The Manufacturers Life Insurance Company raised its stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,012 shares of the technology company's stock after purchasing an additional 5,044 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.20% of Watts Water Technologies worth $13,624,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Susquehanna Fundamental Investments LLC acquired a new position in shares of Watts Water Technologies in the 4th quarter worth approximately $1,916,000. Integrated Wealth Concepts LLC lifted its stake in shares of Watts Water Technologies by 6.9% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,713 shares of the technology company's stock worth $348,000 after acquiring an additional 110 shares during the period. MGO One Seven LLC increased its position in shares of Watts Water Technologies by 14.5% during the 4th quarter. MGO One Seven LLC now owns 2,137 shares of the technology company's stock valued at $434,000 after purchasing an additional 271 shares during the period. Pinebridge Investments L.P. raised its position in Watts Water Technologies by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 14,812 shares of the technology company's stock worth $3,011,000 after acquiring an additional 4,433 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of Watts Water Technologies in the 4th quarter worth approximately $421,000. Institutional investors and hedge funds own 95.02% of the company's stock.
Insider Buying and Selling at Watts Water Technologies
In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies 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 owns 10,469 shares in the company, valued at $2,204,038.57. The trade was a 29.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company's stock.
Watts Water Technologies Trading Down 0.7 %
Shares of WTS stock traded down $1.45 during trading hours on Tuesday, reaching $212.22. The company had a trading volume of 165,787 shares, compared to its average volume of 169,844. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $232.60. 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 market cap of $7.07 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 3.42 and a beta of 1.08. The company has a 50 day moving average of $204.36 and a 200 day moving average of $207.14.
Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, beating the consensus estimate 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, 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.52 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.08 dividend on an annualized basis and a yield of 0.98%. This is an increase from Watts Water Technologies's previous quarterly dividend of $0.43. Watts Water Technologies's dividend payout ratio (DPR) is 19.79%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Stifel Nicolaus upgraded Watts Water Technologies from a "hold" rating to a "buy" rating and increased their price target for the company from $219.00 to $229.00 in a research report on Wednesday, April 16th. The Goldman Sachs Group lifted their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $222.00.
Get Our Latest Analysis on WTS
About Watts Water Technologies
(
Free Report)
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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