Zurcher Kantonalbank Zurich Cantonalbank Acquires 7,150 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,225 shares of the technology company's stock after buying an additional 7,150 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.25% of Watts Water Technologies worth $16,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock worth $32,000 after buying an additional 58 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Watts Water Technologies by 660.3% in the fourth quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company's stock worth $113,000 after buying an additional 482 shares in the last quarter. Leavell Investment Management Inc. bought a new position in shares of Watts Water Technologies in the fourth quarter worth approximately $205,000. Quantinno Capital Management LP purchased a new position in shares of Watts Water Technologies during the third quarter valued at approximately $231,000. Finally, PFW Advisors LLC bought a new position in Watts Water Technologies during the fourth quarter valued at approximately $233,000. Institutional investors own 95.02% of the company's stock.

Insider Buying and Selling at Watts Water Technologies

In other news, insider Elie Melhem sold 4,397 shares of the firm's 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 sale, the insider now directly owns 10,469 shares in the company, valued at $2,204,038.57. This trade represents a 29.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Watts Water Technologies Trading Down 0.1 %

Shares of Watts Water Technologies stock opened at $208.91 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. The stock has a market capitalization of $6.96 billion, a PE ratio of 24.04, a P/E/G 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. The company's fifty day simple moving average is $209.55 and its 200-day simple moving average is $206.55.

Remove Ads

Watts Water Technologies (NYSE:WTS - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) 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%. As a group, equities analysts anticipate 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. 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 0.82%. The ex-dividend date is Friday, February 28th. Watts Water Technologies's payout ratio is 19.79%.

Analyst Upgrades and Downgrades

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

Want to see what other hedge funds are holding WTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watts Water Technologies, Inc. (NYSE:WTS - Free Report).

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.