17,484 Shares in Watts Water Technologies, Inc. (NYSE:WTS) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Watts Water Technologies, Inc. (NYSE:WTS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,484 shares of the technology company’s stock, valued at approximately $3,554,000. Proficio Capital Partners LLC owned approximately 0.05% of Watts Water Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. M&T Bank Corp grew its stake in shares of Watts Water Technologies by 12.9% in the fourth quarter. M&T Bank Corp now owns 2,566 shares of the technology company’s stock worth $522,000 after acquiring an additional 294 shares during the last quarter. Atria Investments Inc boosted its stake in Watts Water Technologies by 25.2% in the 4th quarter. Atria Investments Inc now owns 7,979 shares of the technology company’s stock worth $1,622,000 after purchasing an additional 1,605 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Watts Water Technologies by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,703 shares of the technology company’s stock valued at $64,996,000 after purchasing an additional 3,296 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Watts Water Technologies by 11.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,550 shares of the technology company’s stock valued at $315,000 after purchasing an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Watts Water Technologies by 660.3% during the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company’s stock valued at $113,000 after purchasing an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Insiders Place Their Bets

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the business’s stock in a transaction dated 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 owns 10,469 shares of the company’s stock, valued at approximately $2,204,038.57. The trade was a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Watts Water Technologies Stock Performance

Shares of WTS opened at $213.97 on Tuesday. The firm has a market capitalization of $7.13 billion, a P/E ratio of 24.62, a PEG ratio of 3.42 and a beta of 0.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. Watts Water Technologies, Inc. has a one year low of $175.37 and a one year high of $232.60. The business has a fifty day moving average of $210.07 and a 200 day moving average of $207.01.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (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%. As a group, sell-side analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued 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 yield of 0.80%. Watts Water Technologies’s dividend payout ratio is currently 19.79%.

Analysts Set New Price Targets

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

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.