Watts Water Technologies, Inc. (NYSE:WTS) Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its holdings in Watts Water Technologies, Inc. (NYSE:WTSGet Rating) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,976 shares of the technology company’s stock after purchasing an additional 76 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Watts Water Technologies were worth $1,003,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WTS. Victory Capital Management Inc. increased its position in Watts Water Technologies by 89.5% in the 2nd quarter. Victory Capital Management Inc. now owns 566,767 shares of the technology company’s stock valued at $69,622,000 after acquiring an additional 267,654 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Watts Water Technologies by 188.9% in the first quarter. Renaissance Technologies LLC now owns 230,000 shares of the technology company’s stock valued at $32,106,000 after purchasing an additional 150,400 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Watts Water Technologies by 161.4% during the first quarter. Goldman Sachs Group Inc. now owns 228,077 shares of the technology company’s stock worth $31,837,000 after purchasing an additional 140,834 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Watts Water Technologies by 25.2% during the first quarter. Invesco Ltd. now owns 691,779 shares of the technology company’s stock worth $96,565,000 after purchasing an additional 139,042 shares during the period. Finally, Millennium Management LLC grew its position in Watts Water Technologies by 140.3% in the 2nd quarter. Millennium Management LLC now owns 223,460 shares of the technology company’s stock valued at $27,450,000 after buying an additional 130,475 shares during the last quarter. 74.85% of the stock is owned by hedge funds and other institutional investors.

Watts Water Technologies Price Performance

WTS stock opened at $153.87 on Tuesday. The firm has a 50 day moving average of $151.80 and a 200-day moving average of $141.78. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.84 and a beta of 1.01. The company has a current ratio of 2.47, a quick ratio of 1.36 and a debt-to-equity ratio of 0.15. Watts Water Technologies, Inc. has a 12-month low of $116.31 and a 12-month high of $182.77.

Watts Water Technologies (NYSE:WTSGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.22. The firm had revenue of $487.80 million during the quarter, compared to analysts’ expectations of $476.13 million. Watts Water Technologies had a return on equity of 19.81% and a net margin of 11.43%. As a group, equities analysts expect that Watts Water Technologies, Inc. will post 7.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Wednesday, November 30th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 18.15%.

Analysts Set New Price Targets

A number of equities analysts have commented on WTS shares. The Goldman Sachs Group upped their price objective on shares of Watts Water Technologies from $129.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, November 4th. Stifel Nicolaus increased their price target on shares of Watts Water Technologies from $145.00 to $146.00 and gave the stock a “hold” rating in a report on Friday. StockNews.com lowered Watts Water Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, January 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded Watts Water Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $155.00 to $150.00 in a research note on Tuesday, January 10th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $135.80.

About Watts Water Technologies

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Watts Water Technologies, Inc engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks.

See Also

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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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