Sava Infond d.o.o. Buys Shares of 1,200 Watts Water Technologies, Inc. (NYSE:WTS)

Sava Infond d.o.o. bought a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,200 shares of the technology company's stock, valued at approximately $244,000.

Several other large investors have also bought and sold shares of WTS. Charles Schwab Investment Management Inc. lifted its holdings in Watts Water Technologies by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 316,407 shares of the technology company's stock valued at $65,556,000 after acquiring an additional 9,148 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Watts Water Technologies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company's stock valued at $55,411,000 after purchasing an additional 12,159 shares during the last quarter. State Street Corp boosted its holdings in Watts Water Technologies by 0.9% during the third quarter. State Street Corp now owns 977,000 shares of the technology company's stock worth $202,425,000 after buying an additional 8,314 shares in the last quarter. Van ECK Associates Corp grew its position in Watts Water Technologies by 35.2% in the fourth quarter. Van ECK Associates Corp now owns 23,507 shares of the technology company's stock worth $4,779,000 after buying an additional 6,125 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Watts Water Technologies by 264.1% in the fourth quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company's stock valued at $1,236,000 after buying an additional 4,410 shares in the last quarter. Institutional investors own 95.02% of the company's stock.

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Insider Activity

In related news, insider Elie Melhem sold 4,397 shares of the 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 transaction, the insider now owns 10,469 shares in the company, valued at approximately $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 accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WTS shares. Deutsche Bank Aktiengesellschaft started coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They set a "hold" rating and a $240.00 target price on the stock. The Goldman Sachs Group lifted their price target 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. Finally, Stifel Nicolaus upped their price objective on shares of Watts Water Technologies from $218.00 to $219.00 and gave the company a "hold" rating in a research note 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. According to MarketBeat, Watts Water Technologies currently has a consensus rating of "Hold" and an average price target of $220.00.

Watts Water Technologies Stock Up 0.8 %

Watts Water Technologies stock traded up $1.61 during mid-day trading on Tuesday, hitting $205.53. The company's stock had a trading volume of 18,006 shares, compared to its average volume of 161,436. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $232.60. The company has a market cap of $6.85 billion, a PE ratio of 23.61, 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 current ratio of 2.59 and a quick ratio of 1.65. The firm's 50 day moving average is $211.46 and its 200 day moving average is $208.22.

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

Watts Water Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, February 28th. Watts Water Technologies's dividend payout ratio (DPR) is currently 19.79%.

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.