Voya Investment Management LLC Has $20.07 Million Stake in Watts Water Technologies, Inc. (NYSE:WTS)

Voya Investment Management LLC lessened its stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,730 shares of the technology company's stock after selling 1,379 shares during the quarter. Voya Investment Management LLC owned 0.30% of Watts Water Technologies worth $20,072,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WTS. UMB Bank n.a. lifted its stake in Watts Water Technologies by 59.8% in the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock valued at $32,000 after purchasing an additional 58 shares during the last quarter. Headlands Technologies LLC grew its stake in Watts Water Technologies by 329.1% during the fourth quarter. Headlands Technologies LLC now owns 236 shares of the technology company's stock worth $48,000 after buying an additional 181 shares in the last quarter. Huntington National Bank increased its stake in Watts Water Technologies by 60.5% in the fourth quarter. Huntington National Bank now owns 366 shares of the technology company's stock valued at $74,000 after acquiring an additional 138 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Watts Water Technologies by 660.3% during the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company's stock worth $113,000 after buying an additional 482 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Watts Water Technologies by 45.2% in the fourth quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company's stock worth $115,000 after acquiring an additional 176 shares during the last quarter. 95.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction dated 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 transaction, the insider now directly owns 10,469 shares of the company's stock, valued at $2,204,038.57. The trade was a 29.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

Watts Water Technologies Stock Down 1.3 %

Shares of NYSE:WTS opened at $206.82 on Friday. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 3.42 and a beta of 0.95. The stock has a fifty day simple moving average of $205.06 and a two-hundred day simple moving average of $207.00. Watts Water Technologies, Inc. has a 12-month low of $175.37 and a 12-month 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.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its earnings results 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, research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 0.83%. Watts Water Technologies's payout ratio is currently 19.79%.

Analysts Set New Price Targets

A number of research firms have commented on WTS. The Goldman Sachs Group upped their price target on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Stifel Nicolaus upgraded shares of Watts Water Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $219.00 to $229.00 in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $222.00.

About Watts Water Technologies

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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