IQ EQ FUND MANAGEMENT IRELAND Ltd Has $908,000 Position in Watts Water Technologies, Inc. (NYSE:WTS)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in Watts Water Technologies, Inc. (NYSE:WTS) by 61.0% during the fourth quarter, HoldingsChannel reports. The firm owned 4,466 shares of the technology company’s stock after selling 6,988 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Watts Water Technologies were worth $908,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sava Infond d.o.o. acquired a new position in Watts Water Technologies in the 4th quarter valued at $244,000. JPMorgan Chase & Co. grew its position in shares of Watts Water Technologies by 6.4% in the fourth quarter. JPMorgan Chase & Co. now owns 284,602 shares of the technology company’s stock valued at $57,860,000 after purchasing an additional 17,163 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of Watts Water Technologies by 8.2% in the fourth quarter. EntryPoint Capital LLC now owns 1,741 shares of the technology company’s stock worth $354,000 after purchasing an additional 132 shares during the period. Advantage Alpha Capital Partners LP lifted its position in shares of Watts Water Technologies by 42.6% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 24,637 shares of the technology company’s stock worth $5,009,000 after purchasing an additional 7,355 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Watts Water Technologies by 20.7% during the 4th quarter. LPL Financial LLC now owns 7,459 shares of the technology company’s stock valued at $1,517,000 after purchasing an additional 1,277 shares during the period. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the completion of the transaction, the insider now directly owns 10,469 shares of the company’s stock, valued at $2,204,038.57. This trade represents a 29.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Watts Water Technologies Stock Down 1.2 %

Shares of WTS stock opened at $209.73 on Friday. The stock has a market cap of $6.99 billion, a P/E ratio of 24.13, 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. The stock has a fifty day moving average price of $211.60 and a 200 day moving average price of $207.82. Watts Water Technologies, Inc. has a one year low of $175.37 and a one year high of $232.60.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share 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%. Analysts predict that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 0.82%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 19.79%.

Wall Street Analysts Forecast Growth

WTS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Watts Water Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price target for the company. Stifel Nicolaus upped their target price on shares of 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 raised their price target on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $220.00.

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.