17,038 Shares in Watts Water Technologies, Inc. (NYSE:WTS) Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,038 shares of the technology company's stock, valued at approximately $3,550,000. BI Asset Management Fondsmaeglerselskab A S owned about 0.05% of Watts Water Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WTS. Allworth Financial LP lifted its stake in Watts Water Technologies by 47.5% in the fourth quarter. Allworth Financial LP now owns 174 shares of the technology company's stock worth $36,000 after purchasing an additional 56 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Watts Water Technologies by 3.2% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,025 shares of the technology company's stock valued at $350,000 after acquiring an additional 62 shares during the period. QRG Capital Management Inc. increased its position in shares of Watts Water Technologies by 3.4% in the fourth quarter. QRG Capital Management Inc. now owns 2,013 shares of the technology company's stock valued at $419,000 after acquiring an additional 66 shares during the period. Prime Capital Investment Advisors LLC increased its position in shares of Watts Water Technologies by 6.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,404 shares of the technology company's stock valued at $243,000 after acquiring an additional 84 shares during the period. Finally, Retirement Systems of Alabama increased its position in shares of Watts Water Technologies by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 34,277 shares of the technology company's stock valued at $7,141,000 after acquiring an additional 87 shares during the period. 95.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

WTS has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Watts Water Technologies from $212.00 to $225.00 and gave the company a "neutral" rating in a research report on Friday, May 10th. Stifel Nicolaus boosted their price objective on shares of Watts Water Technologies from $206.00 to $209.00 and gave the company a "hold" rating in a research report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $199.50.

Watts Water Technologies Trading Up 1.1 %

Shares of NYSE WTS traded up $2.31 during midday trading on Monday, hitting $217.19. 82,470 shares of the company traded hands, compared to its average volume of 127,592. Watts Water Technologies, Inc. has a 12-month low of $156.85 and a 12-month high of $219.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.44 and a current ratio of 2.48. The stock has a 50-day moving average price of $206.32 and a 200 day moving average price of $202.00. The firm has a market cap of $7.23 billion, a P/E ratio of 26.98, a P/E/G ratio of 3.13 and a beta of 0.95.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.22. Watts Water Technologies had a net margin of 12.53% and a return on equity of 19.61%. The company had revenue of $570.90 million for the quarter, compared to analysts' expectations of $547.20 million. During the same quarter in the previous year, the company earned $1.92 earnings per share. Watts Water Technologies's quarterly revenue was up 21.0% on a year-over-year basis. As a group, analysts expect that Watts Water Technologies, Inc. will post 8.57 earnings per share for the current year.

Watts Water Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.72 annualized dividend and a dividend yield of 0.79%. This is a boost from Watts Water Technologies's previous quarterly dividend of $0.36. Watts Water Technologies's payout ratio is currently 17.87%.

Insiders Place Their Bets

In other Watts Water Technologies news, Director Michael J. Dubose sold 329 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $197.91, for a total value of $65,112.39. Following the sale, the director now owns 2,392 shares in the company, valued at $473,400.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 764 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $199.00, for a total value of $152,036.00. Following the sale, the insider now owns 14,236 shares in the company, valued at $2,832,964. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael J. Dubose sold 329 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $197.91, for a total transaction of $65,112.39. Following the completion of the sale, the director now owns 2,392 shares in the company, valued at approximately $473,400.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,613 shares of company stock worth $524,356. 1.10% of the stock is currently owned by company insiders.

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.