Victory Capital Management Inc. Sells 21,579 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Victory Capital Management Inc. lowered its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 386,389 shares of the technology company's stock after selling 21,579 shares during the period. Victory Capital Management Inc. owned approximately 1.16% of Watts Water Technologies worth $78,553,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in Watts Water Technologies by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,172 shares of the technology company's stock valued at $657,000 after acquiring an additional 215 shares in the last quarter. US Bancorp DE raised its stake in shares of Watts Water Technologies by 1.2% in the third quarter. US Bancorp DE now owns 9,903 shares of the technology company's stock valued at $2,052,000 after purchasing an additional 122 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Watts Water Technologies by 40.0% in the third quarter. Van ECK Associates Corp now owns 17,382 shares of the technology company's stock valued at $3,484,000 after purchasing an additional 4,967 shares in the last quarter. QRG Capital Management Inc. lifted its position in Watts Water Technologies by 16.5% in the third quarter. QRG Capital Management Inc. now owns 2,201 shares of the technology company's stock worth $456,000 after purchasing an additional 312 shares during the period. Finally, Portside Wealth Group LLC boosted its stake in Watts Water Technologies by 2.5% during the third quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company's stock worth $517,000 after buying an additional 60 shares in the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Watts Water Technologies in a research note on Tuesday, December 17th. They issued a "hold" rating and a $240.00 price objective for the company. The Goldman Sachs Group increased their price target on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lifted 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Watts Water Technologies presently has an average rating of "Hold" and a consensus target price of $220.00.

Watts Water Technologies Price Performance

WTS stock traded down $0.75 during trading on Monday, hitting $214.30. 191,405 shares of the stock traded hands, compared to its average volume of 171,262. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a one year low of $175.37 and a one 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. The company has a 50 day simple moving average of $209.09 and a 200 day simple moving average of $206.21.

Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its earnings results 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 net margin of 12.93% and a return on equity of 18.08%. Equities analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.80%. Watts Water Technologies's dividend payout ratio (DPR) is presently 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.