2,010 Shares in Watts Water Technologies, Inc. (NYSE:WTS) Purchased by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,010 shares of the technology company's stock, valued at approximately $409,000.

A number of other large investors have also recently made changes to their positions in WTS. Arizona State Retirement System raised its stake in shares of Watts Water Technologies by 0.7% during the fourth quarter. Arizona State Retirement System now owns 7,950 shares of the technology company's stock valued at $1,616,000 after acquiring an additional 56 shares in the last quarter. Andina Capital Management LLC increased its stake in shares of Watts Water Technologies by 3.5% during the fourth quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company's stock valued at $347,000 after buying an additional 58 shares during the period. UMB Bank n.a. raised its holdings 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 valued at $32,000 after acquiring an additional 58 shares in the last quarter. Cerity Partners LLC grew its holdings in Watts Water Technologies by 0.5% during the 4th quarter. Cerity Partners LLC now owns 12,410 shares of the technology company's stock worth $2,541,000 after acquiring an additional 58 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Watts Water Technologies by 3.8% during the 4th quarter. Empowered Funds LLC now owns 1,652 shares of the technology company's stock valued at $336,000 after purchasing an additional 60 shares during the period. 95.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Watts Water Technologies

In other news, insider Monica Barry sold 768 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $245.40, for a total transaction of $188,467.20. Following the completion of the sale, the insider now owns 6,236 shares in the company, valued at approximately $1,530,314.40. This represents a 10.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shashank Patel sold 8,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $245.00, for a total transaction of $1,960,000.00. Following the completion of the sale, the chief financial officer now owns 2,754 shares of the company's stock, valued at approximately $674,730. The trade was a 74.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,165 shares of company stock worth $3,074,168. 1.00% of the stock is currently owned by insiders.

Watts Water Technologies Price Performance

Shares of NYSE WTS traded down $2.03 during trading on Monday, reaching $236.99. The company had a trading volume of 154,170 shares, compared to its average volume of 175,679. The stock has a market capitalization of $7.90 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 3.42 and a beta of 1.08. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $248.17. The company has a current ratio of 2.59, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $211.50 and a two-hundred day moving average price of $210.76.

Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.25. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. The firm had revenue of $558.00 million during the quarter, compared to the consensus estimate of $547.58 million. During the same quarter in the previous year, the business earned $2.33 earnings per share. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.88%. This is an increase 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 (DPR) is 23.83%.

Analyst Ratings Changes

Several brokerages recently issued reports on WTS. The Goldman Sachs Group lifted their price objective on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Stifel Nicolaus raised shares of Watts Water Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $219.00 to $229.00 in a report on Wednesday, April 16th. Finally, Northcoast Research downgraded shares of Watts Water Technologies from a "buy" rating to a "neutral" rating in a report on Friday, May 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $222.00.

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.