Livingston Group Asset Management CO operating as Southport Capital Management Has $1.61 Million Holdings in Watts Water Technologies Inc (WTS)

Livingston Group Asset Management CO operating as Southport Capital Management lowered its position in Watts Water Technologies Inc (NYSE:WTS) by 1.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,901 shares of the technology company’s stock after selling 200 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management owned about 0.06% of Watts Water Technologies worth $1,608,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of Watts Water Technologies by 35.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,295 shares of the technology company’s stock worth $1,697,000 after acquiring an additional 6,826 shares during the period. NJ State Employees Deferred Compensation Plan raised its position in shares of Watts Water Technologies by 20.0% in the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 6,000 shares of the technology company’s stock worth $387,000 after acquiring an additional 1,000 shares during the period. Vanguard Group Inc raised its position in shares of Watts Water Technologies by 1.7% in the third quarter. Vanguard Group Inc now owns 2,767,832 shares of the technology company’s stock worth $229,730,000 after acquiring an additional 45,313 shares during the period. Vanguard Group Inc. raised its position in shares of Watts Water Technologies by 1.7% in the third quarter. Vanguard Group Inc. now owns 2,767,832 shares of the technology company’s stock worth $229,730,000 after acquiring an additional 45,313 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Watts Water Technologies in the fourth quarter worth about $681,000. Institutional investors and hedge funds own 77.56% of the company’s stock.

In related news, major shareholder Timothy P. Horne sold 976 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $81.00, for a total transaction of $79,056.00. Following the completion of the sale, the insider now owns 49,024 shares of the company’s stock, valued at approximately $3,970,944. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Timothy P. Horne sold 10,142 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $79.57, for a total transaction of $806,998.94. Following the sale, the insider now directly owns 2,358 shares of the company’s stock, valued at approximately $187,626.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,055 shares of company stock valued at $5,707,415. Insiders own 0.75% of the company’s stock.

A number of research analysts have weighed in on WTS shares. Oppenheimer reiterated a “hold” rating on shares of Watts Water Technologies in a research report on Monday, February 11th. Janney Montgomery Scott downgraded shares of Watts Water Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $81.00 to $83.00 in a research report on Monday, February 11th. Finally, Stifel Nicolaus upped their price target on shares of Watts Water Technologies from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $89.50.

Shares of WTS traded down $0.19 during mid-day trading on Wednesday, hitting $84.51. 422 shares of the company were exchanged, compared to its average volume of 136,308. Watts Water Technologies Inc has a 1-year low of $61.17 and a 1-year high of $93.35. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.88 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.06 and a beta of 1.21.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Thursday, February 7th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. Watts Water Technologies had a net margin of 7.97% and a return on equity of 14.71%. The firm had revenue of $387.60 million during the quarter, compared to the consensus estimate of $382.33 million. During the same quarter in the prior year, the firm earned $0.74 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Watts Water Technologies Inc will post 4.07 earnings per share for the current year.

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Watts Water Technologies Company Profile

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company 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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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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