Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Shelton Capital Management

Shelton Capital Management lowered its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,034 shares of the technology company’s stock after selling 81 shares during the period. Shelton Capital Management’s holdings in Watts Water Technologies were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. raised its holdings in Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock valued at $32,000 after acquiring an additional 58 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Watts Water Technologies by 329.1% in the 4th quarter. Headlands Technologies LLC now owns 236 shares of the technology company’s stock valued at $48,000 after purchasing an additional 181 shares during the last quarter. Huntington National Bank lifted its position in shares of Watts Water Technologies by 60.5% during the 4th quarter. Huntington National Bank now owns 366 shares of the technology company’s stock worth $74,000 after purchasing an additional 138 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Watts Water Technologies by 660.3% during the fourth quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company’s stock worth $113,000 after purchasing an additional 482 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Watts Water Technologies by 45.2% during the fourth quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company’s stock worth $115,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Insider Activity

In other news, insider Elie Melhem sold 4,397 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the transaction, the insider now owns 10,469 shares of the company’s stock, valued at approximately $2,204,038.57. The trade was a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Watts Water Technologies Stock Up 2.1 %

Shares of NYSE WTS opened at $193.64 on Friday. The business has a 50-day moving average price of $207.70 and a 200 day moving average price of $207.37. The stock has a market cap of $6.45 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 3.42 and a beta of 0.95. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $232.60.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. Equities research analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.43 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 0.89%. Watts Water Technologies’s dividend payout ratio is presently 19.79%.

Analyst Upgrades and Downgrades

WTS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price target on the stock. The Goldman Sachs Group boosted their target price on Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus upped their price target 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $220.00.

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.