Invesco Ltd. Has $57.22 Million Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Invesco Ltd. lessened its position in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 18.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 281,440 shares of the technology company's stock after selling 65,184 shares during the quarter. Invesco Ltd. owned approximately 0.84% of Watts Water Technologies worth $57,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System raised its stake in Watts Water Technologies by 0.7% during the fourth quarter. Arizona State Retirement System now owns 7,950 shares of the technology company's stock worth $1,616,000 after acquiring an additional 56 shares in the last quarter. UMB Bank n.a. raised its holdings in Watts Water Technologies by 59.8% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock worth $32,000 after purchasing an additional 58 shares during the last quarter. Andina Capital Management LLC boosted its stake in Watts Water Technologies by 3.5% during the 4th quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company's stock worth $347,000 after acquiring an additional 58 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Watts Water Technologies by 0.5% during the fourth quarter. Cerity Partners LLC now owns 12,410 shares of the technology company's stock worth $2,541,000 after buying an additional 58 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Watts Water Technologies by 3.8% during the 4th quarter. Empowered Funds LLC now owns 1,652 shares of the technology company's stock worth $336,000 after acquiring an additional 60 shares in the last quarter. 95.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Watts Water Technologies

In other news, insider Elie Melhem sold 4,397 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total transaction of $925,700.41. Following the completion of the sale, the insider now directly owns 10,469 shares in the company, valued at approximately $2,204,038.57. This represents a 29.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Watts Water Technologies Stock Performance

NYSE:WTS traded down $0.13 during mid-day trading on Friday, hitting $197.32. The stock had a trading volume of 199,559 shares, compared to its average volume of 168,126. The company's 50 day simple moving average is $206.96 and its 200 day simple moving average is $207.09. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 3.42 and a beta of 0.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month 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, topping analysts' consensus estimates of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. On average, equities research analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, February 28th. Watts Water Technologies's dividend payout ratio is currently 19.79%.

Analyst Ratings Changes

A number of research firms recently weighed in on WTS. Stifel Nicolaus raised shares of Watts Water Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $219.00 to $229.00 in a research report on Wednesday. The Goldman Sachs Group lifted their target price on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $222.00.

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.