Watts Water Technologies, Inc. (NYSE:WTS) Holdings Trimmed by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its position in Watts Water Technologies, Inc. (NYSE:WTS) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,605 shares of the technology company’s stock after selling 154 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Watts Water Technologies were worth $3,043,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its holdings in Watts Water Technologies by 59.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 28,939 shares of the technology company’s stock worth $5,978,000 after acquiring an additional 10,741 shares during the period. Allworth Financial LP increased its holdings in shares of Watts Water Technologies by 47.5% during the 4th quarter. Allworth Financial LP now owns 174 shares of the technology company’s stock worth $36,000 after purchasing an additional 56 shares during the period. Park Place Capital Corp bought a new position in shares of Watts Water Technologies during the 4th quarter worth about $110,000. Boston Trust Walden Corp increased its holdings in shares of Watts Water Technologies by 0.7% during the 4th quarter. Boston Trust Walden Corp now owns 264,438 shares of the technology company’s stock worth $55,093,000 after purchasing an additional 1,774 shares during the period. Finally, Quilter Plc increased its holdings in shares of Watts Water Technologies by 1.2% during the 4th quarter. Quilter Plc now owns 20,423 shares of the technology company’s stock worth $4,293,000 after purchasing an additional 240 shares during the period. Institutional investors own 95.02% of the company’s stock.

Insider Activity at Watts Water Technologies

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WTS shares. Stifel Nicolaus boosted their price objective on shares of Watts Water Technologies from $206.00 to $209.00 and gave the stock a “hold” rating in a report on Wednesday. Robert W. Baird boosted their price objective on shares of Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $191.20.

Watts Water Technologies Stock Performance

NYSE WTS opened at $198.11 on Thursday. The stock has a market cap of $6.60 billion, a P/E ratio of 25.33, a PEG ratio of 2.94 and a beta of 0.94. The company’s 50-day simple moving average is $204.36 and its 200 day simple moving average is $196.67. Watts Water Technologies, Inc. has a twelve month low of $156.29 and a twelve month high of $219.52. The company has a quick ratio of 1.63, a current ratio of 2.61 and a debt-to-equity ratio of 0.20.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Monday, February 12th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.19. The business had revenue of $547.50 million for the quarter, compared to analysts’ expectations of $532.58 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 earnings per share. As a group, research analysts forecast that Watts Water Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.36 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.73%. Watts Water Technologies’s payout ratio is currently 18.41%.

Watts Water Technologies 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.