Commonwealth Equity Services LLC Has $962,000 Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Commonwealth Equity Services LLC lessened its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,730 shares of the technology company’s stock after selling 2,172 shares during the period. Commonwealth Equity Services LLC’s holdings in Watts Water Technologies were worth $962,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Watts Water Technologies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company’s stock worth $55,411,000 after buying an additional 12,159 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Watts Water Technologies by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,703 shares of the technology company’s stock worth $64,996,000 after buying an additional 3,296 shares in the last quarter. State Street Corp raised its holdings in shares of Watts Water Technologies by 0.9% in the third quarter. State Street Corp now owns 977,000 shares of the technology company’s stock valued at $202,425,000 after purchasing an additional 8,314 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Watts Water Technologies by 35.2% in the fourth quarter. Van ECK Associates Corp now owns 23,507 shares of the technology company’s stock valued at $4,779,000 after acquiring an additional 6,125 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Watts Water Technologies by 264.1% during the 4th quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company’s stock worth $1,236,000 after purchasing an additional 4,410 shares during the period. 95.02% of the stock is currently owned by institutional investors.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 10,469 shares in the company, valued at approximately $2,204,038.57. This represents a 29.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Watts Water Technologies Stock Performance

NYSE WTS opened at $206.29 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59. The company has a fifty day moving average of $211.32 and a 200-day moving average of $208.30. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $232.60. The company has a market capitalization of $6.87 billion, a P/E ratio of 23.74, a P/E/G ratio of 3.42 and a beta of 0.93.

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 net margin of 12.93% and a return on equity of 18.08%. As a group, equities research analysts predict that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Friday, February 28th. Watts Water Technologies’s payout ratio is 19.79%.

Wall Street Analyst Weigh In

WTS has been the topic of several research analyst reports. Stifel Nicolaus upped their price objective 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. The Goldman Sachs Group upped their price target 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They set a “hold” rating and a $240.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average 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.