6,100 Shares in Watts Water Technologies, Inc. (NYSE:WTS) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 6,100 shares of the technology company’s stock, valued at approximately $1,240,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WTS. Norges Bank bought a new position in shares of Watts Water Technologies during the 4th quarter valued at approximately $60,887,000. Raymond James Financial Inc. bought a new stake in Watts Water Technologies during the 4th quarter worth approximately $23,044,000. Erste Asset Management GmbH purchased a new position in Watts Water Technologies during the third quarter valued at approximately $10,792,000. Wealthfront Advisers LLC bought a new position in shares of Watts Water Technologies in the fourth quarter worth approximately $9,773,000. Finally, Boston Partners increased its stake in shares of Watts Water Technologies by 7.6% in the fourth quarter. Boston Partners now owns 632,155 shares of the technology company’s stock worth $128,527,000 after purchasing an additional 44,465 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Trading Down 2.6 %

Shares of Watts Water Technologies stock opened at $203.89 on Monday. The business has a 50-day moving average price of $211.53 and a 200-day moving average price of $208.14. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 3.42 and a beta of 0.93. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. Equities research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.84%. Watts Water Technologies’s dividend payout ratio is currently 19.79%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WTS shares. The Goldman Sachs Group lifted their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price objective on the stock. Finally, Stifel Nicolaus lifted their target price on Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Watts Water Technologies currently has a consensus rating of “Hold” and a consensus price target of $220.00.

Insider Activity

In other news, insider Elie Melhem sold 4,397 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total value of $925,700.41. Following the completion of the sale, the insider now owns 10,469 shares in the company, valued at approximately $2,204,038.57. This trade represents a 29.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.