Watts Water Technologies, Inc. (NYSE:WTS) Shares Acquired by Groupama Asset Managment

Groupama Asset Managment increased its holdings in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 30.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,816 shares of the technology company's stock after acquiring an additional 14,477 shares during the quarter. Groupama Asset Managment owned about 0.19% of Watts Water Technologies worth $12,542,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. 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 worth $32,000 after acquiring an additional 58 shares in the last quarter. Headlands Technologies LLC lifted its stake in shares of Watts Water Technologies by 329.1% in the fourth quarter. Headlands Technologies LLC now owns 236 shares of the technology company's stock worth $48,000 after buying an additional 181 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Watts Water Technologies by 660.3% during the fourth quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company's stock valued at $113,000 after buying an additional 482 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Watts Water Technologies by 45.2% during the fourth quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company's stock valued at $115,000 after buying an additional 176 shares during the last quarter. Finally, Leavell Investment Management Inc. purchased a new position in Watts Water Technologies in the 4th quarter worth approximately $205,000. 95.02% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total value of $925,700.41. Following the completion of the sale, the insider now directly owns 10,469 shares in the company, valued at $2,204,038.57. This trade represents a 29.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company's stock.

Watts Water Technologies Stock Down 4.1 %

Shares of WTS traded down $7.97 during mid-day trading on Friday, hitting $187.48. The company's stock had a trading volume of 239,142 shares, compared to its average volume of 163,106. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 3.42 and a beta of 0.93. The company's 50-day moving average is $210.95 and its 200-day moving average is $208.21. 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 52-week low of $175.37 and a 52-week high of $232.60.

Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its 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, equities research 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 declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, February 28th. Watts Water Technologies's dividend payout ratio is presently 19.79%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WTS shares. The Goldman Sachs Group upped their price target on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They set a "hold" rating and a $240.00 price objective for the company. Finally, Stifel Nicolaus boosted their price target on Watts Water Technologies from $218.00 to $219.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th. Four equities research 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, the company presently has a consensus rating of "Hold" and a consensus target price of $220.00.

Watts Water Technologies Company 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.