Y Intercept Hong Kong Ltd Lowers Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Y Intercept Hong Kong Ltd reduced its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 73.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,010 shares of the technology company’s stock after selling 2,865 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Watts Water Technologies were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Watts Water Technologies by 0.9% during the 3rd quarter. State Street Corp now owns 977,000 shares of the technology company’s stock valued at $202,425,000 after acquiring an additional 8,314 shares during the last quarter. Geode Capital Management LLC grew its holdings in Watts Water Technologies by 4.3% in the third quarter. Geode Capital Management LLC now owns 741,743 shares of the technology company’s stock valued at $153,708,000 after purchasing an additional 30,688 shares during the period. KBC Group NV increased its position in Watts Water Technologies by 6.5% during the fourth quarter. KBC Group NV now owns 323,007 shares of the technology company’s stock worth $65,667,000 after purchasing an additional 19,598 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Watts Water Technologies by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 316,407 shares of the technology company’s stock worth $65,556,000 after purchasing an additional 9,148 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Watts Water Technologies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company’s stock worth $55,411,000 after purchasing an additional 12,159 shares during the period. 95.02% of the stock is currently owned by hedge funds and other institutional investors.

Watts Water Technologies Stock Up 2.5 %

Shares of Watts Water Technologies stock opened at $209.67 on Thursday. 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 cap of $6.99 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. The company has a current ratio of 2.59, a quick ratio of 1.65 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $208.76 and a 200 day moving average price of $205.68.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, February 28th. Watts Water Technologies’s dividend payout ratio (DPR) is 19.79%.

Analyst Upgrades and Downgrades

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

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.