Jump Financial LLC Invests $307,000 in Watts Water Technologies, Inc. (NYSE:WTS)

Jump Financial LLC acquired a new stake in Watts Water Technologies, Inc. (NYSE:WTS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,475 shares of the technology company’s stock, valued at approximately $307,000.

Other hedge funds have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in shares of Watts Water Technologies in the fourth quarter worth about $26,000. Allworth Financial LP raised its holdings in Watts Water Technologies by 47.5% during the 4th quarter. Allworth Financial LP now owns 174 shares of the technology company’s stock worth $36,000 after buying an additional 56 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in Watts Water Technologies in the fourth quarter valued at approximately $39,000. Headinvest LLC acquired a new position in shares of Watts Water Technologies in the third quarter valued at approximately $41,000. Finally, AdvisorNet Financial Inc increased its position in shares of Watts Water Technologies by 2,857.1% during the fourth quarter. AdvisorNet Financial Inc now owns 207 shares of the technology company’s stock worth $43,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Robert W. Baird boosted their price target on Watts Water Technologies from $212.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Watts Water Technologies currently has an average rating of “Hold” and a consensus price target of $199.50.

Insider Activity

In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 2,194 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $214.39, for a total transaction of $470,371.66. Following the sale, the insider now directly owns 2,806 shares of the company’s stock, valued at $601,578.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 2,194 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $214.39, for a total transaction of $470,371.66. Following the transaction, the insider now owns 2,806 shares of the company’s stock, valued at $601,578.34. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Timothy P. Horne sold 764 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $199.00, for a total value of $152,036.00. Following the completion of the sale, the insider now directly owns 14,236 shares of the company’s stock, valued at $2,832,964. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,037 shares of company stock valued at $1,695,997. 1.10% of the stock is owned by insiders.

Watts Water Technologies Stock Performance

Shares of WTS opened at $208.50 on Friday. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 3.06 and a beta of 0.95. Watts Water Technologies, Inc. has a 12 month low of $156.85 and a 12 month high of $219.52. The firm has a fifty day simple moving average of $207.29 and a 200 day simple moving average of $202.81. The company has a current ratio of 2.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.22. The company had revenue of $570.90 million during the quarter, compared to the consensus estimate of $547.20 million. Watts Water Technologies had a net margin of 12.53% and a return on equity of 19.61%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS. Research analysts forecast that Watts Water Technologies, Inc. will post 8.57 EPS for the current fiscal year.

Watts Water Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, May 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Watts Water Technologies’s previous quarterly dividend of $0.36. Watts Water Technologies’s dividend payout ratio is currently 17.87%.

Watts Water Technologies Company Profile

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.