Vontobel Holding Ltd. Makes New $1.27 Million Investment in Watts Water Technologies, Inc. (NYSE:WTS)

Vontobel Holding Ltd. bought a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,261 shares of the technology company's stock, valued at approximately $1,273,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Andina Capital Management LLC increased its position in Watts Water Technologies by 3.3% during the third quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company's stock valued at $342,000 after acquiring an additional 52 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Watts Water Technologies by 59.8% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock worth $32,000 after purchasing an additional 58 shares during the period. Portside Wealth Group LLC grew its holdings in Watts Water Technologies by 2.5% during the 3rd quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company's stock valued at $517,000 after purchasing an additional 60 shares during the last quarter. Empowered Funds LLC grew its holdings in Watts Water Technologies by 3.8% during the 4th quarter. Empowered Funds LLC now owns 1,652 shares of the technology company's stock valued at $336,000 after purchasing an additional 60 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in Watts Water Technologies by 1.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company's stock worth $1,085,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 95.02% of the company's stock.

Watts Water Technologies Stock Down 2.0 %

Shares of WTS traded down $4.34 during mid-day trading on Friday, hitting $215.16. 160,362 shares of the company traded hands, compared to its average volume of 175,625. The company has a market capitalization of $7.17 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 3.41 and a beta of 0.93. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $232.60. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average of $208.11 and a 200 day moving average of $203.96.

Watts Water Technologies (NYSE:WTS - Get Free Report) last released its earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

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 issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, February 28th. Watts Water Technologies's dividend payout ratio (DPR) is 19.79%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began 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. Northcoast Research upgraded Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price objective for the company in a research note on Monday, November 4th. Finally, Stifel Nicolaus boosted their target price 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $220.00.

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.