Campbell & CO Investment Adviser LLC Has $1.38 Million Holdings in Watts Water Technologies, Inc. (NYSE:WTS) (2024)

Posted by Tech Dows on Jun 4th, 2024

Campbell & CO Investment Adviser LLC increased its stake in Watts Water Technologies, Inc. (NYSE:WTS – Free Report) by 350.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,639 shares of the technology company’s stock after purchasing an additional 5,166 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Watts Water Technologies were worth $1,383,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Watts Water Technologies by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,188,071 shares of the technology company’s stock worth $550,962,000 after purchasing an additional 29,113 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Watts Water Technologies in the 4th quarter worth approximately $2,382,000. Norden Group LLC bought a new position in Watts Water Technologies in the 4th quarter worth approximately $641,000. Truist Financial Corp bought a new position in Watts Water Technologies in the 4th quarter worth approximately $832,000. Finally, New York Life Investment Management LLC raised its position in Watts Water Technologies by 97.0% in the 3rd quarter. New York Life Investment Management LLC now owns 5,302 shares of the technology company’s stock worth $916,000 after purchasing an additional 2,611 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.

Analyst Ratings Changes

WTS has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on shares of Watts Water Technologies from $212.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Stifel Nicolaus upped their target price 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $199.50.

Read Our Latest Report on WTS

Watts Water Technologies Stock Performance

Shares of Watts Water Technologies stock opened at $192.20 on Tuesday. The firm has a fifty day moving average of $206.41 and a two-hundred day moving average of $203.28. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 2.90 and a beta of 0.94. Watts Water Technologies, Inc. has a 52 week low of $163.66 and a 52 week high of $219.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.48.

Watts Water Technologies (NYSE:WTS – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.22. Watts Water Technologies had a net margin of 12.53% and a return on equity of 19.61%. The business had revenue of $570.90 million during the quarter, compared to analysts’ expectations of $547.20 million. During the same quarter in the prior year, the company earned $1.92 EPS. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. As a group, equities research analysts predict that Watts Water Technologies, Inc. will post 8.57 EPS for the current year.

Watts Water Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.89%. This is a boost from Watts Water Technologies’s previous quarterly dividend of $0.36. Watts Water Technologies’s dividend payout ratio is currently 21.34%.

Insider Activity at Watts Water Technologies

In related 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 value of $470,371.66. Following the completion of the sale, the insider now owns 2,806 shares in the company, valued at approximately $601,578.34. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Shashank Patel sold 1,508 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $215.10, for a total value of $324,370.80. Following the completion of the transaction, the chief financial officer now directly owns 20,204 shares of the company’s stock, valued at approximately $4,345,880.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Timothy P. Horne sold 2,194 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 2,806 shares of the company’s stock, valued at $601,578.34. The disclosure for this sale can be found here. Insiders sold a total of 7,273 shares of company stock worth $1,543,961 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Watts Water Technologies Profile

(Free Report)

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.

Featured Stories

Receive News & Ratings for Watts Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

You might be interested in:

Insider Selling: Agilent Technologies, Inc. CEO Sells 1,958 Shares of Stock

Fairview Capital Investment Management LLC Sells 2,075 Shares of iShares 0-5 Year TIPS Bond ETF