AlphaQuest LLC Has $179,000 Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

AlphaQuest LLC reduced its position in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 78.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 882 shares of the technology company's stock after selling 3,212 shares during the quarter. AlphaQuest LLC's holdings in Watts Water Technologies were worth $179,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WTS. UMB Bank n.a. raised 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 in the last quarter. Jones Financial Companies Lllp grew its position in Watts Water Technologies by 660.3% in the fourth 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 last quarter. Leavell Investment Management Inc. bought a new position in shares of Watts Water Technologies in the fourth quarter valued at $205,000. Quantinno Capital Management LP acquired a new stake in shares of Watts Water Technologies during the 3rd quarter valued at $231,000. Finally, PFW Advisors LLC acquired a new position in shares of Watts Water Technologies in the 4th quarter worth $233,000. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Watts Water Technologies Stock Down 1.3 %

NYSE WTS traded down $2.67 during trading on Thursday, reaching $210.45. 282,021 shares of the company's stock were exchanged, compared to its average volume of 149,391. 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 fifty-two week low of $175.37 and a fifty-two week high of $232.60. The company's fifty day simple moving average is $210.54 and its 200-day simple moving average is $207.16. The firm has a market capitalization of $7.01 billion, a PE ratio of 24.22, a P/E/G ratio of 3.42 and a beta of 0.93.

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Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, beating 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%. Sell-side analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid 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 was Friday, February 28th. Watts Water Technologies's dividend payout ratio (DPR) is presently 19.79%.

Insider Buying and Selling

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the transaction, the insider now directly owns 10,469 shares of the company's stock, valued at $2,204,038.57. This represents a 29.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WTS has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a report on Tuesday, December 17th. They set a "hold" rating and a $240.00 price objective on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock 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 company presently has an average rating of "Hold" and a consensus target price of $220.00.

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.