Callan Family Office LLC Makes New Investment in Watts Water Technologies, Inc. (NYSE:WTS)

Callan Family Office LLC purchased a new position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,903 shares of the technology company's stock, valued at approximately $793,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WTS. Van ECK Associates Corp boosted its position in shares of Watts Water Technologies by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 17,382 shares of the technology company's stock worth $3,484,000 after purchasing an additional 4,967 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Watts Water Technologies by 16.5% in the 3rd quarter. QRG Capital Management Inc. now owns 2,201 shares of the technology company's stock worth $456,000 after purchasing an additional 312 shares during the last quarter. Portside Wealth Group LLC boosted its position in shares of 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 worth $517,000 after purchasing an additional 60 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Watts Water Technologies by 0.9% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 55,351 shares of the technology company's stock worth $11,465,000 after acquiring an additional 488 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in Watts Water Technologies by 10.4% during the third quarter. Atria Investments Inc now owns 6,374 shares of the technology company's stock worth $1,321,000 after acquiring an additional 601 shares in the last quarter. 95.02% of the stock is currently owned by institutional investors.

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Watts Water Technologies Stock Down 2.1 %

Shares of WTS traded down $4.55 during midday trading on Tuesday, hitting $209.48. The stock had a trading volume of 185,154 shares, compared to its average volume of 171,564. The company has a 50 day simple moving average of $209.44 and a two-hundred day simple moving average of $206.53. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 3.42 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 (NYSE:WTS - Get Free Report) last released its quarterly earnings results 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%. On average, analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given 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 dividend payout ratio is currently 19.79%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WTS shares. Stifel Nicolaus lifted their target price on Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. 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 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on 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 given a buy rating to the company. According to MarketBeat, the company has a consensus 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.