Vestmark Advisory Solutions Inc. lifted its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,056 shares of the technology company's stock after purchasing an additional 2,212 shares during the quarter. Vestmark Advisory Solutions Inc. owned about 0.05% of Watts Water Technologies worth $3,671,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of WTS. Raymond James Financial Inc. purchased a new position in Watts Water Technologies during the fourth quarter worth about $23,044,000. Arizona State Retirement System boosted its stake in shares of Watts Water Technologies by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,950 shares of the technology company's stock valued at $1,616,000 after buying an additional 56 shares in the last quarter. Aigen Investment Management LP purchased a new position in Watts Water Technologies in the fourth quarter worth $245,000. Proficio Capital Partners LLC purchased a new position in Watts Water Technologies in the fourth quarter worth $3,554,000. Finally, M&T Bank Corp lifted its holdings in Watts Water Technologies by 12.9% in the fourth quarter. M&T Bank Corp now owns 2,566 shares of the technology company's stock valued at $522,000 after acquiring an additional 294 shares during the period. 95.02% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
WTS has been the subject of a number of research analyst reports. The Goldman Sachs Group increased 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 started coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They issued a "hold" rating and a $240.00 target price for the company. Finally, Stifel Nicolaus boosted their price target on Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a research note on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $220.00.
Check Out Our Latest Research Report on Watts Water Technologies
Watts Water Technologies Price Performance
WTS traded down $0.75 during midday trading on Monday, reaching $214.30. 191,405 shares of the company's stock were exchanged, compared to its average volume of 171,262. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $232.60. The stock has a market capitalization of $7.14 billion, a PE ratio of 24.66, a P/E/G 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 business's 50-day moving average price is $209.09 and its 200 day moving average price is $206.21.
Watts Water Technologies (NYSE:WTS - Get Free Report) last issued 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%. As a group, equities analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.
Watts Water Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, February 28th. Watts Water Technologies's payout ratio is 19.79%.
About Watts Water Technologies
(
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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