Robeco Schweiz AG Lowers Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Robeco Schweiz AG lessened its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 0.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 72,493 shares of the technology company’s stock after selling 86 shares during the period. Robeco Schweiz AG’s holdings in Watts Water Technologies were worth $14,738,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of Watts Water Technologies by 3.0% during 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 acquiring an additional 9,148 shares during the period. Van ECK Associates Corp grew its holdings in Watts Water Technologies by 40.0% in the third quarter. Van ECK Associates Corp now owns 17,382 shares of the technology company’s stock valued at $3,484,000 after purchasing an additional 4,967 shares during the period. JPMorgan Chase & Co. increased its position in shares of Watts Water Technologies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company’s stock valued at $55,411,000 after buying an additional 12,159 shares in the last quarter. State Street Corp raised its stake in shares of Watts Water Technologies by 0.9% during the 3rd quarter. State Street Corp now owns 977,000 shares of the technology company’s stock worth $202,425,000 after buying an additional 8,314 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Watts Water Technologies by 264.1% during the 4th quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company’s stock valued at $1,236,000 after buying an additional 4,410 shares in the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price on the stock. Stifel Nicolaus upped their price target on shares of Watts Water Technologies from $218.00 to $219.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group lifted their price objective on Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $220.00.

Watts Water Technologies Price Performance

Watts Water Technologies stock opened at $213.29 on Thursday. The company has a fifty day simple moving average of $208.11 and a 200-day simple moving average of $204.72. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 3.42 and a beta of 0.93. 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 announced its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. On average, equities analysts anticipate that Watts Water Technologies, Inc. will post 9.08 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. Investors of record on Friday, February 28th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 0.81%. Watts Water Technologies’s dividend payout ratio is presently 19.79%.

Watts Water Technologies Company 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.