Watts Water Technologies, Inc. (NYSE:WTS) Shares Acquired by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP increased its holdings in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,637 shares of the technology company's stock after acquiring an additional 7,355 shares during the quarter. Advantage Alpha Capital Partners LP owned about 0.07% of Watts Water Technologies worth $5,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Champlain Investment Partners LLC bought a new stake in Watts Water Technologies in the 3rd quarter worth about $47,238,000. Raymond James Financial Inc. purchased a new stake in Watts Water Technologies during the 4th quarter valued at $23,044,000. Erste Asset Management GmbH bought a new position in shares of Watts Water Technologies during the 3rd quarter valued at $10,792,000. Wealthfront Advisers LLC bought a new stake in shares of Watts Water Technologies in the fourth quarter worth $9,773,000. Finally, Boston Partners grew its stake in shares of Watts Water Technologies by 7.6% during the 4th quarter. Boston Partners now owns 632,155 shares of the technology company's stock valued at $128,527,000 after purchasing an additional 44,465 shares during the period. Institutional investors own 95.02% of the company's stock.

Analysts Set New Price Targets

WTS has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their target price on shares of Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft assumed 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 objective on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $220.00.

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Watts Water Technologies Trading Down 1.0 %

Shares of WTS stock traded down $2.18 on Thursday, reaching $210.13. 41,061 shares of the company's stock were exchanged, compared to its average volume of 153,152. 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's fifty day simple moving average is $211.56 and its 200 day simple moving average is $207.80. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $232.60. The stock has a market capitalization of $7.00 billion, a PE ratio of 24.17, a P/E/G ratio of 3.42 and a beta of 0.93.

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 the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. As a group, analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 0.82%. Watts Water Technologies's dividend payout ratio is presently 19.79%.

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 that occurred on Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the completion of the sale, the insider now directly owns 10,469 shares in the company, valued at approximately $2,204,038.57. The trade was a 29.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

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.