EntryPoint Capital LLC Grows Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

EntryPoint Capital LLC grew its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,741 shares of the technology company’s stock after buying an additional 132 shares during the period. EntryPoint Capital LLC’s holdings in Watts Water Technologies were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WTS. Arizona State Retirement System raised its stake in Watts Water Technologies by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,950 shares of the technology company’s stock valued at $1,616,000 after acquiring an additional 56 shares during the period. UMB Bank n.a. increased its stake in shares of Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock worth $32,000 after purchasing an additional 58 shares in the last quarter. Andina Capital Management LLC raised its position in shares of Watts Water Technologies by 3.5% in the fourth quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company’s stock valued at $347,000 after purchasing an additional 58 shares during the period. Empowered Funds LLC lifted its stake in shares of Watts Water Technologies by 3.8% during the 4th quarter. Empowered Funds LLC now owns 1,652 shares of the technology company’s stock valued at $336,000 after buying an additional 60 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in Watts Water Technologies by 3.4% in the 3rd quarter. M&T Bank Corp now owns 2,272 shares of the technology company’s stock worth $471,000 after buying an additional 74 shares during the period. Institutional investors own 95.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed 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. The Goldman Sachs Group increased their price objective on Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Stifel Nicolaus lifted their target price on Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Watts Water Technologies has an average rating of “Hold” and an average target price of $220.00.

Watts Water Technologies Price Performance

NYSE:WTS opened at $212.43 on Thursday. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $232.60. The stock has a fifty day moving average of $211.56 and a 200 day moving average of $207.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 3.42 and a beta of 0.93.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. On average, research analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, February 28th. Watts Water Technologies’s payout ratio is 19.79%.

Insider Activity

In other news, insider Elie Melhem sold 4,397 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total transaction of $925,700.41. Following the transaction, the insider now directly owns 10,469 shares in the company, valued at approximately $2,204,038.57. This represents a 29.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.