New Age Alpha Advisors LLC Invests $1.24 Million in Watts Water Technologies, Inc. (NYSE:WTS)

New Age Alpha Advisors LLC bought a new stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,100 shares of the technology company's stock, valued at approximately $1,240,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in Watts Water Technologies by 0.9% in the 3rd quarter. State Street Corp now owns 977,000 shares of the technology company's stock worth $202,425,000 after acquiring an additional 8,314 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Watts Water Technologies by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 741,743 shares of the technology company's stock valued at $153,708,000 after buying an additional 30,688 shares in the last quarter. Boston Partners boosted its holdings in Watts Water Technologies by 7.6% in the 4th quarter. Boston Partners now owns 632,155 shares of the technology company's stock worth $128,527,000 after buying an additional 44,465 shares during the period. KBC Group NV grew its stake in Watts Water Technologies by 6.5% in the 4th quarter. KBC Group NV now owns 323,007 shares of the technology company's stock valued at $65,667,000 after buying an additional 19,598 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Watts Water Technologies by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,703 shares of the technology company's stock valued at $64,996,000 after acquiring an additional 3,296 shares during the period. 95.02% of the stock is owned by institutional investors.

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Insider Activity at Watts Water Technologies

In other news, insider Elie Melhem sold 4,397 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Watts Water Technologies Price Performance

NYSE:WTS traded down $4.45 during midday trading on Friday, hitting $190.99. The company had a trading volume of 44,230 shares, compared to its average volume of 184,435. The stock's fifty day moving average price is $210.95 and its 200-day moving average price is $208.21. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $232.60. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $6.36 billion, a PE ratio of 21.91, a P/E/G ratio of 3.42 and a beta of 0.93.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. As a group, research analysts expect that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.90%. Watts Water Technologies's dividend payout ratio (DPR) is presently 19.79%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. The Goldman Sachs Group raised their target price on Watts Water Technologies from $197.00 to $217.00 and gave the stock a "neutral" rating in a research note 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 target price on the stock. Finally, Stifel Nicolaus raised their price target on shares of Watts Water Technologies from $218.00 to $219.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $220.00.

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.