Watts Water Technologies, Inc. (NYSE:WTS) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,201 shares of the technology company's stock after purchasing an additional 1,546 shares during the period. Natixis Advisors LLC owned about 0.13% of Watts Water Technologies worth $8,986,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its stake in shares of Watts Water Technologies by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,950 shares of the technology company's stock valued at $1,616,000 after purchasing an additional 56 shares in the last quarter. UMB Bank n.a. raised its stake in Watts Water Technologies by 59.8% during the fourth 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. Andina Capital Management LLC raised its stake in Watts Water Technologies by 3.5% during the fourth quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company's stock valued at $347,000 after buying an additional 58 shares in the last quarter. Empowered Funds LLC lifted its holdings in 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 buying an additional 60 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Watts Water Technologies by 3.4% in the 3rd quarter. M&T Bank Corp now owns 2,272 shares of the technology company's stock worth $471,000 after acquiring an additional 74 shares in the last quarter. 95.02% of the stock is currently owned by institutional investors.

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Watts Water Technologies Stock Performance

Shares of WTS traded down $0.98 during midday trading on Tuesday, hitting $211.52. 172,591 shares of the stock traded hands, compared to its average volume of 153,029. The business's 50 day moving average price is $211.22 and its two-hundred day moving average price is $207.61. The firm has a market capitalization of $7.05 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. 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 1-year low of $175.37 and a 1-year 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 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 fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 0.81%. Watts Water Technologies's payout ratio is 19.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. 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 research report on Wednesday, February 12th. Stifel Nicolaus raised their price target on shares of Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They set a "hold" rating and a $240.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $220.00.

Insider Activity

In related news, insider Elie Melhem sold 4,397 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the transaction, the insider now owns 10,469 shares in the company, valued at $2,204,038.57. This trade represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.

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.