Allspring Global Investments Holdings LLC Purchases 47,123 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Allspring Global Investments Holdings LLC boosted its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 79.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,183 shares of the technology company's stock after purchasing an additional 47,123 shares during the period. Allspring Global Investments Holdings LLC owned 0.32% of Watts Water Technologies worth $22,000,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Park Avenue Securities LLC raised its holdings in shares of Watts Water Technologies by 4.2% in the 1st quarter. Park Avenue Securities LLC now owns 1,645 shares of the technology company's stock valued at $350,000 after purchasing an additional 67 shares during the period. Congress Wealth Management LLC DE boosted its stake in shares of Watts Water Technologies by 1.4% during the 1st quarter. Congress Wealth Management LLC DE now owns 64,642 shares of the technology company's stock worth $13,740,000 after acquiring an additional 880 shares during the period. State of Michigan Retirement System increased its holdings in shares of Watts Water Technologies by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 6,695 shares of the technology company's stock worth $1,423,000 after acquiring an additional 100 shares during the last quarter. Norden Group LLC raised its stake in Watts Water Technologies by 1,826.3% in the 1st quarter. Norden Group LLC now owns 59,310 shares of the technology company's stock valued at $12,606,000 after acquiring an additional 56,231 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Watts Water Technologies by 502.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 223 shares of the technology company's stock worth $47,000 after purchasing an additional 186 shares during the period. 95.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, Director Michael J. Dubose sold 315 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $185.93, for a total transaction of $58,567.95. Following the completion of the transaction, the director now owns 2,755 shares of the company's stock, valued at approximately $512,237.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael J. Dubose sold 315 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $185.93, for a total transaction of $58,567.95. Following the sale, the director now directly owns 2,755 shares in the company, valued at approximately $512,237.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Elie Melhem sold 1,710 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $185.16, for a total transaction of $316,623.60. Following the sale, the insider now directly owns 11,516 shares in the company, valued at $2,132,302.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WTS shares. Robert W. Baird dropped their price objective on shares of Watts Water Technologies from $225.00 to $199.00 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus cut their price objective on shares of Watts Water Technologies from $217.00 to $202.00 and set a "hold" rating for the company in a research report on Friday, August 9th. Finally, StockNews.com raised Watts Water Technologies from a "hold" rating to a "buy" rating in a research report on Friday, August 16th.

Watts Water Technologies Stock Performance

Watts Water Technologies stock traded down $1.85 during midday trading on Friday, hitting $197.04. The company's stock had a trading volume of 110,556 shares, compared to its average volume of 145,735. Watts Water Technologies, Inc. has a 1-year low of $167.87 and a 1-year high of $219.52. The company has a 50-day moving average price of $198.96 and a two-hundred day moving average price of $197.48. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.88 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 1.49.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.13. Watts Water Technologies had a return on equity of 19.22% and a net margin of 12.44%. The firm had revenue of $597.30 million during the quarter, compared to analysts' expectations of $589.55 million. During the same period in the previous year, the firm earned $2.34 EPS. The company's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Watts Water Technologies, Inc. will post 8.71 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th 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, August 30th. Watts Water Technologies's dividend payout ratio (DPR) is presently 20.87%.

Watts Water Technologies 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.