Watts Water Technologies, Inc. (NYSE:WTS) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. grew its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 61.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,472 shares of the technology company's stock after acquiring an additional 20,670 shares during the quarter. Natixis Advisors L.P. owned 0.16% of Watts Water Technologies worth $11,347,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WTS. Mach 1 Financial Group LLC bought a new stake in Watts Water Technologies in the 4th quarter valued at about $219,000. Norden Group LLC purchased a new stake in shares of Watts Water Technologies during the 4th quarter worth approximately $641,000. Van ECK Associates Corp raised its stake in shares of Watts Water Technologies by 34.2% in the fourth quarter. Van ECK Associates Corp now owns 8,173 shares of the technology company's stock valued at $1,703,000 after buying an additional 2,085 shares during the period. Retirement Systems of Alabama lifted its holdings in Watts Water Technologies by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 34,277 shares of the technology company's stock valued at $7,141,000 after purchasing an additional 87 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT bought a new position in Watts Water Technologies in the 4th quarter worth approximately $340,000. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 2,500 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $199.50, for a total value of $498,750.00. Following the sale, the insider now owns 13,564 shares of the company's stock, valued at approximately $2,706,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Watts Water Technologies news, insider Elie Melhem sold 2,500 shares of the firm's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $199.50, for a total transaction of $498,750.00. Following the transaction, the insider now owns 13,564 shares of the company's stock, valued at $2,706,018. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the completion of the transaction, the chief accounting officer now directly owns 14,818 shares in the company, valued at $2,994,865.98. The disclosure for this sale can be found here. Insiders sold a total of 5,113 shares of company stock worth $1,023,106 over the last three months. Insiders own 1.10% of the company's stock.

Watts Water Technologies Stock Performance

WTS traded up $3.34 on Wednesday, reaching $212.35. 187,587 shares of the stock were exchanged, compared to its average volume of 128,123. Watts Water Technologies, Inc. has a fifty-two week low of $156.85 and a fifty-two week high of $219.52. The company's 50-day moving average price is $204.76 and its 200 day moving average price is $199.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.61 and a quick ratio of 1.63. The firm has a market capitalization of $7.07 billion, a PE ratio of 26.73, a PEG ratio of 3.00 and a beta of 0.95.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its earnings results on Monday, February 12th. The technology company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.19. The business had revenue of $547.50 million during the quarter, compared to the consensus estimate of $532.58 million. Watts Water Technologies had a return on equity of 19.38% and a net margin of 12.75%. During the same period in the prior year, the company posted $1.60 EPS. The business's quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that Watts Water Technologies, Inc. will post 8.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price objective on Watts Water Technologies from $191.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Stifel Nicolaus increased their price objective on Watts Water Technologies from $206.00 to $209.00 and gave the stock a "hold" rating in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Watts Water Technologies has an average rating of "Hold" and an average target price of $191.20.

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.