PDT Partners LLC Has $2.76 Million Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

PDT Partners LLC cut its position in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 32.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,590 shares of the technology company's stock after selling 6,578 shares during the quarter. PDT Partners LLC's holdings in Watts Water Technologies were worth $2,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. boosted its stake 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 worth $32,000 after buying an additional 58 shares during the last quarter. Headlands Technologies LLC boosted its position in Watts Water Technologies by 329.1% during the fourth 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 last quarter. Huntington National Bank grew its stake in Watts Water Technologies by 60.5% in the fourth quarter. Huntington National Bank now owns 366 shares of the technology company's stock valued at $74,000 after purchasing an additional 138 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Watts Water Technologies by 660.3% in the fourth 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 in the last quarter. 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 worth $115,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company's stock.

Insider Transactions at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of the company'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 transaction, the insider now directly owns 10,469 shares in the company, valued at approximately $2,204,038.57. This represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Stifel Nicolaus upgraded shares of Watts Water Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $219.00 to $229.00 in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $222.00.

Watts Water Technologies Stock Performance

Watts Water Technologies stock traded up $4.46 during mid-day trading on Friday, hitting $214.98. 143,848 shares of the company's stock traded hands, compared to its average volume of 169,416. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. The firm has a 50 day simple moving average of $204.35 and a two-hundred day simple moving average of $207.09. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $232.60. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 3.42 and a beta of 0.95.

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

Watts Water Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, February 28th. Watts Water Technologies's payout ratio is 19.79%.

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.