Watts Water Technologies, Inc. (NYSE:WTS) Holdings Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,995 shares of the technology company's stock after purchasing an additional 1,193 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Watts Water Technologies worth $4,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. increased its position in shares of Watts Water Technologies by 59.8% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock valued at $32,000 after purchasing an additional 58 shares during the period. Headlands Technologies LLC increased its position in shares of Watts Water Technologies by 329.1% during the 4th quarter. Headlands Technologies LLC now owns 236 shares of the technology company's stock valued at $48,000 after purchasing an additional 181 shares during the period. Huntington National Bank increased its position in shares of Watts Water Technologies by 60.5% during the 4th quarter. Huntington National Bank now owns 366 shares of the technology company's stock valued at $74,000 after purchasing an additional 138 shares during the period. Jones Financial Companies Lllp increased its position in shares of Watts Water Technologies by 660.3% during the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company's stock valued at $113,000 after purchasing an additional 482 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Watts Water Technologies by 45.2% during the 4th quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company's stock valued at $115,000 after purchasing an additional 176 shares during the period. Institutional investors own 95.02% of the company's stock.

Watts Water Technologies Stock Performance

WTS opened at $246.33 on Tuesday. The firm has a market cap of $8.21 billion, a PE ratio of 28.35, a P/E/G ratio of 3.42 and a beta of 1.08. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $209.23 and a 200-day simple moving average of $209.77. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $248.17.

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

Watts Water Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.52 per share. This is an increase from Watts Water Technologies's previous quarterly dividend of $0.43. The ex-dividend date is Friday, May 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.84%. Watts Water Technologies's payout ratio is currently 23.83%.

Insider Activity at Watts Water Technologies

In other Watts Water Technologies news, insider Monica Barry sold 768 shares of Watts Water Technologies stock in a transaction dated 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 now owns 6,236 shares of the company's stock, valued at $1,530,314.40. The trade was a 10.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 directly owns 2,754 shares of the company's stock, valued at $674,730. This trade represents a 74.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,165 shares of company stock valued at $3,074,168. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

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

Watts Water Technologies Company Profile

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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