Watts Water Technologies, Inc. $WTS Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Watts Water Technologies, Inc. by 8.8%, acquiring an additional 1,755 shares, bringing its total to 21,750 shares valued at approximately $4.43 million.
• Shares of Watts Water Technologies recently saw a price increase of 2.0%, with a current market value of $284.13 and a 52-week high of $285.90.
• Watts Water Technologies declared a quarterly dividend of $0.52 per share, which will be paid on September 15th, representing a 0.7% yield based on its annualized dividend.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 8.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,750 shares of the technology company's stock after acquiring an additional 1,755 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of Watts Water Technologies worth $4,435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC increased its stake in shares of Watts Water Technologies by 10.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,887 shares of the technology company's stock worth $385,000 after acquiring an additional 174 shares during the last quarter. Clark Capital Management Group Inc. acquired a new stake in shares of Watts Water Technologies in the 1st quarter worth $4,310,000. AQR Capital Management LLC increased its stake in shares of Watts Water Technologies by 30.7% in the 1st quarter. AQR Capital Management LLC now owns 111,832 shares of the technology company's stock worth $22,605,000 after acquiring an additional 26,265 shares during the last quarter. Perbak Capital Partners LLP acquired a new stake in shares of Watts Water Technologies in the 1st quarter worth $783,000. Finally, Graham Capital Management L.P. increased its stake in shares of Watts Water Technologies by 364.1% in the 1st quarter. Graham Capital Management L.P. now owns 9,125 shares of the technology company's stock worth $1,861,000 after acquiring an additional 7,159 shares during the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WTS. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Watts Water Technologies in a report on Friday, August 8th. Wall Street Zen cut Watts Water Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. Finally, Stifel Nicolaus increased their price target on Watts Water Technologies from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $245.50.

Insider Buying and Selling

In other Watts Water Technologies news, Director Joseph T. Noonan sold 713 shares of Watts Water Technologies stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $274.45, for a total transaction of $195,682.85. Following the transaction, the director owned 1,194 shares of the company's stock, valued at $327,693.30. The trade was a 37.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Watts Water Technologies Stock Up 1.0%

Shares of NYSE WTS traded up $2.95 during midday trading on Wednesday, hitting $284.22. 8,150 shares of the company's stock were exchanged, compared to its average volume of 196,515. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.59 and a quick ratio of 1.63. Watts Water Technologies, Inc. has a twelve month low of $177.59 and a twelve month high of $285.90. The company has a market cap of $9.48 billion, a PE ratio of 30.56, a P/E/G ratio of 3.38 and a beta of 1.11. The firm's fifty day simple moving average is $267.66 and its 200-day simple moving average is $238.26.

Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The technology company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.41. Watts Water Technologies had a return on equity of 18.11% and a net margin of 13.63%.The business had revenue of $643.70 million for the quarter, compared to analyst estimates of $612.15 million. During the same quarter last year, the company earned $2.46 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. Research analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 29th. Watts Water Technologies's dividend payout ratio (DPR) is 22.37%.

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.