Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE trimmed its stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,863 shares of the technology company's stock after selling 1,279 shares during the quarter. Congress Wealth Management LLC DE owned about 0.19% of Watts Water Technologies worth $13,187,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Advantage Alpha Capital Partners LP grew its stake in shares of Watts Water Technologies by 42.6% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 24,637 shares of the technology company's stock worth $5,009,000 after acquiring an additional 7,355 shares during the period. LPL Financial LLC lifted its holdings in Watts Water Technologies by 20.7% during the fourth quarter. LPL Financial LLC now owns 7,459 shares of the technology company's stock valued at $1,517,000 after purchasing an additional 1,277 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Watts Water Technologies in the fourth quarter worth about $1,138,000. Sei Investments Co. raised its position in shares of Watts Water Technologies by 10.3% in the fourth quarter. Sei Investments Co. now owns 33,932 shares of the technology company's stock valued at $6,898,000 after purchasing an additional 3,159 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Watts Water Technologies by 90.3% during the 4th quarter. American Century Companies Inc. now owns 30,111 shares of the technology company's stock valued at $6,122,000 after buying an additional 14,288 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WTS shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They set a "hold" rating and a $240.00 target price on the stock. The Goldman Sachs Group lifted 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. Finally, Stifel Nicolaus increased their price target 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $220.00.

Insider Transactions at Watts Water Technologies

In other news, insider Elie Melhem sold 4,397 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the transaction, the insider now owns 10,469 shares in the company, valued at $2,204,038.57. This represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Watts Water Technologies Trading Down 0.7 %

WTS traded down $1.55 on Thursday, hitting $210.75. The company had a trading volume of 31,753 shares, compared to its average volume of 153,137. Watts Water Technologies, Inc. has a 12-month low of $175.37 and a 12-month high of $232.60. The business's fifty day simple moving average is $211.56 and its 200 day simple moving average is $207.80. The company has a market cap of $7.02 billion, a PE ratio of 24.27, a PEG ratio of 3.42 and a beta of 0.93. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12.

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

Watts Water Technologies Dividend Announcement

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