Allspring Global Investments Holdings LLC Raises Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Allspring Global Investments Holdings LLC boosted its stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,789 shares of the technology company's stock after acquiring an additional 5,606 shares during the period. Allspring Global Investments Holdings LLC owned 0.34% of Watts Water Technologies worth $22,423,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Andina Capital Management LLC boosted its holdings in Watts Water Technologies by 3.3% in the 3rd quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company's stock valued at $342,000 after purchasing an additional 52 shares in the last quarter. UMB Bank n.a. boosted its holdings in Watts Water Technologies by 59.8% in the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock valued at $32,000 after purchasing an additional 58 shares in the last quarter. Portside Wealth Group LLC boosted its holdings in Watts Water Technologies by 2.5% in the 3rd quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company's stock valued at $517,000 after purchasing an additional 60 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Watts Water Technologies by 3.8% during the 4th quarter. Empowered Funds LLC now owns 1,652 shares of the technology company's stock worth $336,000 after acquiring an additional 60 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of Watts Water Technologies by 1.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company's stock worth $1,085,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 95.02% of the company's stock.

Watts Water Technologies Price Performance

NYSE:WTS traded up $0.22 during trading hours on Wednesday, reaching $218.45. 144,435 shares of the company traded hands, compared to its average volume of 176,779. The firm's 50-day moving average is $208.20 and its 200-day moving average is $203.75. The stock has a market cap of $7.28 billion, a P/E ratio of 25.14, a P/E/G ratio of 3.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $232.60.

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

Watts Water Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, February 28th. Watts Water Technologies's dividend payout ratio is presently 19.79%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They set a "hold" rating and a $240.00 price target on the stock. Stifel Nicolaus boosted their price target 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. Northcoast Research raised Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price target on the stock in a research note on Monday, November 4th. Finally, The Goldman Sachs Group increased their target price on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $220.00.

Watts Water Technologies 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.