Prime Capital Investment Advisors LLC Lowers Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Prime Capital Investment Advisors LLC trimmed its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 21.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,106 shares of the technology company’s stock after selling 298 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Watts Water Technologies were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in Watts Water Technologies by 47.5% in the 4th 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. Park Place Capital Corp purchased a new stake in Watts Water Technologies in the 4th quarter valued at about $110,000. Boston Trust Walden Corp boosted its position in Watts Water Technologies by 0.7% in the 4th quarter. Boston Trust Walden Corp now owns 264,438 shares of the technology company’s stock valued at $55,093,000 after buying an additional 1,774 shares during the period. Quilter Plc boosted its position in Watts Water Technologies by 1.2% in the 4th quarter. Quilter Plc now owns 20,423 shares of the technology company’s stock valued at $4,293,000 after buying an additional 240 shares during the period. Finally, Welch Group LLC raised its holdings in shares of Watts Water Technologies by 31.8% in the 4th quarter. Welch Group LLC now owns 2,900 shares of the technology company’s stock valued at $604,000 after purchasing an additional 700 shares in the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their price target 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 boosted their price target on shares of Watts Water Technologies from $199.00 to $206.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $190.60.

Watts Water Technologies Trading Down 0.8 %

NYSE WTS opened at $200.72 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.61 and a debt-to-equity ratio of 0.20. The firm has a market cap of $6.69 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.95 and a beta of 0.94. The company has a 50 day moving average price of $204.59 and a 200 day moving average price of $196.15. Watts Water Technologies, Inc. has a 52 week low of $156.29 and a 52 week high of $219.52.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.78 by $0.19. The firm had revenue of $547.50 million during the quarter, compared to analyst estimates of $532.58 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. Watts Water Technologies’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.60 EPS. As a group, sell-side analysts forecast that Watts Water Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 18.41%.

Insider Buying and Selling

In related news, major shareholder Timothy P. Horne sold 764 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $199.00, for a total transaction of $152,036.00. Following the completion of the transaction, the insider now owns 14,236 shares in the company, valued at approximately $2,832,964. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 764 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $199.00, for a total transaction of $152,036.00. Following the transaction, the insider now owns 14,236 shares in the company, valued at approximately $2,832,964. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elie Melhem sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $199.50, for a total transaction of $498,750.00. Following the transaction, the insider now owns 13,564 shares in the company, valued at approximately $2,706,018. The disclosure for this sale can be found here. Insiders sold a total of 5,113 shares of company stock worth $1,023,106 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

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.