Quantbot Technologies LP Has $1.44 Million Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Quantbot Technologies LP boosted its holdings in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 397.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,078 shares of the technology company's stock after buying an additional 5,655 shares during the quarter. Quantbot Technologies LP's holdings in Watts Water Technologies were worth $1,439,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WTS. Empowered Funds LLC grew its holdings in shares of Watts Water Technologies by 29.5% in the 3rd quarter. Empowered Funds LLC now owns 1,592 shares of the technology company's stock worth $330,000 after acquiring an additional 363 shares during the last quarter. Intech Investment Management LLC purchased a new position in Watts Water Technologies in the 3rd quarter worth about $1,068,000. Landscape Capital Management L.L.C. purchased a new position in Watts Water Technologies in the 3rd quarter worth about $302,000. Charles Schwab Investment Management Inc. raised its holdings in Watts Water Technologies by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 316,407 shares of the technology company's stock worth $65,556,000 after buying an additional 9,148 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Watts Water Technologies by 157.4% in the third quarter. Citigroup Inc. now owns 25,006 shares of the technology company's stock worth $5,181,000 after buying an additional 15,290 shares during the period. Institutional investors own 95.02% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began 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 on the stock. Finally, Stifel Nicolaus increased their target price on Watts Water Technologies from $218.00 to $219.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $220.00.

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Insider Activity at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the stock in a transaction 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 directly owns 10,469 shares of the company's stock, valued at $2,204,038.57. This represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

Watts Water Technologies Stock Down 1.2 %

WTS stock traded down $2.57 during midday trading on Thursday, reaching $209.73. The company had a trading volume of 151,423 shares, compared to its average volume of 153,848. The company has a 50 day moving average of $211.60 and a two-hundred day moving average of $207.82. The company has a market capitalization of $6.99 billion, a P/E ratio of 24.13, a PEG ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $232.60. The company has a current ratio of 2.59, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12.

Watts Water Technologies (NYSE:WTS - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) 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%. On average, equities research analysts expect that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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 dividend on an annualized basis and a yield of 0.82%. Watts Water Technologies's dividend payout ratio is currently 19.79%.

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.