Nomura Holdings Inc. purchased a new position in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,626 shares of the technology company's stock, valued at approximately $737,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC increased its stake in shares of Watts Water Technologies by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 155,821 shares of the technology company's stock worth $31,678,000 after acquiring an additional 849 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Watts Water Technologies by 6.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,995 shares of the technology company's stock valued at $4,065,000 after acquiring an additional 1,193 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Watts Water Technologies in the 4th quarter valued at about $822,000. D. E. Shaw & Co. Inc. boosted its holdings in Watts Water Technologies by 11.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 49,696 shares of the technology company's stock worth $10,103,000 after buying an additional 4,933 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Watts Water Technologies by 15.5% during the 4th quarter. Deutsche Bank AG now owns 55,475 shares of the technology company's stock valued at $11,278,000 after acquiring an additional 7,449 shares during the period. 95.02% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Watts Water Technologies
In other news, CFO Shashank Patel sold 8,000 shares of the company's 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 transaction, the chief financial officer now directly owns 2,754 shares of the company's stock, valued at approximately $674,730. This represents a 74.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elie Melhem sold 4,397 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 10,469 shares in the company, valued at approximately $2,204,038.57. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,165 shares of company stock valued at $3,074,168 over the last three months. 1.00% of the stock is owned by company insiders.
Watts Water Technologies Trading Down 0.8%
Shares of NYSE:WTS traded down $2.03 during midday trading on Monday, reaching $236.99. The company's stock had a trading volume of 154,170 shares, compared to its average volume of 175,679. The business has a 50 day moving average price of $211.50 and a 200 day moving average price of $210.76. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $248.17. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 3.42 and a beta of 1.08.
Watts Water Technologies (NYSE:WTS - Get Free Report) last announced 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. The company had revenue of $558.00 million for the quarter, compared to analyst estimates of $547.58 million. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. Watts Water Technologies's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. Research analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.
Watts Water Technologies Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.52 per share. This is an increase from Watts Water Technologies's previous quarterly dividend of $0.43. This represents a $2.08 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, May 30th. Watts Water Technologies's payout ratio is currently 23.83%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on WTS. Northcoast Research downgraded Watts Water Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, May 16th. The Goldman Sachs Group raised their price objective on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus upgraded Watts Water Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $219.00 to $229.00 in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $222.00.
View Our Latest Research Report on WTS
About Watts Water Technologies
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Free Report)
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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