AlphaQuest LLC lessened its position in shares of Watts Water Technologies, Inc. (NYSE:WTS – Free Report) by 78.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 882 shares of the technology company’s stock after selling 3,212 shares during the period. AlphaQuest LLC’s holdings in Watts Water Technologies were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Watts Water Technologies by 0.9% in the 3rd quarter. State Street Corp now owns 977,000 shares of the technology company’s stock worth $202,425,000 after buying an additional 8,314 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Watts Water Technologies by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 741,743 shares of the technology company’s stock worth $153,708,000 after buying an additional 30,688 shares during the last quarter. KBC Group NV increased its holdings in shares of Watts Water Technologies by 6.5% in the 4th quarter. KBC Group NV now owns 323,007 shares of the technology company’s stock worth $65,667,000 after buying an additional 19,598 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Watts Water Technologies by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,703 shares of the technology company’s stock worth $64,996,000 after buying an additional 3,296 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Watts Water Technologies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company’s stock worth $55,411,000 after buying an additional 12,159 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.
Insiders Place Their Bets
In other news, insider Elie Melhem sold 4,397 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total value of $925,700.41. Following the completion of the sale, the insider now directly owns 10,469 shares of the company’s stock, valued at approximately $2,204,038.57. This trade represents a 29.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.
Watts Water Technologies Price Performance
Watts Water Technologies (NYSE:WTS – Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (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 analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.
Watts Water Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, February 28th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 19.79%.
Analysts Set New Price Targets
A number of brokerages have recently commented on WTS. Stifel Nicolaus increased 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. The Goldman Sachs Group increased 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $240.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $220.00.
View Our Latest Analysis on Watts Water Technologies
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.
Featured Stories
- Five stocks we like better than Watts Water Technologies
- How Technical Indicators Can Help You Find Oversold StocksĀ
- How to Build the Ultimate Everything ETF Portfolio
- What does consumer price index measure?
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- 3 Stocks With High ROE and Market-Beating Growth Potential
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:WTS – Free Report).
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.