Schroder Investment Management Group acquired a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,040 shares of the technology company's stock, valued at approximately $1,228,000.
Several other hedge funds have also recently made changes to their positions in WTS. Norges Bank purchased a new stake in Watts Water Technologies during the 4th quarter valued at about $60,887,000. Raymond James Financial Inc. purchased a new stake in Watts Water Technologies in the fourth quarter valued at approximately $23,044,000. Wealthfront Advisers LLC acquired a new position in Watts Water Technologies in the 4th quarter worth approximately $9,773,000. Boston Partners raised its position in Watts Water Technologies by 7.6% during 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 last quarter. Finally, Retirement Systems of Alabama lifted its stake in Watts Water Technologies by 122.9% during the 4th quarter. Retirement Systems of Alabama now owns 74,194 shares of the technology company's stock valued at $15,084,000 after acquiring an additional 40,912 shares during the period. 95.02% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Watts Water Technologies
In other news, insider Elie Melhem sold 4,397 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total value of $925,700.41. Following the transaction, the insider now directly owns 10,469 shares of the company's stock, valued at approximately $2,204,038.57. This trade represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
WTS has been the subject of several recent research reports. The Goldman Sachs Group raised their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They set a "hold" rating and a $240.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $220.00.
Read Our Latest Stock Analysis on Watts Water Technologies
Watts Water Technologies Stock Performance
NYSE WTS traded up $4.06 during mid-day trading on Friday, reaching $193.64. 150,629 shares of the stock were exchanged, compared to its average volume of 165,952. The business's 50 day moving average is $207.70 and its 200-day moving average is $207.37. The company has a market capitalization of $6.45 billion, a P/E ratio of 22.28, a P/E/G ratio of 3.42 and a beta of 0.95. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $232.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59.
Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 forecast that Watts Water Technologies, Inc. will post 9.08 EPS 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 paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, February 28th. Watts Water Technologies's dividend payout ratio is currently 19.79%.
Watts Water Technologies Profile
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Free Report)
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.
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