Laurus Investment Counsel Inc. acquired a new position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,100 shares of the technology company's stock, valued at approximately $1,037,000.
Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Watts Water Technologies during the 3rd quarter valued at $30,000. 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 valued at $32,000 after buying an additional 58 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Watts Water Technologies during the 3rd quarter valued at $68,000. CWM LLC raised its holdings in Watts Water Technologies by 24.4% during the 3rd quarter. CWM LLC now owns 392 shares of the technology company's stock valued at $81,000 after buying an additional 77 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Watts Water Technologies by 99.3% during the 3rd quarter. Blue Trust Inc. now owns 544 shares of the technology company's stock valued at $113,000 after buying an additional 271 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors.
Watts Water Technologies Stock Down 0.1 %
Shares of NYSE:WTS traded down $0.27 during midday trading on Wednesday, reaching $205.49. The company's stock had a trading volume of 92,512 shares, compared to its average volume of 144,870. The firm has a 50 day moving average of $208.61 and a 200-day moving average of $202.94. The firm has a market capitalization of $6.85 billion, a P/E ratio of 24.66, a PEG ratio of 3.38 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, Inc. has a 12-month low of $175.37 and a 12-month high of $222.70.
Watts Water Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 0.84%. The ex-dividend date is Friday, February 28th. Watts Water Technologies's dividend payout ratio is presently 20.62%.
Analyst Upgrades and Downgrades
WTS has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Watts Water Technologies from $202.00 to $218.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They issued a "hold" rating and a $240.00 price objective for the company. Finally, Northcoast Research upgraded shares of Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price objective for the company in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $220.50.
Read Our Latest Research Report on WTS
Insider Transactions at Watts Water Technologies
In related news, CFO Shashank Patel sold 4,569 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.10, for a total transaction of $955,377.90. Following the sale, the chief financial officer now directly owns 15,635 shares of the company's stock, valued at approximately $3,269,278.50. This represents a 22.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.
Watts Water Technologies Company 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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