Sei Investments Co. Grows Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Sei Investments Co. grew its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,932 shares of the technology company's stock after acquiring an additional 3,159 shares during the period. Sei Investments Co. owned about 0.10% of Watts Water Technologies worth $6,898,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Arizona State Retirement System raised its position in Watts Water Technologies by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,950 shares of the technology company's stock worth $1,616,000 after purchasing an additional 56 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock valued at $32,000 after buying an additional 58 shares during the period. Andina Capital Management LLC raised its position in shares of Watts Water Technologies by 3.5% during the fourth quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company's stock worth $347,000 after acquiring an additional 58 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Watts Water Technologies by 3.8% in the fourth quarter. Empowered Funds LLC now owns 1,652 shares of the technology company's stock worth $336,000 after acquiring an additional 60 shares during the period. Finally, M&T Bank Corp boosted its holdings in Watts Water Technologies by 3.4% in the third quarter. M&T Bank Corp now owns 2,272 shares of the technology company's stock valued at $471,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company's stock.

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Watts Water Technologies Stock Down 3.8 %

WTS stock traded down $7.35 during trading on Friday, reaching $188.09. 101,070 shares of the stock were exchanged, compared to its average volume of 162,611. The firm's 50 day moving average is $210.95 and its 200 day moving average is $208.21. The firm has a market cap of $6.27 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. 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, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60.

Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its 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 return on equity of 18.08% and a net margin of 12.93%. As a group, research analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently announced 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 was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.91%. Watts Water Technologies's dividend payout ratio is presently 19.79%.

Insider Buying and Selling

In other 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on shares of 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, Deutsche Bank Aktiengesellschaft initiated 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 target on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Watts Water Technologies has a consensus rating of "Hold" and an average price target 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.