5,068 Shares in Watts Water Technologies, Inc. (NYSE:WTS) Acquired by Voleon Capital Management LP

Voleon Capital Management LP acquired a new position in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,068 shares of the technology company's stock, valued at approximately $1,030,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WTS. UMB Bank n.a. increased its holdings in 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 purchasing an additional 58 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Watts Water Technologies by 329.1% during the fourth quarter. Headlands Technologies LLC now owns 236 shares of the technology company's stock worth $48,000 after buying an additional 181 shares in the last quarter. Huntington National Bank raised its position in Watts Water Technologies by 60.5% in the 4th quarter. Huntington National Bank now owns 366 shares of the technology company's stock valued at $74,000 after buying an additional 138 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Watts Water Technologies by 660.3% in the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company's stock valued at $113,000 after acquiring an additional 482 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in 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 acquiring an additional 176 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WTS has been the topic of a number of recent research reports. Stifel Nicolaus upgraded shares of Watts Water Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $219.00 to $229.00 in a report on Wednesday, April 16th. The Goldman Sachs Group lifted their price target 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $222.00.

Watts Water Technologies Stock Performance

NYSE WTS traded down $0.99 on Tuesday, hitting $212.69. 30,280 shares of the stock were exchanged, compared to its average volume of 169,024. The company has a market capitalization of $7.09 billion, a PE ratio of 24.49, a P/E/G ratio of 3.42 and a beta of 1.08. 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 business's fifty day moving average is $204.36 and its 200 day moving average is $207.14. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $232.60.

Watts Water Technologies (NYSE:WTS - Get Free Report) last issued its earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (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%. Research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.98%. This is a boost from Watts Water Technologies's previous quarterly dividend of $0.43. Watts Water Technologies's dividend payout ratio is 19.79%.

Insider Buying and Selling at Watts Water Technologies

In other 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 transaction of $925,700.41. Following the completion of the sale, the insider now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.