Freestone Grove Partners LP Makes New $324,000 Investment in Watts Water Technologies, Inc. (NYSE:WTS)

Freestone Grove Partners LP purchased a new position in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,594 shares of the technology company's stock, valued at approximately $324,000.

A number of other large investors have also made changes to their positions in WTS. UMB Bank n.a. grew its stake in Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock valued at $32,000 after acquiring an additional 58 shares during the period. Headlands Technologies LLC grew its position in shares of Watts Water Technologies by 329.1% in 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 stake in Watts Water Technologies by 60.5% during the 4th quarter. Huntington National Bank now owns 366 shares of the technology company's stock worth $74,000 after purchasing an additional 138 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Watts Water Technologies by 660.3% during the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company's stock worth $113,000 after buying an additional 482 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Watts Water Technologies by 45.2% in the fourth quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company's stock valued at $115,000 after buying an additional 176 shares in the last quarter. Institutional investors own 95.02% of the company's stock.

Watts Water Technologies Stock Up 2.1 %

Shares of WTS stock opened at $214.98 on Monday. The firm's fifty day moving average price is $204.35 and its two-hundred day moving average price is $207.08. 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 1 year low of $175.37 and a 1 year high of $232.60. The firm has a market capitalization of $7.16 billion, a P/E ratio of 24.74, a PEG ratio of 3.42 and a beta of 0.95.

Watts Water Technologies (NYSE:WTS - Get Free Report) last released its earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. On average, equities analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WTS. Stifel Nicolaus upgraded shares of Watts Water Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $219.00 to $229.00 in a report on Wednesday, April 16th. 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 note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Watts Water Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $222.00.

Insider Transactions at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.

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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