Pendal Group Ltd boosted its position in Watts Water Technologies, Inc. (NYSE:WTS – Get Rating) by 52.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,758 shares of the technology company’s stock after purchasing an additional 12,999 shares during the period. Pendal Group Ltd owned about 0.11% of Watts Water Technologies worth $5,521,000 as of its most recent SEC filing.
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Several other hedge funds have also recently bought and sold shares of WTS. American Century Companies Inc. increased its stake in Watts Water Technologies by 12.9% in the 1st quarter. American Century Companies Inc. now owns 4,237 shares of the technology company’s stock valued at $591,000 after purchasing an additional 483 shares in the last quarter. US Bancorp DE increased its stake in Watts Water Technologies by 41.6% in the 1st quarter. US Bancorp DE now owns 881 shares of the technology company’s stock valued at $123,000 after purchasing an additional 259 shares in the last quarter. Rhumbline Advisers increased its stake in Watts Water Technologies by 14.8% in the 1st quarter. Rhumbline Advisers now owns 79,951 shares of the technology company’s stock valued at $11,160,000 after purchasing an additional 10,288 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Watts Water Technologies during the 1st quarter valued at $2,395,000. Finally, Lord Abbett & CO. LLC acquired a new stake in Watts Water Technologies during the 1st quarter valued at $14,626,000. 74.85% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut Watts Water Technologies from a “buy” rating to a “hold” rating and lowered their target price for the company from $155.00 to $150.00 in a report on Tuesday, January 10th. They noted that the move was a valuation call. StockNews.com upgraded Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday. The Goldman Sachs Group increased their target price on Watts Water Technologies from $151.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Robert W. Baird increased their target price on Watts Water Technologies from $144.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Finally, Stifel Nicolaus increased their target price on Watts Water Technologies from $145.00 to $146.00 and gave the company a “hold” rating in a report on Friday, January 20th. Six research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Watts Water Technologies currently has a consensus rating of “Hold” and a consensus target price of $147.50.
Watts Water Technologies Price Performance
WTS stock opened at $160.30 on Monday. Watts Water Technologies, Inc. has a 52-week low of $116.31 and a 52-week high of $181.40. The stock’s fifty day simple moving average is $167.63 and its 200-day simple moving average is $151.19. The company has a quick ratio of 1.52, a current ratio of 2.51 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 2.93 and a beta of 1.01.
Watts Water Technologies (NYSE:WTS – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. Watts Water Technologies had a return on equity of 19.75% and a net margin of 12.70%. The business had revenue of $501.90 million for the quarter, compared to analysts’ expectations of $489.21 million. During the same quarter last year, the firm earned $1.42 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Watts Water Technologies, Inc. will post 6.83 EPS for the current year.
Watts Water Technologies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, February 28th. Watts Water Technologies’s payout ratio is currently 16.04%.
Watts Water Technologies Profile
Watts Water Technologies, Inc engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks.
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