Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 69.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,770 shares of the technology company's stock after selling 8,614 shares during the quarter. Trexquant Investment LP's holdings in Watts Water Technologies were worth $766,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in WTS. JPMorgan Chase & Co. lifted its position in shares of Watts Water Technologies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company's stock worth $55,411,000 after buying an additional 12,159 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Watts Water Technologies by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,703 shares of the technology company's stock valued at $64,996,000 after acquiring an additional 3,296 shares during the last quarter. State Street Corp grew its holdings in shares of Watts Water Technologies by 0.9% in the third quarter. State Street Corp now owns 977,000 shares of the technology company's stock valued at $202,425,000 after purchasing an additional 8,314 shares in the last quarter. Van ECK Associates Corp raised its stake in Watts Water Technologies by 35.2% during the fourth quarter. Van ECK Associates Corp now owns 23,507 shares of the technology company's stock valued at $4,779,000 after purchasing an additional 6,125 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Watts Water Technologies by 264.1% in the 4th quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company's stock worth $1,236,000 after buying an additional 4,410 shares in the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.

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Watts Water Technologies Trading Down 1.0 %

Shares of NYSE:WTS traded down $2.05 during trading on Wednesday, reaching $196.24. 173,365 shares of the company were exchanged, compared to its average volume of 190,241. The business's fifty day simple moving average is $207.34 and its 200-day simple moving average is $207.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. Watts Water Technologies, Inc. has a 12-month low of $175.37 and a 12-month high of $232.60. The firm has a market capitalization of $6.54 billion, a PE ratio of 22.58, a P/E/G ratio of 3.42 and a beta of 0.95.

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 for the quarter, beating analysts' consensus estimates 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, research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, February 28th. Watts Water Technologies's dividend payout ratio (DPR) is 19.79%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They issued a "hold" rating and a $240.00 price target for the company. The Goldman Sachs Group raised their price target 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, Stifel Nicolaus upgraded shares of Watts Water Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $219.00 to $229.00 in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $222.00.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction dated 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 owns 10,469 shares in the company, valued at $2,204,038.57. The trade was a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.

Watts Water Technologies 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.