FourThought Financial LLC Purchases 82 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

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FourThought Financial LLC raised its position in shares of Watts Water Technologies, Inc. (NYSE:WTSGet Rating) by 28.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 370 shares of the technology company’s stock after purchasing an additional 82 shares during the period. FourThought Financial LLC’s holdings in Watts Water Technologies were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of WTS. BlackRock Inc. raised its position in Watts Water Technologies by 5.2% during the 3rd quarter. BlackRock Inc. now owns 3,924,676 shares of the technology company’s stock valued at $493,451,000 after purchasing an additional 195,619 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Watts Water Technologies by 188.9% in the 1st quarter. Renaissance Technologies LLC now owns 230,000 shares of the technology company’s stock worth $32,106,000 after acquiring an additional 150,400 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Watts Water Technologies by 161.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 228,077 shares of the technology company’s stock worth $31,837,000 after acquiring an additional 140,834 shares in the last quarter. Invesco Ltd. raised its position in shares of Watts Water Technologies by 25.2% in the 1st quarter. Invesco Ltd. now owns 691,779 shares of the technology company’s stock worth $96,565,000 after acquiring an additional 139,042 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Watts Water Technologies by 140.3% in the 2nd quarter. Millennium Management LLC now owns 223,460 shares of the technology company’s stock worth $27,450,000 after acquiring an additional 130,475 shares in the last quarter. 74.85% of the stock is owned by institutional investors.

Watts Water Technologies Trading Down 1.9 %

Shares of NYSE:WTS opened at $160.85 on Monday. The business’s 50-day moving average is $166.90 and its 200 day moving average is $150.30. Watts Water Technologies, Inc. has a 1 year low of $116.31 and a 1 year high of $181.40. The firm has a market capitalization of $5.35 billion, a P/E ratio of 21.50, a P/E/G ratio of 3.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.51 and a quick ratio of 1.52.

Watts Water Technologies (NYSE:WTSGet Rating) last posted its quarterly earnings results on Wednesday, February 8th. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. The business had revenue of $501.90 million for the quarter, compared to the consensus estimate of $489.21 million. Watts Water Technologies had a return on equity of 19.75% and a net margin of 12.70%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 EPS. On average, research analysts predict that Watts Water Technologies, Inc. will post 6.83 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 28th. This represents a $1.20 annualized dividend and a yield of 0.75%. Watts Water Technologies’s payout ratio is presently 16.04%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WTS shares. Deutsche Bank Aktiengesellschaft lowered Watts Water Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $150.00 in a research report on Tuesday, January 10th. They noted that the move was a valuation call. StockNews.com started coverage on Watts Water Technologies in a research report on Thursday. They issued a “buy” rating for the company. Robert W. Baird upped their target price on Watts Water Technologies from $144.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, February 10th. The Goldman Sachs Group upped their target price on Watts Water Technologies from $151.00 to $169.00 and gave the company a “neutral” rating in a research report on Friday, February 10th. Finally, Stifel Nicolaus upped their target price on Watts Water Technologies from $145.00 to $146.00 and gave the company a “hold” rating in a research report on Friday, January 20th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $147.50.

Watts Water Technologies Profile

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Watts Water Technologies, Inc engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks.

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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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