Fifth Third Bancorp grew its holdings in Watts Water Technologies, Inc. (NYSE:WTS – Free Report) by 50.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281 shares of the technology company’s stock after purchasing an additional 94 shares during the period. Fifth Third Bancorp’s holdings in Watts Water Technologies were worth $59,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of WTS. Norges Bank bought a new stake in shares of Watts Water Technologies in the 4th quarter worth $38,180,000. Renaissance Technologies LLC boosted its stake in shares of Watts Water Technologies by 188.9% in the 1st quarter. Renaissance Technologies LLC now owns 230,000 shares of the technology company’s stock worth $32,106,000 after buying an additional 150,400 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Watts Water Technologies by 161.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 228,077 shares of the technology company’s stock worth $31,837,000 after buying an additional 140,834 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Watts Water Technologies by 25.2% in the 1st quarter. Invesco Ltd. now owns 691,779 shares of the technology company’s stock worth $96,565,000 after buying an additional 139,042 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Watts Water Technologies by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,883,746 shares of the technology company’s stock worth $362,573,000 after buying an additional 116,455 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.
Insider Buying and Selling at Watts Water Technologies
In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $202.11, for a total transaction of $307,207.20. Following the sale, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at $2,994,865.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Elie Melhem sold 2,500 shares of Watts Water Technologies stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $199.50, for a total value of $498,750.00. Following the sale, the insider now directly owns 13,564 shares of the company’s stock, valued at $2,706,018. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $202.11, for a total value of $307,207.20. Following the completion of the sale, the chief accounting officer now directly owns 14,818 shares in the company, valued at $2,994,865.98. The disclosure for this sale can be found here. Insiders have sold a total of 5,113 shares of company stock valued at $1,023,106 over the last ninety days. 1.10% of the stock is currently owned by company insiders.
Watts Water Technologies Price Performance
NYSE WTS opened at $200.48 on Thursday. The company has a market capitalization of $6.68 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 3.09 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.61. The business’s fifty day moving average is $204.61 and its 200 day moving average is $195.74. Watts Water Technologies, Inc. has a fifty-two week low of $156.29 and a fifty-two week high of $219.52.
Watts Water Technologies (NYSE:WTS – Get Free Report) last released its earnings results on Monday, February 12th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.19. The company had revenue of $547.50 million for the quarter, compared to the consensus estimate of $532.58 million. Watts Water Technologies had a return on equity of 19.38% and a net margin of 12.75%. Watts Water Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 earnings per share. Sell-side analysts predict that Watts Water Technologies, Inc. will post 8.52 earnings per share for the current year.
Watts Water Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. Watts Water Technologies’s dividend payout ratio is presently 18.41%.
Wall Street Analyst Weigh In
WTS has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Watts Water Technologies from $199.00 to $206.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Robert W. Baird raised their price target on Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Watts Water Technologies currently has an average rating of “Hold” and a consensus price target of $190.60.
Check Out Our Latest Report on Watts Water Technologies
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.
Further Reading
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Source: defenseworld.net
