Y Intercept Hong Kong Ltd trimmed its position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 73.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,010 shares of the technology company's stock after selling 2,865 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Watts Water Technologies were worth $205,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of WTS. UMB Bank n.a. raised its position in Watts Water Technologies by 59.8% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock valued at $32,000 after acquiring an additional 58 shares in the last quarter. Andina Capital Management LLC raised its position in Watts Water Technologies by 3.5% during the fourth quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company's stock valued at $347,000 after acquiring an additional 58 shares in the last quarter. Portside Wealth Group LLC raised its position in Watts Water Technologies by 2.5% during the third quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company's stock valued at $517,000 after acquiring an additional 60 shares in the last quarter. Empowered Funds LLC raised its position in Watts Water Technologies by 3.8% during the fourth quarter. Empowered Funds LLC now owns 1,652 shares of the technology company's stock valued at $336,000 after acquiring an additional 60 shares in 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 period. 95.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have commented on WTS. Stifel Nicolaus raised their price objective on Watts Water Technologies from $218.00 to $219.00 and gave the company a "hold" rating in a report on Wednesday, February 12th. 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 price objective on the stock. Finally, The Goldman Sachs Group raised their price objective on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" 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's stock. Based on data from MarketBeat.com, Watts Water Technologies has an average rating of "Hold" and a consensus target price of $220.00.
Read Our Latest Stock Report on WTS
Watts Water Technologies Price Performance
Shares of NYSE:WTS traded up $3.29 during trading on Friday, reaching $214.96. The stock had a trading volume of 149,842 shares, compared to its average volume of 170,805. 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 business has a fifty day moving average price of $209.09 and a 200-day moving average price of $206.06. The stock has a market cap of $7.16 billion, a PE ratio of 24.74, 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.
Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping 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, equities analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.
Watts Water Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, February 28th. Watts Water Technologies's dividend payout ratio (DPR) is currently 19.79%.
Watts Water Technologies Profile
(
Free Report)
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.
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