US Bancorp DE boosted its position in shares of Watts Water Technologies, Inc. (NYSE:WTS – Get Rating) by 13.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,422 shares of the technology company's stock after buying an additional 514 shares during the period. US Bancorp DE's holdings in Watts Water Technologies were worth $556,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Watts Water Technologies in the 2nd quarter valued at approximately $25,000. Covestor Ltd boosted its stake in shares of Watts Water Technologies by 80.4% in the 1st quarter. Covestor Ltd now owns 184 shares of the technology company's stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Castle Wealth Management LLC acquired a new stake in shares of Watts Water Technologies in the 2nd quarter valued at approximately $30,000. Janiczek Wealth Management LLC boosted its stake in shares of Watts Water Technologies by 1,981.8% in the 2nd quarter. Janiczek Wealth Management LLC now owns 229 shares of the technology company's stock valued at $32,000 after purchasing an additional 218 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Watts Water Technologies in the 2nd quarter valued at approximately $32,000. 74.85% of the stock is currently owned by institutional investors and hedge funds.
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Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Watts Water Technologies from a "buy" rating to a "hold" rating and dropped their price objective for the company from $155.00 to $150.00 in a report on Tuesday, January 10th. They noted that the move was a valuation call. The Goldman Sachs Group raised their price objective on shares of Watts Water Technologies from $129.00 to $143.00 and gave the company a "neutral" rating in a report on Friday, November 4th. StockNews.com lowered shares of Watts Water Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, January 6th. Finally, Stifel Nicolaus raised their price objective on shares of Watts Water Technologies from $145.00 to $146.00 and gave the company a "hold" rating in a report on Friday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Watts Water Technologies currently has a consensus rating of "Hold" and an average target price of $135.80.
Watts Water Technologies Stock Up 1.5 %
Watts Water Technologies stock opened at $153.86 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 2.47. Watts Water Technologies, Inc. has a 52-week low of $116.31 and a 52-week high of $186.04. The firm has a 50 day moving average price of $151.77 and a two-hundred day moving average price of $141.49. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.92 and a beta of 1.01.
Watts Water Technologies (NYSE:WTS – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The technology company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.57 by $0.22. The company had revenue of $487.80 million during the quarter, compared to the consensus estimate of $476.13 million. Watts Water Technologies had a net margin of 11.43% and a return on equity of 19.81%. Equities analysts predict that Watts Water Technologies, Inc. will post 7.08 EPS for the current year.
Watts Water Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, November 30th. Watts Water Technologies's dividend payout ratio (DPR) is 18.15%.
Watts Water Technologies Company 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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