Atria Investments Inc Purchases 1,605 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Atria Investments Inc boosted its holdings in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,979 shares of the technology company's stock after acquiring an additional 1,605 shares during the quarter. Atria Investments Inc's holdings in Watts Water Technologies were worth $1,622,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Watts Water Technologies by 0.9% during the third quarter. State Street Corp now owns 977,000 shares of the technology company's stock valued at $202,425,000 after purchasing an additional 8,314 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Watts Water Technologies by 4.3% in the third quarter. Geode Capital Management LLC now owns 741,743 shares of the technology company's stock valued at $153,708,000 after buying an additional 30,688 shares in the last quarter. KBC Group NV boosted its stake in shares of Watts Water Technologies by 6.5% during the 4th quarter. KBC Group NV now owns 323,007 shares of the technology company's stock worth $65,667,000 after acquiring an additional 19,598 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Watts Water Technologies by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,703 shares of the technology company's stock valued at $64,996,000 after purchasing an additional 3,296 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Watts Water Technologies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company's stock worth $55,411,000 after purchasing an additional 12,159 shares in the last quarter. Institutional investors own 95.02% of the company's stock.

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Analyst Upgrades and Downgrades

WTS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Watts Water Technologies in a report on Tuesday, December 17th. They set a "hold" rating and a $240.00 price target on the stock. Stifel Nicolaus upped their target price on Watts Water Technologies from $218.00 to $219.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group raised their price target 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Watts Water Technologies presently has an average rating of "Hold" and a consensus target price of $220.00.

Watts Water Technologies Price Performance

NYSE:WTS traded down $4.55 during mid-day trading on Tuesday, hitting $209.48. The company's stock had a trading volume of 185,154 shares, compared to its average volume of 171,564. The company has a current ratio of 2.59, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $209.32 and a 200-day moving average of $206.40. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $232.60.

Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) 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%. As a group, equities analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, February 28th. Watts Water Technologies's payout ratio is 19.79%.

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.