EULAV Asset Management Buys 4,200 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

EULAV Asset Management increased its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,847 shares of the technology company's stock after acquiring an additional 4,200 shares during the quarter. EULAV Asset Management owned about 0.23% of Watts Water Technologies worth $15,420,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of WTS. V Square Quantitative Management LLC acquired a new position in Watts Water Technologies in the third quarter valued at about $30,000. UMB Bank n.a. raised its position 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 valued at $32,000 after buying an additional 58 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Watts Water Technologies in the 3rd quarter valued at approximately $68,000. CWM LLC lifted its holdings in shares of Watts Water Technologies by 24.4% during the 3rd quarter. CWM LLC now owns 392 shares of the technology company's stock worth $81,000 after acquiring an additional 77 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Watts Water Technologies by 99.3% during the 3rd quarter. Blue Trust Inc. now owns 544 shares of the technology company's stock worth $113,000 after acquiring an additional 271 shares in the last quarter. Institutional investors and hedge funds own 95.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WTS. Stifel Nicolaus upped their target price on Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a research note on Wednesday. Northcoast Research upgraded Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price objective for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft initiated coverage on 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, The Goldman Sachs Group increased 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $220.00.

Watts Water Technologies Trading Down 1.7 %

Watts Water Technologies stock traded down $3.76 during trading hours on Wednesday, hitting $220.91. The stock had a trading volume of 338,781 shares, compared to its average volume of 176,299. The business's 50 day simple moving average is $208.15 and its 200-day simple moving average is $203.29. Watts Water Technologies, Inc. has a one year low of $175.37 and a one year high of $232.60. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.39 and a beta of 0.93. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13.

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 analysts' consensus estimates of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. On average, equities analysts predict that Watts Water Technologies, Inc. will post 8.73 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 0.78%. Watts Water Technologies's dividend payout ratio is 20.62%.

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.