Allspring Global Investments Holdings LLC Boosts Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Allspring Global Investments Holdings LLC raised its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,789 shares of the technology company’s stock after buying an additional 5,606 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Watts Water Technologies were worth $22,423,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WTS. Champlain Investment Partners LLC bought a new position in shares of Watts Water Technologies during the third quarter valued at $47,238,000. Boston Trust Walden Corp increased its stake in Watts Water Technologies by 60.3% during the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock valued at $107,778,000 after purchasing an additional 195,778 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Watts Water Technologies in the third quarter worth about $10,792,000. Retirement Systems of Alabama lifted its stake in shares of Watts Water Technologies by 122.9% in the fourth quarter. Retirement Systems of Alabama now owns 74,194 shares of the technology company’s stock worth $15,084,000 after buying an additional 40,912 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Watts Water Technologies by 4.3% during the third quarter. Geode Capital Management LLC now owns 741,743 shares of the technology company’s stock valued at $153,708,000 after buying an additional 30,688 shares during the last quarter. 95.02% of the stock is owned by institutional investors.

Watts Water Technologies Stock Performance

Shares of WTS opened at $213.89 on Friday. The firm has a market capitalization of $7.13 billion, a P/E ratio of 25.65, a PEG ratio of 3.39 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. Watts Water Technologies, Inc. has a one year low of $175.37 and a one year high of $232.60. The business has a fifty day moving average of $208.31 and a 200 day moving average of $203.59.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. As a group, sell-side analysts anticipate that Watts Water Technologies, Inc. will post 8.73 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 0.80%. Watts Water Technologies’s dividend payout ratio is currently 20.62%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Stifel Nicolaus upped their price objective on Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price target on the stock. The Goldman Sachs Group lifted their price objective on Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Watts Water Technologies has an average rating of “Hold” and a consensus target price of $220.00.

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.