Retirement Systems of Alabama Has $15.08 Million Position in Watts Water Technologies, Inc. (NYSE:WTS)

Retirement Systems of Alabama lifted its position in Watts Water Technologies, Inc. (NYSE:WTS) by 122.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,194 shares of the technology company’s stock after buying an additional 40,912 shares during the quarter. Retirement Systems of Alabama owned about 0.22% of Watts Water Technologies worth $15,084,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the business. Andina Capital Management LLC boosted its holdings in Watts Water Technologies by 3.3% in the 3rd quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock valued at $342,000 after purchasing an additional 52 shares during the period. UMB Bank n.a. boosted its holdings in Watts Water Technologies by 59.8% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock valued at $32,000 after purchasing an additional 58 shares in the last quarter. Portside Wealth Group LLC grew its position in Watts Water Technologies by 2.5% in the third quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company’s stock valued at $517,000 after acquiring an additional 60 shares during the period. OneDigital Investment Advisors LLC increased its position in shares of Watts Water Technologies by 1.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock worth $1,085,000 after purchasing an additional 65 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Watts Water Technologies by 3.4% during the third quarter. M&T Bank Corp now owns 2,272 shares of the technology company’s stock worth $471,000 after buying an additional 74 shares in the last quarter. 95.02% of the stock is owned by institutional investors.

Watts Water Technologies Stock Performance

WTS opened at $205.14 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 3.38 and a beta of 0.93. The business’s 50-day moving average price is $208.26 and its two-hundred day moving average price is $202.99. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $222.70.

Watts Water Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, February 28th. Watts Water Technologies’s dividend payout ratio (DPR) is currently 20.62%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WTS. Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price target for the company. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target on the stock in a research report on Monday, November 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Watts Water Technologies from $202.00 to $218.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $220.50.

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.