Southeast Asset Advisors Inc. Has $523,000 Stake in Watts Water Technologies, Inc. (WTS)

Southeast Asset Advisors Inc. decreased its position in Watts Water Technologies, Inc. (NYSE:WTS) by 20.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,390 shares of the technology company’s stock after selling 2,170 shares during the period. Southeast Asset Advisors Inc.’s holdings in Watts Water Technologies were worth $523,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of Watts Water Technologies by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 7,500 shares of the technology company’s stock worth $489,000 after buying an additional 19 shares during the last quarter. State of Alaska Department of Revenue increased its position in Watts Water Technologies by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,070 shares of the technology company’s stock valued at $191,000 after buying an additional 50 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Watts Water Technologies by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the technology company’s stock valued at $705,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in Watts Water Technologies by 0.7% in the first quarter. Arizona State Retirement System now owns 14,446 shares of the technology company’s stock valued at $901,000 after buying an additional 100 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Watts Water Technologies by 8.8% in the first quarter. Bank of Montreal Can now owns 2,223 shares of the technology company’s stock valued at $138,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

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

Watts Water Technologies, Inc. (NYSE:WTS) traded down 0.24% during trading on Monday, reaching $62.70. 87,485 shares of the company’s stock traded hands. Watts Water Technologies, Inc. has a 1-year low of $54.37 and a 1-year high of $71.05. The stock has a 50-day moving average price of $63.10 and a 200 day moving average price of $63.88. The stock has a market capitalization of $2.15 billion, a P/E ratio of 24.12 and a beta of 1.05.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Thursday, May 4th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. Watts Water Technologies had a net margin of 6.40% and a return on equity of 12.75%. The company had revenue of $347.20 million for the quarter, compared to the consensus estimate of $343.79 million. During the same period in the previous year, the firm earned $0.57 EPS. Watts Water Technologies’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that Watts Water Technologies, Inc. will post $2.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Watts Water Technologies’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, May 31st. Watts Water Technologies’s payout ratio is 29.23%.

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WTS has been the subject of several research analyst reports. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Watts Water Technologies in a research note on Thursday, May 4th. Zacks Investment Research upgraded shares of Watts Water Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Watts Water Technologies in a research note on Wednesday, March 8th. They issued a “neutral” rating and a $66.00 price objective for the company. Finally, BidaskClub downgraded shares of Watts Water Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $64.50.

In other Watts Water Technologies news, insider Elie Melhem sold 1,281 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $64.42, for a total transaction of $82,522.02. Following the sale, the insider now directly owns 29,493 shares in the company, valued at approximately $1,899,939.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

About Watts Water Technologies

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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