Watts Water Technologies, Inc. (NYSE:WTS) Stock Holdings Lowered by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its position in Watts Water Technologies, Inc. (NYSE:WTS) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,848 shares of the technology company’s stock after selling 105 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Watts Water Technologies were worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WTS. UMB Bank n.a. lifted 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 worth $32,000 after purchasing an additional 58 shares during the period. Jones Financial Companies Lllp raised its position in shares of Watts Water Technologies by 660.3% during the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company’s stock worth $113,000 after buying an additional 482 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Watts Water Technologies by 45.2% in the 4th quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company’s stock worth $115,000 after acquiring an additional 176 shares during the period. Leavell Investment Management Inc. bought a new position in shares of Watts Water Technologies in the fourth quarter valued at approximately $205,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Watts Water Technologies during the third quarter valued at approximately $231,000. Institutional investors own 95.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price for the company. Stifel Nicolaus raised their target price on Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group upped their price target on Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $220.00.

Watts Water Technologies Stock Performance

Watts Water Technologies stock opened at $213.97 on Tuesday. The company has a market cap of $7.13 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. The firm’s 50 day simple moving average is $210.07 and its 200-day simple moving average is $207.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $232.60.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Friday, February 28th. Watts Water Technologies’s payout ratio is presently 19.79%.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,204,038.57. The trade was a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

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.