Bank of New York Mellon Corp Buys 911 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Bank of New York Mellon Corp increased its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 242,758 shares of the technology company’s stock after acquiring an additional 911 shares during the quarter. Bank of New York Mellon Corp owned about 0.73% of Watts Water Technologies worth $49,353,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB lifted its position in Watts Water Technologies by 11.2% during the fourth quarter. Handelsbanken Fonder AB now owns 7,944 shares of the technology company’s stock worth $1,615,000 after purchasing an additional 800 shares during the period. Freedom Day Solutions LLC grew its position in shares of Watts Water Technologies by 1.9% in the 4th quarter. Freedom Day Solutions LLC now owns 10,795 shares of the technology company’s stock valued at $2,194,000 after buying an additional 201 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Watts Water Technologies by 18.4% in the 4th quarter. D.A. Davidson & CO. now owns 2,584 shares of the technology company’s stock valued at $525,000 after buying an additional 402 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Watts Water Technologies by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 77,364 shares of the technology company’s stock valued at $15,728,000 after buying an additional 994 shares during the last quarter. Finally, Quantum Private Wealth LLC grew its position in shares of Watts Water Technologies by 4.5% in the 4th quarter. Quantum Private Wealth LLC now owns 2,269 shares of the technology company’s stock valued at $461,000 after buying an additional 98 shares during the last quarter. 95.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Watts Water Technologies Price Performance

Shares of NYSE:WTS opened at $209.67 on Thursday. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $6.99 billion, a PE ratio of 24.13, a P/E/G ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60. The company has a 50-day moving average price of $208.76 and a two-hundred 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 analysts’ consensus estimates of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. Equities analysts forecast 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 will be paid on Friday, March 14th. Shareholders 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 dividend on an annualized basis and a yield of 0.82%. Watts Water Technologies’s dividend payout ratio is presently 19.79%.

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.