Raymond James Financial Inc. Takes $23.04 Million Position in Watts Water Technologies, Inc. (NYSE:WTS)

Raymond James Financial Inc. purchased a new position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 113,348 shares of the technology company's stock, valued at approximately $23,044,000. Raymond James Financial Inc. owned about 0.34% of Watts Water Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Arizona State Retirement System increased its holdings in shares of Watts Water Technologies by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,950 shares of the technology company's stock worth $1,616,000 after buying an additional 56 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Watts Water Technologies by 59.8% in the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock worth $32,000 after purchasing an additional 58 shares during the period. Andina Capital Management LLC increased its position in shares of Watts Water Technologies by 3.5% during the 4th quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company's stock valued at $347,000 after purchasing an additional 58 shares during the last quarter. Empowered Funds LLC raised its holdings in Watts Water Technologies by 3.8% during the 4th quarter. Empowered Funds LLC now owns 1,652 shares of the technology company's stock valued at $336,000 after buying an additional 60 shares during the period. Finally, OneDigital Investment Advisors LLC increased its position in Watts Water Technologies by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company's stock valued at $1,085,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 95.02% of the company's stock.

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Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total transaction of $925,700.41. Following the transaction, the insider now owns 10,469 shares in the company, valued at approximately $2,204,038.57. This represents a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WTS shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They issued a "hold" rating and a $240.00 target price for the company. The Goldman Sachs Group boosted their target price on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus increased their price target on Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Watts Water Technologies has a consensus rating of "Hold" and a consensus target price of $220.00.

Watts Water Technologies Stock Up 0.7 %

Shares of NYSE:WTS traded up $1.47 on Wednesday, reaching $213.39. The company had a trading volume of 94,250 shares, compared to its average volume of 169,612. The firm has a market capitalization of $7.11 billion, a PE ratio of 24.56, a PEG ratio of 3.42 and a beta of 0.93. The company has a current ratio of 2.59, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $232.60. The firm's 50 day simple moving average is $210.31 and its 200-day simple moving average is $207.11.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. As a group, analysts expect that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, February 28th. Watts Water Technologies's dividend payout ratio is presently 19.79%.

About Watts Water Technologies

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.