Watts Water Technologies, Inc. (NYSE:WTS) Stake Boosted by Allworth Financial LP

Allworth Financial LP grew its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 47.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 174 shares of the technology company’s stock after acquiring an additional 56 shares during the period. Allworth Financial LP’s holdings in Watts Water Technologies were worth $36,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Watts Water Technologies by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,188,071 shares of the technology company’s stock valued at $550,962,000 after acquiring an additional 29,113 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Watts Water Technologies by 1.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,128,516 shares of the technology company’s stock valued at $358,272,000 after acquiring an additional 36,810 shares in the last quarter. State Street Corp grew its holdings in shares of Watts Water Technologies by 0.5% during the 2nd quarter. State Street Corp now owns 913,288 shares of the technology company’s stock valued at $167,798,000 after acquiring an additional 4,499 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Watts Water Technologies by 25.2% during the 1st quarter. Invesco Ltd. now owns 691,779 shares of the technology company’s stock valued at $96,565,000 after acquiring an additional 139,042 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Watts Water Technologies by 13.5% during the 4th quarter. Victory Capital Management Inc. now owns 691,138 shares of the technology company’s stock valued at $101,065,000 after acquiring an additional 82,366 shares in the last quarter. 95.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WTS. Robert W. Baird lifted their price objective on shares of Watts Water Technologies from $191.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Stifel Nicolaus lifted their price objective on shares of Watts Water Technologies from $199.00 to $206.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $190.60.

Watts Water Technologies Stock Down 0.8 %

WTS stock opened at $200.72 on Monday. The firm has a market cap of $6.68 billion, a PE ratio of 25.67, a PEG ratio of 2.95 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. Watts Water Technologies, Inc. has a 1 year low of $156.29 and a 1 year high of $219.52. The company has a fifty day simple moving average of $204.59 and a 200 day simple moving average of $196.30.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Monday, February 12th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.19. The firm had revenue of $547.50 million during the quarter, compared to analyst estimates of $532.58 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. Sell-side analysts anticipate that Watts Water Technologies, Inc. will post 8.52 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 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, February 29th. Watts Water Technologies’s dividend payout ratio is 18.41%.

Insiders Place Their Bets

In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the completion of the transaction, the chief accounting officer now owns 14,818 shares of the company’s stock, valued at approximately $2,994,865.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Timothy P. Horne sold 764 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $199.00, for a total transaction of $152,036.00. Following the completion of the transaction, the insider now owns 14,236 shares of the company’s stock, valued at $2,832,964. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Virginia A. Halloran sold 1,520 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the transaction, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at approximately $2,994,865.98. The disclosure for this sale can be found here. Insiders sold a total of 5,113 shares of company stock valued at $1,023,106 in the last quarter. Insiders own 1.10% of the company’s stock.

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.