Voya Investment Management LLC Has $20.07 Million Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Voya Investment Management LLC reduced its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,730 shares of the technology company's stock after selling 1,379 shares during the period. Voya Investment Management LLC owned 0.30% of Watts Water Technologies worth $20,072,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Arizona State Retirement System boosted its position in shares of Watts Water Technologies by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,950 shares of the technology company's stock valued at $1,616,000 after acquiring an additional 56 shares during the period. UMB Bank n.a. boosted its holdings in Watts Water Technologies by 59.8% in the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock valued at $32,000 after purchasing an additional 58 shares during the period. Andina Capital Management LLC grew its position in Watts Water Technologies by 3.5% in the 4th quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company's stock worth $347,000 after purchasing an additional 58 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Watts Water Technologies by 0.5% during the 4th quarter. Cerity Partners LLC now owns 12,410 shares of the technology company's stock worth $2,541,000 after purchasing an additional 58 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Watts Water Technologies by 3.8% during the 4th quarter. Empowered Funds LLC now owns 1,652 shares of the technology company's stock worth $336,000 after purchasing an additional 60 shares during the period. 95.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the completion of the transaction, the insider now directly owns 10,469 shares of the company's stock, valued at $2,204,038.57. The trade was a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

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

Watts Water Technologies Price Performance

Shares of WTS traded up $2.75 during mid-day trading on Thursday, reaching $210.50. The company had a trading volume of 173,895 shares, compared to its average volume of 169,197. 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 company has a market capitalization of $7.01 billion, a P/E ratio of 24.22, a P/E/G ratio of 3.42 and a beta of 0.95. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60. The company's 50-day moving average is $204.41 and its 200-day moving average is $207.01.

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

Watts Water Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.82%. Watts Water Technologies's dividend payout ratio is 19.79%.

About Watts Water Technologies

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.