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John G Ullman & Associates Inc. narrowed its position in Watts Water Technologies Inc. (NYSE: WTS) by 2.6% in the second quarter According to its most recent filing with the Securities & Exchange Commission, the company held 108,728 shares in the technology company after selling 2,850 shares during the period, which represents 1.6% of the portfolio of John G Ullman & Associates Inc. The John G Ullman Company & Associates Inc. owned approximately 0.32% of Watts Water Technologies for $ 8,524,000 at the end of the last quarter.
Other hedge funds have recently changed their positions in the DekaBank company Deutsche Girozentrale has acquired a new position in the shares of Watts Water Technologies in the 1st quarter worth $ 170,000 and management of CIBC Assets acquired a new position in Watts Water Technologies shares in Q1 valued at $ 203,000. Evergreen Capital Management LLC has acquired a new position in Watts Water Technologies shares in the 1st quarter valued at $ 219,000. Hartford Investment Management Co. has acquired a new position in Watts Water Technologies shares in the 2nd quarter worth $ 222,000. Finally, Xact Kapitalforvaltning AB acquired a new equity position of Watts Water Technologies in the 4th quarter valued at $ 224,000. 75.96% of the stock is held by institutional investors.
NYSE WTS fell $ 1.05 on Monday to $ 82.95. The company had a trading volume of 1,166 shares, compared to its average volume of 96,817. The company has a market capitalization of $ 2.87 billion, a PE ratio of 27.60, a PEG ratio of 1.90 and a beta of 1.10. The company has a ratio of 2.40, a ratio of 1.47 and a debt ratio of 0.50. Watts Water Technologies Inc has its lowest in one year of $ 59.15 and a 1 year high of $ 84.60.
Watts Water Technologies (NYSE: WTS) has announced its financial results for the last time on Thursday, May 3rd. The technology company reported earnings per share of $ 0.82 for the quarter, exceeding $ 0.73 Zack's consensus estimate of $ 0.79. The company achieved a turnover of $ 378.50 million during the quarter, compared with $ 365.01 million for badysts. Watts Water Technologies recorded a net margin of 5.35% and a return on equity of 13.26%. The company's sales figure for the quarter is up 9.0% over the same quarter of last year. During the same period last year, the company earned $ 0.65 per share. Stock research badysts predict that Watts Water Technologies Inc. will post 3.68 EPS for the current year.
In addition, Elie Melhem, an insider, sold 3,449 shares of the company on Wednesday, May 16. The shares were sold at an average price of $ 77.11, for a total value of $ 265,952.39. As a result of the closing of the transaction, the insider now directly owns 27,519 shares of the Company, valued at approximately $ 2,121,990.09. The sale was disclosed in a document filed with the SEC, which is available on the SEC's website. 1.10% of the stock is currently held by insiders.
WTS has been the subject of several reports of research badysts. Zacks Investment Research narrowed Watts Water Technologies' shares from a "buy" rating to a "hold" rating in a report on Monday, July 16th. ValuEngine lowered Watts Water Technologies shares from a "buy" rating to a "hold" note in a research note on Friday, April 27. Oppenheimer confirmed a "hold" rating on Watts Water Technologies shares in a research note on Thursday, May 3rd. Finally, Robert W. Baird raised the target price of Watts Water Technologies shares to $ 80.00 and awarded a "neutral" rating to the stock in a research note on Monday, May 7. A stock research badyst evaluated the stock with a sales note, seven issued a standby note and four issued a buy-to-action note from the company. The stock has a consensual rating of "Hold" and a consensus price target of $ 81.80
Watts Water Technologies Company Profile
Watts Water Technologies, Inc. designs, manufactures and sells products and systems that manage and maintain the flow of fluids and energy in, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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