Centiva Capital LP Takes $293,000 Position in Watts Water Technologies, Inc. (NYSE:WTS)

Centiva Capital LP acquired a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,440 shares of the technology company's stock, valued at approximately $293,000.

Several other hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in Watts Water Technologies by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,703 shares of the technology company's stock valued at $64,996,000 after purchasing an additional 3,296 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Watts Water Technologies by 13.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 71,608 shares of the technology company's stock valued at $14,558,000 after buying an additional 8,728 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Watts Water Technologies by 35.2% in the 4th quarter. Van ECK Associates Corp now owns 23,507 shares of the technology company's stock valued at $4,779,000 after acquiring an additional 6,125 shares during the period. SG Americas Securities LLC raised its stake in Watts Water Technologies by 264.1% in the 4th quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company's stock worth $1,236,000 after acquiring an additional 4,410 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Watts Water Technologies by 9.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 82,225 shares of the technology company's stock worth $16,716,000 after acquiring an additional 7,150 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company's stock.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, insider Monica Barry sold 768 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $245.40, for a total value of $188,467.20. Following the completion of the sale, the insider now directly owns 6,236 shares in the company, valued at $1,530,314.40. This represents a 10.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the transaction, the insider now owns 10,469 shares in the company, valued at approximately $2,204,038.57. This represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,165 shares of company stock valued at $3,074,168. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on WTS shares. The Goldman Sachs Group boosted their price target on Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Stifel Nicolaus upgraded Watts Water Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $219.00 to $229.00 in a research report on Wednesday, April 16th. Finally, Northcoast Research cut Watts Water Technologies from a "buy" rating to a "neutral" rating in a report on Friday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Watts Water Technologies has a consensus rating of "Hold" and an average price target of $222.00.

Watts Water Technologies Price Performance

WTS traded up $3.24 during midday trading on Friday, hitting $244.35. 223,733 shares of the company traded hands, compared to its average volume of 174,280. The business has a 50 day simple moving average of $207.78 and a two-hundred day simple moving average of $208.87. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $248.17. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 3.42 and a beta of 1.08. The company has a current ratio of 2.59, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12.

Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.25. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. The firm had revenue of $558.00 million for the quarter, compared to analyst estimates of $547.58 million. During the same period last year, the company posted $2.33 EPS. Watts Water Technologies's quarterly revenue was down 2.3% compared to the same quarter last year. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.85%. This is a boost from Watts Water Technologies's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, May 30th. Watts Water Technologies's dividend payout ratio is 23.83%.

About Watts Water Technologies

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.