Watts Water Technologies, Inc. (NYSE:WTS) Shares Purchased by Ironwood Investment Management LLC

Ironwood Investment Management LLC boosted its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,663 shares of the technology company’s stock after acquiring an additional 102 shares during the quarter. Ironwood Investment Management LLC’s holdings in Watts Water Technologies were worth $1,558,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in shares of Watts Water Technologies by 59.8% in the 4th 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. Jones Financial Companies Lllp increased its holdings in Watts Water Technologies by 660.3% in the fourth quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company’s stock valued at $113,000 after buying an additional 482 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Watts Water Technologies by 45.2% during the 4th quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company’s stock valued at $115,000 after acquiring an additional 176 shares during the period. Leavell Investment Management Inc. purchased a new stake in shares of Watts Water Technologies during the 4th quarter worth approximately $205,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Watts Water Technologies in the 3rd quarter worth approximately $231,000. Institutional investors and hedge funds own 95.02% of the company’s stock.

Insider Activity at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of the company’s 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 completion of the transaction, the insider now owns 10,469 shares of the company’s stock, valued at approximately $2,204,038.57. This represents a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Watts Water Technologies from $218.00 to $219.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group raised their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Watts Water Technologies presently has an average rating of “Hold” and a consensus price target of $220.00.

Watts Water Technologies Stock Up 2.3 %

WTS opened at $211.23 on Friday. The firm has a market cap of $7.04 billion, a P/E ratio of 24.31, a PEG ratio of 3.42 and a beta of 0.93. The business’s fifty day simple moving average is $209.83 and its 200 day simple moving average is $206.67. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $232.60. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, February 28th. Watts Water Technologies’s dividend payout ratio is currently 19.79%.

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.