Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 33.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,010 shares of the technology company's stock after selling 5,122 shares during the quarter. Edgestream Partners L.P.'s holdings in Watts Water Technologies were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in Watts Water Technologies by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 316,407 shares of the technology company's stock worth $65,556,000 after purchasing an additional 9,148 shares in the last quarter. Van ECK Associates Corp grew its stake in Watts Water Technologies by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 17,382 shares of the technology company's stock worth $3,484,000 after purchasing an additional 4,967 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Watts Water Technologies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company's stock worth $55,411,000 after purchasing an additional 12,159 shares in the last quarter. State Street Corp boosted its position in shares of Watts Water Technologies by 0.9% during the 3rd quarter. State Street Corp now owns 977,000 shares of the technology company's stock worth $202,425,000 after acquiring an additional 8,314 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Watts Water Technologies by 264.1% during the 4th quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company's stock worth $1,236,000 after acquiring an additional 4,410 shares in the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.

Watts Water Technologies Stock Up 1.6 %

Watts Water Technologies stock opened at $214.96 on Monday. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $232.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59. The company has a market capitalization of $7.16 billion, a P/E ratio of 24.74, a PEG ratio of 3.42 and a beta of 0.93. The stock has a 50-day simple moving average of $209.09 and a 200-day simple moving average of $206.21.

Remove Ads

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

Watts Water Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, February 28th. Watts Water Technologies's payout ratio is currently 19.79%.

Wall Street Analysts Forecast Growth

WTS has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on Watts Water Technologies from $197.00 to $217.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They set a "hold" rating and a $240.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $220.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.