UBS Group AG Acquires 8,942 Shares of Watts Water Technologies, Inc. (NYSE:WTS) (2024)

UBS Group AG increased its stake in Watts Water Technologies, Inc. (NYSE:WTS – Free Report) by 32.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,660 shares of the technology company’s stock after purchasing an additional 8,942 shares during the period. UBS Group AG owned approximately 0.11% of Watts Water Technologies worth $7,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WTS. Vanguard Group Inc. increased its holdings in shares of Watts Water Technologies by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,188,071 shares of the technology company’s stock worth $550,962,000 after buying an additional 29,113 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Watts Water Technologies by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 295,591 shares of the technology company’s stock valued at $61,583,000 after purchasing an additional 3,292 shares in the last quarter. Norges Bank bought a new stake in Watts Water Technologies during the fourth quarter worth about $61,513,000. Boston Trust Walden Corp boosted its holdings in shares of Watts Water Technologies by 0.7% in the 4th quarter. Boston Trust Walden Corp now owns 264,438 shares of the technology company’s stock worth $55,093,000 after purchasing an additional 1,774 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Watts Water Technologies by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 184,615 shares of the technology company’s stock valued at $31,905,000 after purchasing an additional 840 shares during the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.

Watts Water Technologies Price Performance

WTS opened at $189.72 on Wednesday. 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 stock’s 50 day simple moving average is $206.04 and its 200 day simple moving average is $203.25. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.90 and a beta of 0.94. Watts Water Technologies, Inc. has a 1 year low of $163.66 and a 1 year high of $219.52.

Watts Water Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.43 per share. This is a positive change from Watts Water Technologies’s previous quarterly dividend of $0.36. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, May 31st. Watts Water Technologies’s dividend payout ratio is currently 21.34%.

Analyst Upgrades and Downgrades

WTS has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on Watts Water Technologies from $212.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Stifel Nicolaus upped their price objective on shares of 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Watts Water Technologies currently has an average rating of “Hold” and a consensus target price of $199.50.

Insider Buying and Selling

In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 2,194 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $214.39, for a total transaction of $470,371.66. Following the completion of the transaction, the insider now owns 2,806 shares of the company’s stock, valued at approximately $601,578.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Watts Water Technologies news, insider Elie Melhem sold 2,051 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 13,226 shares in the company, 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 the SEC website. Also, major shareholder Timothy P. Horne sold 2,194 shares of Watts Water Technologies stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $214.39, for a total transaction of $470,371.66. Following the sale, the insider now directly owns 2,806 shares in the company, valued at approximately $601,578.34. The disclosure for this sale can be found here. Insiders have sold 7,273 shares of company stock valued at $1,543,961 over the last ninety days. 1.10% of the stock is owned by insiders.

About Watts Water Technologies

(Free Report)

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.