Norden Group LLC Trims Position in Watts Water Technologies, Inc. (NYSE:WTS)

Norden Group LLC reduced its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,605 shares of the technology company’s stock after selling 95 shares during the period. Norden Group LLC’s holdings in Watts Water Technologies were worth $936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in Watts Water Technologies by 59.8% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock valued at $32,000 after purchasing an additional 58 shares during the period. Leavell Investment Management Inc. acquired a new position in shares of Watts Water Technologies in the 4th quarter valued at about $205,000. Quantinno Capital Management LP acquired a new position in shares of Watts Water Technologies in the 3rd quarter valued at about $231,000. PFW Advisors LLC purchased a new stake in shares of Watts Water Technologies in the fourth quarter worth about $233,000. Finally, FORA Capital LLC acquired a new stake in Watts Water Technologies during the third quarter worth about $235,000. Institutional investors and hedge funds own 95.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Watts Water Technologies Trading Up 1.1 %

Shares of NYSE:WTS opened at $214.63 on Monday. The business’s 50 day moving average price is $208.55 and its 200-day moving average price is $205.35. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $232.60. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. 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 (NYSE:WTS) last posted 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 research analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.80%. Watts Water Technologies’s dividend payout ratio (DPR) is currently 19.79%.

About Watts Water Technologies

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.