Proficio Capital Partners LLC Takes $3.55 Million Position in Watts Water Technologies, Inc. (NYSE:WTS)

Proficio Capital Partners LLC purchased a new stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,484 shares of the technology company's stock, valued at approximately $3,554,000. Proficio Capital Partners LLC owned about 0.05% of Watts Water Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WTS. UMB Bank n.a. lifted its stake in shares of Watts Water Technologies by 59.8% in the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock valued at $32,000 after acquiring an additional 58 shares during the last quarter. Leavell Investment Management Inc. bought a new position in shares of Watts Water Technologies in the 4th quarter valued at $205,000. Quantinno Capital Management LP bought a new position in shares of Watts Water Technologies in the 3rd quarter valued at $231,000. PFW Advisors LLC bought a new position in Watts Water Technologies during the 4th quarter worth $233,000. Finally, FORA Capital LLC bought a new position in Watts Water Technologies during the 3rd quarter worth $235,000. 95.02% of the stock is currently owned by institutional investors.

Watts Water Technologies Trading Up 1.6 %

Watts Water Technologies stock traded up $3.29 during trading hours on Friday, reaching $214.96. 149,842 shares of the company's stock were exchanged, compared to its average volume of 170,805. 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 firm's 50 day simple moving average is $209.09 and its 200 day simple moving average is $205.92. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60. The firm has a market capitalization of $7.16 billion, a PE ratio of 24.74, a PEG ratio of 3.42 and a beta of 0.93.

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Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, topping 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%. Research analysts predict that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. Watts Water Technologies's dividend payout ratio is presently 19.79%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WTS. 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 report on Wednesday, February 12th. Stifel Nicolaus raised their target price on 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 began coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They set a "hold" rating and a $240.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $220.00.

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.