MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stake in Watts Water Technologies, Inc. (NYSE:WTS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,995 shares of the technology company's stock after acquiring an additional 1,193 shares during the period. 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 reporting period.

Several other large investors also recently added to or reduced their stakes in WTS. UMB Bank n.a. grew its stake in shares of Watts Water Technologies by 59.8% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock worth $32,000 after purchasing an additional 58 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Watts Water Technologies by 329.1% in the fourth quarter. Headlands Technologies LLC now owns 236 shares of the technology company's stock worth $48,000 after purchasing an additional 181 shares during the last quarter. Huntington National Bank raised 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 lifted its stake in shares of Watts Water Technologies by 660.3% in 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 grew its holdings in Watts Water Technologies by 45.2% during the 4th quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company's stock worth $115,000 after acquiring an additional 176 shares in the last quarter. 95.02% of the stock is owned by institutional investors.

Watts Water Technologies Price Performance

Shares of WTS stock traded down $2.03 during trading hours on Friday, hitting $236.99. The company's stock had a trading volume of 154,170 shares, compared to its average volume of 175,679. The company has a current ratio of 2.59, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $248.17. The business has a fifty day moving average of $211.50 and a 200-day moving average of $210.76. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 3.42 and a beta of 1.08.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings data 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. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. The company had revenue of $558.00 million for the quarter, compared to analyst estimates of $547.58 million. During the same quarter last year, the firm posted $2.33 EPS. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Watts Water Technologies's previous quarterly dividend of $0.43. Watts Water Technologies's dividend payout ratio is 23.83%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on Watts Water Technologies from $197.00 to $217.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Northcoast Research cut shares of Watts Water Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, May 16th. Finally, Stifel Nicolaus upgraded shares of Watts Water Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $219.00 to $229.00 in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $222.00.

Insider Activity at Watts Water Technologies

In other news, insider Monica Barry sold 768 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $245.40, for a total value of $188,467.20. Following the completion of the sale, the insider now directly owns 6,236 shares of the company's stock, valued at approximately $1,530,314.40. This represents a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elie Melhem sold 4,397 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,165 shares of company stock worth $3,074,168 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Watts Water Technologies 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.