Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. lessened its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 524,330 shares of the technology company’s stock after selling 57,156 shares during the quarter. Congress Asset Management Co. owned 1.57% of Watts Water Technologies worth $106,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Watts Water Technologies by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 316,407 shares of the technology company’s stock valued at $65,556,000 after buying an additional 9,148 shares during the period. Van ECK Associates Corp raised its holdings in Watts Water Technologies by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 17,382 shares of the technology company’s stock worth $3,484,000 after purchasing an additional 4,967 shares during the period. JPMorgan Chase & Co. raised its holdings 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 worth $55,411,000 after purchasing an additional 12,159 shares during the period. State Street Corp raised its holdings 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 worth $202,425,000 after purchasing an additional 8,314 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Watts Water Technologies by 264.1% in the 4th quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company’s stock worth $1,236,000 after purchasing an additional 4,410 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

Shares of Watts Water Technologies stock opened at $213.89 on Friday. 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 simple moving average of $208.31 and a two-hundred day simple moving average of $203.59. The stock has a market capitalization of $7.13 billion, a P/E ratio of 25.65, a PEG ratio of 3.39 and a beta of 0.93. Watts Water Technologies, Inc. has a 12 month low of $175.37 and a 12 month high of $232.60.

Watts Water Technologies (NYSE:WTS) last posted 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 18.49% and a net margin of 12.37%. As a group, analysts predict that Watts Water Technologies, Inc. will post 8.73 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.80%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 20.62%.

Analyst Upgrades and Downgrades

WTS has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on Watts Water Technologies from $218.00 to $219.00 and gave the stock a “hold” rating in a report on Wednesday. The Goldman Sachs Group upped their price target on Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a report 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 target price for the company in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Watts Water Technologies currently has an average rating of “Hold” and an average price target of $220.00.

Watts Water Technologies 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.