Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its stake in shares of Watts Water Technologies, Inc. (NYSE:WTSFree Report) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,710 shares of the technology company’s stock after selling 310 shares during the period. Keybank National Association OH’s holdings in Watts Water Technologies were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in Watts Water Technologies in the fourth quarter valued at $38,180,000. Renaissance Technologies LLC lifted its stake in shares of Watts Water Technologies by 188.9% during the first quarter. Renaissance Technologies LLC now owns 230,000 shares of the technology company’s stock worth $32,106,000 after purchasing an additional 150,400 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Watts Water Technologies by 161.4% during the first quarter. Goldman Sachs Group Inc. now owns 228,077 shares of the technology company’s stock worth $31,837,000 after purchasing an additional 140,834 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Watts Water Technologies by 25.2% during the first quarter. Invesco Ltd. now owns 691,779 shares of the technology company’s stock worth $96,565,000 after purchasing an additional 139,042 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Watts Water Technologies by 4.2% during the third quarter. Vanguard Group Inc. now owns 2,883,746 shares of the technology company’s stock worth $362,573,000 after purchasing an additional 116,455 shares in the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WTS shares. StockNews.com lowered Watts Water Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. TD Cowen boosted their price objective on Watts Water Technologies from $165.00 to $175.00 and gave the company a “market perform” rating in a report on Tuesday, December 5th. Finally, Stifel Nicolaus boosted their price objective on Watts Water Technologies from $198.00 to $199.00 and gave the company a “hold” rating in a report on Tuesday, December 19th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $183.60.

Check Out Our Latest Research Report on WTS

Watts Water Technologies Stock Performance

Shares of NYSE WTS opened at $207.74 on Thursday. The company has a current ratio of 2.74, a quick ratio of 1.72 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $201.46 and a 200-day simple moving average of $189.25. The company has a market cap of $6.92 billion, a PE ratio of 25.33, a P/E/G ratio of 3.09 and a beta of 0.95. Watts Water Technologies, Inc. has a 12-month low of $153.25 and a 12-month high of $213.14.

About Watts Water Technologies

(Free Report)

Watts Water Technologies, Inc 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. The company offers residential and commercial flow control and protection products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves, and leak detection and protection products for plumbing and hot water applications.

Featured Articles

Want to see what other hedge funds are holding WTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watts Water Technologies, Inc. (NYSE:WTSFree Report).

Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

Receive News & Ratings for Watts Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.