Erste Asset Management GmbH cut its position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,962 shares of the technology company's stock after selling 2,053 shares during the period. Erste Asset Management GmbH owned 0.15% of Watts Water Technologies worth $10,176,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of WTS. Champlain Investment Partners LLC purchased a new stake in shares of Watts Water Technologies in the 3rd quarter valued at approximately $47,238,000. Raymond James Financial Inc. purchased a new position in shares of Watts Water Technologies in the 4th quarter valued at $23,044,000. Wealthfront Advisers LLC purchased a new position in shares of Watts Water Technologies in the 4th quarter valued at $9,773,000. Retirement Systems of Alabama grew its position in shares of Watts Water Technologies by 122.9% in the 4th quarter. Retirement Systems of Alabama now owns 74,194 shares of the technology company's stock valued at $15,084,000 after buying an additional 40,912 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Watts Water Technologies by 4.3% in the 3rd 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 during the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
WTS has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They issued a "hold" rating and a $240.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on shares of Watts Water Technologies from $218.00 to $219.00 and gave the company a "hold" rating in a research 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. Based on data from MarketBeat.com, Watts Water Technologies has a consensus rating of "Hold" and an average price target of $220.00.
Get Our Latest Research Report on Watts Water Technologies
Insider Transactions at Watts Water Technologies
In related news, insider Elie Melhem sold 4,397 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the sale, the insider now owns 10,469 shares of the company's stock, valued at approximately $2,204,038.57. The trade was a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.
Watts Water Technologies Stock Performance
Watts Water Technologies stock traded down $2.16 during midday trading on Tuesday, hitting $211.82. 172,947 shares of the company's stock were exchanged, compared to its average volume of 148,408. Watts Water Technologies, Inc. has a 12-month low of $175.37 and a 12-month high of $232.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. The firm's 50 day simple moving average is $210.07 and its 200 day simple moving average is $207.01.
Watts Water Technologies (NYSE:WTS - Get Free Report) last released its earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. Equities research analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.
Watts Water Technologies Dividend Announcement
The company also recently announced 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 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Friday, February 28th. Watts Water Technologies's dividend payout ratio (DPR) is presently 19.79%.
Watts Water Technologies Profile
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Free Report)
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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