Watts Water Technologies, Inc. (NYSE:WTS) Shares Bought by Boston Partners

Boston Partners lifted its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 632,155 shares of the technology company's stock after purchasing an additional 44,465 shares during the quarter. Boston Partners owned about 1.90% of Watts Water Technologies worth $128,527,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Arizona State Retirement System raised its position in 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 worth $1,616,000 after acquiring an additional 56 shares in the last quarter. UMB Bank n.a. grew its holdings in Watts Water Technologies by 59.8% in the fourth 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. Andina Capital Management LLC grew its holdings in Watts Water Technologies by 3.5% in the fourth quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company's stock valued at $347,000 after purchasing an additional 58 shares during the last quarter. Empowered Funds LLC grew its holdings in Watts Water Technologies by 3.8% in the fourth 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 grew its holdings in Watts Water Technologies by 1.3% in the third quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company's stock valued at $1,085,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 95.02% of the company's stock.

Remove Ads

Insider Buying and Selling

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the transaction, the insider now directly owns 10,469 shares of the company's stock, valued at $2,204,038.57. This represents a 29.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on WTS. 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 report on Wednesday, February 12th. Stifel Nicolaus upped their target price on Watts Water Technologies from $218.00 to $219.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a report on Tuesday, December 17th. They issued a "hold" rating and a $240.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $220.00.

Watts Water Technologies Trading Down 1.5 %

Shares of NYSE WTS traded down $3.08 during midday trading on Friday, hitting $207.23. The stock had a trading volume of 1,035,244 shares, compared to its average volume of 152,952. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 3.42 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 company has a fifty day moving average price of $210.96 and a 200 day moving average price of $207.35.

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

Watts Water Technologies Dividend Announcement

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

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.