New York Life Investment Management LLC Sells 400 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

New York Life Investment Management LLC cut its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 7.5% in the 4th quarter, HoldingsChannel reports. The fund owned 4,902 shares of the technology company’s stock after selling 400 shares during the quarter. New York Life Investment Management LLC’s holdings in Watts Water Technologies were worth $1,021,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mach 1 Financial Group LLC purchased a new stake in shares of Watts Water Technologies during the fourth quarter valued at approximately $219,000. Norden Group LLC purchased a new stake in Watts Water Technologies during the 4th quarter valued at $641,000. Van ECK Associates Corp grew its holdings in Watts Water Technologies by 34.2% in the 4th quarter. Van ECK Associates Corp now owns 8,173 shares of the technology company’s stock worth $1,703,000 after acquiring an additional 2,085 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of Watts Water Technologies by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 34,277 shares of the technology company’s stock valued at $7,141,000 after acquiring an additional 87 shares during the period. Finally, Alliance Wealth Advisors LLC UT bought a new position in shares of Watts Water Technologies during the fourth quarter valued at about $340,000. 95.02% of the stock is currently owned by institutional investors.

Insider Activity at Watts Water Technologies

In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was 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 $2,994,865.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Watts Water Technologies news, 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 value of $307,207.20. Following the sale, the chief accounting officer now owns 14,818 shares in the company, valued at $2,994,865.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael J. Dubose sold 329 shares of Watts Water Technologies stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $197.91, for a total transaction of $65,112.39. Following the transaction, the director now owns 2,392 shares of the company’s stock, valued at $473,400.72. The disclosure for this sale can be found here. Insiders have sold 5,113 shares of company stock worth $1,023,106 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WTS has been the topic of several recent analyst reports. Robert W. Baird raised their target price on Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Stifel Nicolaus lifted their price objective on Watts Water Technologies from $206.00 to $209.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Watts Water Technologies presently has a consensus rating of “Hold” and a consensus price target of $191.20.

Watts Water Technologies Trading Down 0.6 %

Shares of WTS opened at $209.01 on Wednesday. Watts Water Technologies, Inc. has a 1-year low of $156.85 and a 1-year high of $219.52. The company has a current ratio of 2.61, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $204.76 and its 200-day moving average price is $199.61. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 3.00 and a beta of 0.95.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.19. Watts Water Technologies had a return on equity of 19.38% and a net margin of 12.75%. The business had revenue of $547.50 million for the quarter, compared to analysts’ expectations of $532.58 million. During the same period in the previous year, the firm posted $1.60 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that Watts Water Technologies, Inc. will post 8.53 EPS for the current year.

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.