Watts Water Technologies, Inc. (NYSE:WTS) Stake Boosted by Andina Capital Management LLC

Andina Capital Management LLC raised its position in Watts Water Technologies, Inc. (NYSE:WTS) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,708 shares of the technology company’s stock after purchasing an additional 58 shares during the quarter. Andina Capital Management LLC’s holdings in Watts Water Technologies were worth $347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Watts Water Technologies by 0.9% during 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 during the last quarter. Geode Capital Management LLC raised its position 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 during the period. Boston Trust Walden Corp lifted its stake in shares of Watts Water Technologies by 60.3% in the third 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 during the period. Finally, JPMorgan Chase & Co. grew its stake 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 last quarter. Institutional investors own 95.02% of the company’s stock.

Insider Buying and Selling at Watts Water Technologies

In other news, insider Monica Barry sold 1,559 shares of Watts Water Technologies stock in a transaction on 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 approximately $941,463.60. This trade represents a 26.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Kenneth Robert Lepage sold 2,607 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $212.72, for a total value of $554,561.04. Following the sale, the general counsel now directly owns 11,457 shares of the company’s stock, valued at $2,437,133.04. This represents a 18.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,974 shares of company stock worth $6,924,594 over the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Watts Water Technologies Stock Down 0.5 %

Shares of WTS opened at $210.52 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55. The company has a 50-day simple moving average of $209.23 and a 200-day simple moving average of $201.90. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $222.70. The firm has a market capitalization of $7.02 billion, a P/E ratio of 25.24, a P/E/G ratio of 3.45 and a beta of 0.93.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The company had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.83 million. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $2.04 EPS. On average, equities research analysts expect that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current 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 paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, November 29th. Watts Water Technologies’s dividend payout ratio is 20.62%.

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.