TFO Wealth Partners LLC raised its holdings in Watts Water Technologies, Inc. (NYSE:WTS – Free Report) by 30,075.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,207 shares of the technology company’s stock after purchasing an additional 1,203 shares during the quarter. TFO Wealth Partners LLC’s holdings in Watts Water Technologies were worth $251,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WTS. NBC Securities Inc. purchased a new stake in Watts Water Technologies in the third quarter valued at $89,000. Arizona State Retirement System grew its stake in shares of Watts Water Technologies by 1.4% in the third quarter. Arizona State Retirement System now owns 7,803 shares of the technology company’s stock valued at $1,349,000 after buying an additional 106 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Watts Water Technologies by 4.9% in the third quarter. New York State Common Retirement Fund now owns 11,561 shares of the technology company’s stock valued at $1,998,000 after buying an additional 542 shares in the last quarter. New York Life Investment Management LLC grew its stake in shares of Watts Water Technologies by 97.0% in the third quarter. New York Life Investment Management LLC now owns 5,302 shares of the technology company’s stock valued at $916,000 after buying an additional 2,611 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Watts Water Technologies by 1.0% in the third quarter. Swiss National Bank now owns 60,300 shares of the technology company’s stock valued at $10,421,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.
Insiders Place Their Bets
In other Watts Water Technologies news, insider Elie Melhem sold 2,051 shares of Watts Water Technologies stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $215.51, for a total transaction of $442,011.01. Following the completion of the sale, the insider now directly owns 13,226 shares of the company’s stock, valued at approximately $2,850,335.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Watts Water Technologies news, CFO Shashank Patel sold 1,508 shares of Watts Water Technologies stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $215.10, for a total transaction of $324,370.80. Following the completion of the sale, the chief financial officer now directly owns 20,204 shares of the company’s stock, valued at approximately $4,345,880.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elie Melhem sold 2,051 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $215.51, for a total value of $442,011.01. Following the completion of the sale, the insider now directly owns 13,226 shares of the company’s stock, valued at $2,850,335.26. The disclosure for this sale can be found here. Insiders sold 7,273 shares of company stock valued at $1,543,961 in the last ninety days. Insiders own 1.10% of the company’s stock.
Watts Water Technologies Trading Up 0.3 %
WTS opened at $199.13 on Monday. Watts Water Technologies, Inc. has a 12 month low of $156.85 and a 12 month high of $219.52. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.90 and a beta of 0.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.48 and a quick ratio of 1.44. The business has a fifty day moving average price of $206.75 and a 200 day moving average price of $203.28.
Watts Water Technologies (NYSE:WTS – Get Free Report) last released its earnings results on Wednesday, May 8th. The technology company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.11 by $0.22. Watts Water Technologies had a return on equity of 19.61% and a net margin of 12.53%. The firm had revenue of $570.90 million during the quarter, compared to analysts’ expectations of $547.20 million. During the same period in the previous year, the firm posted $1.92 EPS. Watts Water Technologies’s revenue for the quarter was up 21.0% on a year-over-year basis. Sell-side analysts expect that Watts Water Technologies, Inc. will post 8.57 earnings per share for the current fiscal year.
Watts Water Technologies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.86%. This is an increase from Watts Water Technologies’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, May 31st. Watts Water Technologies’s payout ratio is 21.34%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on WTS. Robert W. Baird lifted their price objective on Watts Water Technologies from $212.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Stifel Nicolaus lifted their price objective on Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $199.50.
Get Our Latest Report on Watts Water Technologies
About Watts Water Technologies
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.
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