Fulton Breakefield Broenniman LLC Lowers Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Fulton Breakefield Broenniman LLC lowered its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,060 shares of the technology company’s stock after selling 330 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Watts Water Technologies were worth $221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in WTS. Contravisory Investment Management Inc. purchased a new stake in shares of Watts Water Technologies during the 4th quarter valued at $26,000. Allworth Financial LP raised its position in shares of Watts Water Technologies by 47.5% during the 4th quarter. Allworth Financial LP now owns 174 shares of the technology company’s stock valued at $36,000 after buying an additional 56 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Watts Water Technologies during the 4th quarter valued at $39,000. Headinvest LLC purchased a new stake in shares of Watts Water Technologies during the 3rd quarter valued at $41,000. Finally, AdvisorNet Financial Inc raised its position in shares of Watts Water Technologies by 2,857.1% during the 4th quarter. AdvisorNet Financial Inc now owns 207 shares of the technology company’s stock valued at $43,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WTS shares. Stifel Nicolaus lifted their target price on shares of Watts Water Technologies from $206.00 to $209.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Robert W. Baird lifted their target price on shares of Watts Water Technologies from $191.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Watts Water Technologies presently has a consensus rating of “Hold” and a consensus target price of $191.20.

Watts Water Technologies Trading Up 0.0 %

Watts Water Technologies stock traded up $0.08 during trading hours on Friday, reaching $201.50. The stock had a trading volume of 180,009 shares, compared to its average volume of 108,585. The stock has a market cap of $6.71 billion, a PE ratio of 25.77, a PEG ratio of 2.95 and a beta of 0.94. Watts Water Technologies, Inc. has a 52 week low of $156.85 and a 52 week high of $219.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.61 and a quick ratio of 1.63. The company has a fifty day simple moving average of $203.89 and a 200-day simple moving average of $198.05.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.19. The business had revenue of $547.50 million for the quarter, compared to analyst estimates of $532.58 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 EPS. Analysts forecast that Watts Water Technologies, Inc. will post 8.53 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Thursday, February 29th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 18.41%.

Insiders Place Their Bets

In other Watts Water Technologies news, insider Elie Melhem sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $199.50, for a total value of $498,750.00. Following the sale, the insider now owns 13,564 shares of the company’s stock, valued at approximately $2,706,018. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the sale, the chief accounting officer now owns 14,818 shares of the company’s stock, valued at approximately $2,994,865.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elie Melhem sold 2,500 shares of Watts Water Technologies stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $199.50, for a total transaction of $498,750.00. Following the sale, the insider now directly owns 13,564 shares in the company, valued at approximately $2,706,018. The disclosure for this sale can be found here. Insiders have sold a total of 5,113 shares of company stock valued at $1,023,106 in the last quarter. Insiders own 1.10% of the company’s stock.

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.