Watts Water Technologies, Inc. (NYSE:WTS) Shares Bought by Curated Wealth Partners LLC

Curated Wealth Partners LLC raised its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 16.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,675 shares of the technology company’s stock after buying an additional 385 shares during the period. Curated Wealth Partners LLC’s holdings in Watts Water Technologies were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. State Street Corp grew its position in Watts Water Technologies by 0.9% in the 3rd quarter. State Street Corp now owns 977,000 shares of the technology company’s stock valued at $202,425,000 after acquiring an additional 8,314 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Watts Water Technologies by 4.3% in the third quarter. Geode Capital Management LLC now owns 741,743 shares of the technology company’s stock valued at $153,708,000 after purchasing an additional 30,688 shares in the last quarter. Boston Trust Walden Corp increased its stake in Watts Water Technologies by 60.3% during the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock worth $107,778,000 after buying an additional 195,778 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Watts Water Technologies by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 316,407 shares of the technology company’s stock worth $65,556,000 after buying an additional 9,148 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Watts Water Technologies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company’s stock valued at $55,411,000 after buying an additional 12,159 shares during the period. 95.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on WTS shares. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft started coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price target on the stock. Finally, Stifel Nicolaus boosted their price objective on Watts Water Technologies from $202.00 to $218.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $220.50.

Watts Water Technologies Stock Down 0.5 %

Shares of NYSE WTS opened at $210.52 on Friday. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $222.70. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 3.45 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. The business has a 50-day moving average of $209.24 and a two-hundred day moving average of $201.67.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.99 by $0.04. The company had revenue of $543.60 million for the quarter, compared to analyst estimates of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.04 earnings per share. On average, analysts forecast that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.43 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.72 dividend on an annualized basis and a yield of 0.82%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling at Watts Water Technologies

In related news, insider Monica Barry sold 1,559 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $212.52, for a total value of $331,318.68. Following the completion of the sale, the insider now directly owns 4,430 shares of the company’s stock, valued at $941,463.60. This represents a 26.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Kenneth Robert Lepage sold 3,429 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $194.65, for a total value of $667,454.85. Following the transaction, the general counsel now owns 14,064 shares in the company, valued at $2,737,557.60. This represents a 19.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,974 shares of company stock worth $6,924,594 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.