48,070 Shares in Watts Water Technologies, Inc. (NYSE:WTS) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new position in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 48,070 shares of the technology company's stock, valued at approximately $9,773,000. Wealthfront Advisers LLC owned 0.14% of Watts Water Technologies as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Watts Water Technologies by 59.8% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock worth $32,000 after buying an additional 58 shares during the period. Jones Financial Companies Lllp raised its stake in Watts Water Technologies by 660.3% during the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company's stock worth $113,000 after buying an additional 482 shares during the period. Leavell Investment Management Inc. acquired a new position in Watts Water Technologies during the 4th quarter worth approximately $205,000. Quantinno Capital Management LP acquired a new position in Watts Water Technologies during the 3rd quarter worth approximately $231,000. Finally, FORA Capital LLC purchased a new stake in shares of Watts Water Technologies in the third quarter worth approximately $235,000. 95.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTS has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group increased their price objective on Watts Water Technologies from $197.00 to $217.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They issued a "hold" rating and a $240.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $220.00.

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Insider Transactions at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction 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 completion of the sale, the insider now owns 10,469 shares of the company's stock, valued at approximately $2,204,038.57. This trade represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Watts Water Technologies Price Performance

Shares of NYSE WTS opened at $208.91 on Thursday. The stock has a fifty day simple moving average of $209.55 and a two-hundred day simple moving average of $206.55. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $232.60. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth 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 (NYSE:WTS - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. Analysts anticipate that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, February 28th. Watts Water Technologies's payout ratio is currently 19.79%.

Watts Water Technologies Company Profile

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.

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