Mirova US LLC Has $143.10 Million Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Mirova US LLC lowered its position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 703,906 shares of the technology company's stock after selling 20,476 shares during the period. Watts Water Technologies makes up about 1.7% of Mirova US LLC's investment portfolio, making the stock its 23rd biggest position. Mirova US LLC owned approximately 2.11% of Watts Water Technologies worth $143,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. 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 buying an additional 58 shares in the last quarter. Jones Financial Companies Lllp increased 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 during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Watts Water Technologies by 45.2% during the 4th quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company's stock worth $115,000 after buying an additional 176 shares during the last quarter. Leavell Investment Management Inc. acquired a new stake in shares of Watts Water Technologies during the 4th quarter worth $205,000. Finally, Quantinno Capital Management LP acquired a new stake in Watts Water Technologies in the 3rd quarter valued at $231,000. Institutional investors and hedge funds own 95.02% of the company's stock.

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Watts Water Technologies Stock Performance

WTS traded down $3.08 during trading on Friday, hitting $207.23. The stock had a trading volume of 1,035,244 shares, compared to its average volume of 152,871. The firm has a market cap of $6.90 billion, a PE ratio of 23.85, a P/E/G ratio of 3.42 and a beta of 0.93. 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. The company has a 50 day simple moving average of $210.96 and a 200-day simple moving average of $207.25.

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

Watts Water Technologies Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on WTS. The Goldman Sachs Group increased their price target on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They set a "hold" rating and a $240.00 target price for the company. 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 research report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $220.00.

Insider Buying and Selling

In related news, insider Elie Melhem sold 4,397 shares of the stock in a transaction 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 transaction, the insider now owns 10,469 shares in the company, valued at approximately $2,204,038.57. This represents a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

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.