of the company’s stock, valued at approximately $2,697,863. This represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,738 shares of company stock valued at $1,125,138. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings cut shares of Watts Water Technologies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Barclays lowered their target price on shares of Watts Water Technologies from $323.00 to $317.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Stifel Nicolaus set a $379.00 target price on shares of Watts Water Technologies in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $358.00 target price on shares of Watts Water Technologies in a research note on Friday, May 8th. Finally, Robert W. Baird set a $330.00 target price on shares of Watts Water Technologies in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $329.44.

Watts Water Technologies Price Performance

NYSE:WTS opened at $308.62 on Friday. The firm has a market cap of $10.30 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. Watts Water Technologies, Inc. has a 12 month low of $237.15 and a 12 month high of $345.17. The company has a quick ratio of 1.62, a current ratio of 2.72 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $298.47 and its two-hundred day moving average price is $295.57.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.32. The firm had revenue of $677.30 million for the quarter, compared to analyst estimates of $638.13 million. Watts Water Technologies had a net margin of 14.32% and a return on equity of 18.92%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.37 earnings per share. On average, equities analysts anticipate that Watts Water Technologies, Inc. will post 11.9 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.8%. Watts Water Technologies’s payout ratio is currently 19.03%.

Watts Water Technologies Profile

Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.

The company’s product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.