US Bancorp DE raised its position in Watts Water Technologies, Inc. (NYSE:WTS – Free Report) by 192.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,592 shares of the technology company’s stock after buying an additional 8,287 shares during the quarter. US Bancorp DE’s holdings in Watts Water Technologies were worth $2,623,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ontario Teachers Pension Plan Board grew its stake in Watts Water Technologies by 18.5% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 16,522 shares of the technology company’s stock valued at $3,442,000 after acquiring an additional 2,581 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Watts Water Technologies during the 4th quarter worth about $580,000. Quest Partners LLC acquired a new stake in Watts Water Technologies during the 4th quarter worth approximately $115,000. Corient Private Wealth LLC increased its position in Watts Water Technologies by 7.1% during the 4th quarter. Corient Private Wealth LLC now owns 3,160 shares of the technology company’s stock worth $658,000 after purchasing an additional 209 shares in the last quarter. Finally, UBS Group AG increased its position in Watts Water Technologies by 32.3% during the 4th quarter. UBS Group AG now owns 36,660 shares of the technology company’s stock worth $7,638,000 after purchasing an additional 8,942 shares in the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have issued reports on WTS. Stifel Nicolaus increased their price objective on shares of Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Robert W. Baird raised their price target on shares of Watts Water Technologies from $212.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $199.50.
Check Out Our Latest Analysis on Watts Water Technologies
Insider Buying and Selling at Watts Water Technologies
In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 2,194 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $214.39, for a total value of $470,371.66. Following the sale, the insider now directly owns 2,806 shares in the company, valued at $601,578.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Shashank Patel sold 1,508 shares of Watts Water Technologies stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $215.10, for a total transaction of $324,370.80. Following the sale, the chief financial officer now directly owns 20,204 shares in the company, valued at $4,345,880.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Timothy P. Horne sold 2,194 shares of Watts Water Technologies stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $214.39, for a total transaction of $470,371.66. Following the sale, the insider now owns 2,806 shares in the company, valued at $601,578.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,273 shares of company stock worth $1,543,961. 1.10% of the stock is owned by insiders.
Watts Water Technologies Stock Performance
WTS traded up $0.58 during trading hours on Friday, hitting $199.09. 187,541 shares of the stock were exchanged, compared to its average volume of 130,154. The stock has a 50-day simple moving average of $206.99 and a 200-day simple moving average of $203.10. Watts Water Technologies, Inc. has a 12 month low of $156.85 and a 12 month high of $219.52. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 2.88 and a beta of 0.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.48 and a quick ratio of 1.44.
Watts Water Technologies (NYSE:WTS – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.22. Watts Water Technologies had a return on equity of 19.61% and a net margin of 12.53%. The firm had revenue of $570.90 million for the quarter, compared to analysts’ expectations of $547.20 million. During the same period last year, the business posted $1.92 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Analysts anticipate that Watts Water Technologies, Inc. will post 8.57 earnings per share for the current year.
Watts Water Technologies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.86%. This is a boost from Watts Water Technologies’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, May 31st. Watts Water Technologies’s dividend payout ratio (DPR) is presently 17.87%.
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.
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