Mirova Has $1.12 Million Stake in Watts Water Technologies, Inc. (NYSE:WTS)

Mirova grew its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,521 shares of the technology company’s stock after purchasing an additional 133 shares during the period. Mirova’s holdings in Watts Water Technologies were worth $1,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. UMB Bank n.a. boosted its stake in shares of Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock valued at $32,000 after buying an additional 58 shares during the period. Headlands Technologies LLC raised its holdings in Watts Water Technologies by 329.1% in the 4th quarter. Headlands Technologies LLC now owns 236 shares of the technology company’s stock valued at $48,000 after acquiring an additional 181 shares in the last quarter. Huntington National Bank lifted its position in shares of Watts Water Technologies by 60.5% during the 4th quarter. Huntington National Bank now owns 366 shares of the technology company’s stock valued at $74,000 after acquiring an additional 138 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Watts Water Technologies by 660.3% during the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company’s stock worth $113,000 after purchasing an additional 482 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Watts Water Technologies by 45.2% in the fourth quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company’s stock worth $115,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.

Wall Street Analyst Weigh In

WTS has been the topic of a number of analyst reports. Stifel Nicolaus upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $219.00 to $229.00 in a research note on Wednesday. The Goldman Sachs Group increased 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Watts Water Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.00.

Watts Water Technologies Stock Performance

NYSE WTS opened at $197.32 on Friday. The firm’s fifty day moving average price is $206.41 and its two-hundred day moving average price is $207.04. The stock has a market cap of $6.57 billion, a PE ratio of 22.71, a PEG ratio of 3.42 and a beta of 0.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $232.60.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data 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 return on equity of 18.08% and a net margin of 12.93%. On average, equities analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Friday, February 28th. Watts Water Technologies’s dividend payout ratio is currently 19.79%.

Insider Activity at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the sale, the insider now directly owns 10,469 shares of the company’s stock, valued at $2,204,038.57. The trade was a 29.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

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.