Jones Financial Companies Lllp Purchases 482 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Jones Financial Companies Lllp grew its position in Watts Water Technologies, Inc. (NYSE:WTS) by 660.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 555 shares of the technology company’s stock after acquiring an additional 482 shares during the quarter. Jones Financial Companies Lllp’s holdings in Watts Water Technologies were worth $113,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Watts Water Technologies by 59.8% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock worth $32,000 after buying an additional 58 shares during the period. Andina Capital Management LLC lifted its position in shares of Watts Water Technologies by 3.5% during the 4th quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company’s stock worth $347,000 after buying an additional 58 shares during the period. Empowered Funds LLC lifted its position in shares of Watts Water Technologies by 3.8% during the 4th quarter. Empowered Funds LLC now owns 1,652 shares of the technology company’s stock worth $336,000 after buying an additional 60 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Watts Water Technologies by 1.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock worth $1,085,000 after buying an additional 65 shares during the period. Finally, M&T Bank Corp lifted its position in shares of Watts Water Technologies by 3.4% during the 3rd quarter. M&T Bank Corp now owns 2,272 shares of the technology company’s stock worth $471,000 after buying an additional 74 shares during the period. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Stock Up 2.3 %

NYSE WTS opened at $211.23 on Friday. The stock has a fifty day moving average of $209.83 and a 200-day moving average of $206.78. The stock has a market capitalization of $7.04 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $232.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.81%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 19.79%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stifel Nicolaus raised their target price on Watts Water Technologies from $218.00 to $219.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group lifted their price objective 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 research report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price objective for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $220.00.

Insider Buying and Selling

In related news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total transaction of $925,700.41. Following the completion of the sale, the insider now directly owns 10,469 shares of the company’s stock, valued at $2,204,038.57. The trade was a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

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.