Vontobel Holding Ltd. Takes $1.27 Million Position in Watts Water Technologies, Inc. (NYSE:WTS)

Vontobel Holding Ltd. bought a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,261 shares of the technology company’s stock, valued at approximately $1,273,000.

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Watts Water Technologies during the 3rd quarter valued at about $30,000. UMB Bank n.a. lifted its position in Watts Water Technologies by 59.8% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock valued at $32,000 after acquiring an additional 58 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in Watts Water Technologies in the third quarter worth about $68,000. CWM LLC raised its holdings in Watts Water Technologies by 24.4% in the third quarter. CWM LLC now owns 392 shares of the technology company’s stock worth $81,000 after buying an additional 77 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Watts Water Technologies by 99.3% in the third quarter. Blue Trust Inc. now owns 544 shares of the technology company’s stock worth $113,000 after buying an additional 271 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Stock Down 2.8 %

WTS opened at $213.89 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $208.31 and a 200-day moving average price of $203.54. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 3.39 and a beta of 0.93.

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 net margin of 12.37% and a return on equity of 18.49%. Equities research analysts forecast that Watts Water Technologies, Inc. will post 8.73 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.80%. Watts Water Technologies’s dividend payout ratio (DPR) is 20.62%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WTS. The Goldman Sachs Group lifted their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Stifel Nicolaus lifted their target price on shares of Watts Water Technologies from $218.00 to $219.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price for the company. Finally, Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $220.00.

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.