Robeco Schweiz AG Has $14.44 Million Position in Watts Water Technologies, Inc. (NYSE:WTS)

Robeco Schweiz AG cut its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,793 shares of the technology company's stock after selling 1,700 shares during the period. Robeco Schweiz AG owned 0.21% of Watts Water Technologies worth $14,436,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in Watts Water Technologies by 18.6% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,463,375 shares of the technology company's stock worth $500,804,000 after buying an additional 386,333 shares in the last quarter. Boston Partners lifted its position in shares of Watts Water Technologies by 7.6% during the 4th quarter. Boston Partners now owns 632,155 shares of the technology company's stock valued at $128,527,000 after acquiring an additional 44,465 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of Watts Water Technologies by 85.1% during the 4th quarter. Champlain Investment Partners LLC now owns 422,026 shares of the technology company's stock worth $85,798,000 after purchasing an additional 194,033 shares in the last quarter. Northern Trust Corp increased its position in shares of Watts Water Technologies by 11.4% in the fourth quarter. Northern Trust Corp now owns 398,341 shares of the technology company's stock worth $80,983,000 after purchasing an additional 40,738 shares during the period. Finally, KBC Group NV raised its stake in Watts Water Technologies by 0.5% in the first quarter. KBC Group NV now owns 324,669 shares of the technology company's stock valued at $66,207,000 after purchasing an additional 1,662 shares in the last quarter. Institutional investors own 95.02% of the company's stock.

Insider Buying and Selling at Watts Water Technologies

In other news, CFO Shashank Patel sold 8,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $245.00, for a total value of $1,960,000.00. Following the transaction, the chief financial officer owned 2,754 shares in the company, valued at approximately $674,730. The trade was a 74.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Monica Barry sold 768 shares of Watts Water Technologies 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 transaction, the insider directly owned 6,236 shares of the company's stock, valued at $1,530,314.40. This represents a 10.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,768 shares of company stock valued at $3,841,417. 1.00% of the stock is currently owned by company insiders.

Watts Water Technologies Price Performance

Shares of Watts Water Technologies stock traded down $2.42 during midday trading on Monday, hitting $252.22. 213,204 shares of the company traded hands, compared to its average volume of 194,454. The firm's fifty day moving average price is $242.38 and its 200-day moving average price is $218.90. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 3.65 and a beta of 1.12. Watts Water Technologies, Inc. has a 12 month low of $177.59 and a 12 month high of $260.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.53 and a current ratio of 2.46.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.25. Watts Water Technologies had a return on equity of 17.59% and a net margin of 13.07%. The company had revenue of $558.00 million during the quarter, compared to analysts' expectations of $547.58 million. During the same period in the prior year, the company earned $2.33 EPS. Watts Water Technologies's revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.52 dividend. The ex-dividend date was Friday, May 30th. This is a boost from Watts Water Technologies's previous quarterly dividend of $0.43. This represents a $2.08 annualized dividend and a yield of 0.82%. Watts Water Technologies's dividend payout ratio is presently 23.83%.

Wall Street Analyst Weigh In

WTS has been the topic of several recent analyst reports. Stifel Nicolaus set a $275.00 target price on shares of Watts Water Technologies and gave the company a "buy" rating in a report on Wednesday, June 18th. Northcoast Research downgraded shares of Watts Water Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $231.20.

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.