Watts Water Technologies, Inc (NYSE: WTS) is 3.24% higher on its value in year-to-date trading and has touched a low of $175.37 and a high of $221.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WTS stock was last observed hovering at around $214.86 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $215.09, the stock is 3.43% and 4.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 0.11% at the moment leaves the stock 7.65% off its SMA200. WTS registered 11.87% gain for a year compared to 6-month loss of 8.35%. The firm has a 50-day simple moving average (SMA 50) of $205.4822 and a 200-day simple moving average (SMA200) of $199.7154.
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The stock witnessed a 8.76% gain in the last 1 month and extending the period to 3 months gives it a 10.59%, and is 4.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.01% over the week and 2.15% over the month.
Watts Water Technologies, Inc (WTS) has around 5100 employees, a market worth around $7.17B and $2.26B in sales. Current P/E ratio is 25.78 and Fwd P/E is 24.04. Profit margin for the company is 12.37%. Distance from 52-week low is 22.65% and -2.76% from its 52-week high. The company has generated returns on investments over the last 12 months (14.70%).
Watts Water Technologies, Inc quarterly earnings per share for the current quarter are estimated at 1.92 with sales reaching $538.11M over the same period.The EPS is expected to grow by 5.68% this year, but quarterly earnings will post 9.40% year-over-year. Quarterly sales are estimated to shrink -1.72% in year-over-year returns.
576.0 institutions hold shares in Watts Water Technologies, Inc (WTS), with institutional investors hold 101.56% of the company’s shares. The shares outstanding are 27.35M, and float is at 27.00M with Short Float at 3.28%. Institutions hold 100.51% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.81 million shares valued at $698.58 million. The investor’s holdings represent 11.4063 of the WTS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.18 million shares valued at $582.52 million to account for 9.5112 of the shares outstanding. The other top investors are KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC which holds 2.05 million shares representing 6.1384 and valued at over $375.95 million, while IMPAX ASSET MANAGEMENT GROUP PLC holds 4.6099 of the shares totaling 1.54 million with a market value of $281.73 million.
Watts Water Technologies, Inc (WTS) Insider Activity
The most recent transaction is an insider sale by Patel Shashank, the company’s Chief Financial Officer. SEC filings show that Patel Shashank sold 5,933 shares of the company’s common stock on Nov 08 ’24 at a price of $208.94 per share for a total of $1.24 million. Following the sale, the insider now owns 9702.0 shares.
Watts Water Technologies, Inc disclosed in a document filed with the SEC on Nov 07 ’24 that Patel Shashank (Chief Financial Officer) sold a total of 4,569 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $209.10 per share for $0.96 million. Following the transaction, the insider now directly holds 15635.0 shares of the WTS stock.
Still, SEC filings show that on Nov 06 ’24, Pagano Robert J Jr (President and CEO) disposed off 20,810 shares at an average price of $212.20 for $4.42 million. The insider now directly holds 176,045 shares of Watts Water Technologies, Inc (WTS).
