Bank of Montreal Can Purchases 471 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Bank of Montreal Can raised its position in Watts Water Technologies, Inc. (NYSE:WTS) by 16.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,345 shares of the technology company’s stock after acquiring an additional 471 shares during the period. Bank of Montreal Can’s holdings in Watts Water Technologies were worth $680,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of WTS. JPMorgan Chase & Co. boosted its holdings in Watts Water Technologies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company’s stock worth $55,411,000 after purchasing an additional 12,159 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Watts Water Technologies by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,703 shares of the technology company’s stock worth $64,996,000 after buying an additional 3,296 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Watts Water Technologies by 35.2% during the 4th quarter. Van ECK Associates Corp now owns 23,507 shares of the technology company’s stock worth $4,779,000 after buying an additional 6,125 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Watts Water Technologies by 264.1% in the fourth quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company’s stock valued at $1,236,000 after acquiring an additional 4,410 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Watts Water Technologies by 9.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 82,225 shares of the technology company’s stock worth $16,716,000 after acquiring an additional 7,150 shares in the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Insiders Place Their Bets

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the transaction, the insider now owns 10,469 shares in the company, valued at $2,204,038.57. This represents a 29.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Watts Water Technologies Stock Down 0.1 %

WTS stock opened at $197.32 on Monday. The business’s 50 day simple moving average is $206.41 and its 200 day simple moving average is $207.06. Watts Water Technologies, Inc. has a 1-year low of $175.37 and a 1-year high of $232.60. The firm has a market capitalization of $6.57 billion, a PE ratio of 22.71, a PEG ratio of 3.42 and a beta of 0.95. The company has a current ratio of 2.59, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share 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%. As a group, research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, February 28th. Watts Water Technologies’s dividend payout ratio is 19.79%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WTS. The Goldman Sachs Group boosted their price target on Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Stifel Nicolaus upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $219.00 to $229.00 in a research note on Wednesday, April 16th. Three investment 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $222.00.

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.