Nisa Investment Advisors LLC Has $196,000 Stake in Watts Water Technologies, Inc. (NYSE:WTS)

Nisa Investment Advisors LLC decreased its position in Watts Water Technologies, Inc. (NYSE:WTS) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 941 shares of the technology company’s stock after selling 200 shares during the period. Nisa Investment Advisors LLC’s holdings in Watts Water Technologies were worth $196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP lifted its holdings in Watts Water Technologies by 47.5% in the fourth quarter. Allworth Financial LP now owns 174 shares of the technology company’s stock valued at $36,000 after buying an additional 56 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in shares of Watts Water Technologies by 3.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,681 shares of the technology company’s stock valued at $246,000 after purchasing an additional 57 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Watts Water Technologies by 3.2% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,025 shares of the technology company’s stock valued at $350,000 after purchasing an additional 62 shares during the period. Covestor Ltd raised its holdings in shares of Watts Water Technologies by 80.4% during the first quarter. Covestor Ltd now owns 184 shares of the technology company’s stock valued at $26,000 after purchasing an additional 82 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its holdings in shares of Watts Water Technologies by 6.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,404 shares of the technology company’s stock valued at $243,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.

Insider Activity

In related news, CAO Virginia A. Halloran sold 1,520 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the sale, the chief accounting officer now directly owns 14,818 shares in the company, valued at approximately $2,994,865.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Elie Melhem sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $199.50, for a total transaction of $498,750.00. Following the sale, the insider now directly owns 13,564 shares in the company, valued at $2,706,018. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Virginia A. Halloran sold 1,520 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the completion of the transaction, the chief accounting officer now owns 14,818 shares of the company’s stock, valued at $2,994,865.98. The disclosure for this sale can be found here. Insiders sold 5,113 shares of company stock valued at $1,023,106 in the last three months. Company insiders own 1.10% of the company’s stock.

Watts Water Technologies Trading Up 1.8 %

NYSE:WTS opened at $203.26 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.61 and a quick ratio of 1.63. The firm has a 50-day moving average of $203.84 and a 200-day moving average of $196.92. The company has a market cap of $6.77 billion, a PE ratio of 25.99, a PEG ratio of 2.91 and a beta of 0.94. Watts Water Technologies, Inc. has a one year low of $156.29 and a one year high of $219.52.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Monday, February 12th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.19. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The firm had revenue of $547.50 million during the quarter, compared to the consensus estimate of $532.58 million. During the same period in the prior year, the firm earned $1.60 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts expect that Watts Water Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, February 29th. Watts Water Technologies’s dividend payout ratio is currently 18.41%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WTS shares. Robert W. Baird upped their price objective on shares of Watts Water Technologies from $191.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Stifel Nicolaus upped their price objective on shares of Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $191.20.

Watts Water Technologies 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.