Sanctuary Advisors LLC Sells 117 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Sanctuary Advisors LLC cut its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 2.5% in the 4th quarter, HoldingsChannel reports. The fund owned 4,499 shares of the technology company’s stock after selling 117 shares during the period. Sanctuary Advisors LLC’s holdings in Watts Water Technologies were worth $932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Watts Water Technologies by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 316,407 shares of the technology company’s stock worth $65,556,000 after acquiring an additional 9,148 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Watts Water Technologies by 40.0% during the third quarter. Van ECK Associates Corp now owns 17,382 shares of the technology company’s stock worth $3,484,000 after purchasing an additional 4,967 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Watts Water Technologies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company’s stock worth $55,411,000 after purchasing an additional 12,159 shares during the last quarter. State Street Corp boosted its holdings in Watts Water Technologies by 0.9% during the third quarter. State Street Corp now owns 977,000 shares of the technology company’s stock worth $202,425,000 after purchasing an additional 8,314 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Watts Water Technologies by 264.1% during the fourth quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company’s stock worth $1,236,000 after purchasing an additional 4,410 shares during the last quarter. 95.02% of the stock is owned by institutional investors.

Watts Water Technologies Stock Down 1.0 %

WTS opened at $213.29 on Thursday. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60. The company’s 50-day moving average price is $208.11 and its two-hundred day moving average price is $204.72.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, beating 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 analysts expect that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WTS. Stifel Nicolaus boosted their price target on shares of Watts Water Technologies from $218.00 to $219.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Watts Water Technologies currently has an average rating of “Hold” and a consensus price target of $220.00.

Watts Water Technologies Company 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.