Vestmark Advisory Solutions Inc. Sells 241 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Vestmark Advisory Solutions Inc. trimmed its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,843 shares of the technology company’s stock after selling 241 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Watts Water Technologies were worth $3,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Allworth Financial LP raised its holdings 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 worth $36,000 after acquiring an additional 56 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Watts Water Technologies by 3.2% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,025 shares of the technology company’s stock worth $350,000 after buying an additional 62 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of Watts Water Technologies by 6.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,404 shares of the technology company’s stock valued at $243,000 after buying an additional 84 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Watts Water Technologies by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 34,277 shares of the technology company’s stock valued at $7,141,000 after acquiring an additional 87 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Watts Water Technologies by 50.3% during the fourth quarter. Fifth Third Bancorp now owns 281 shares of the technology company’s stock worth $59,000 after acquiring an additional 94 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WTS has been the topic of several analyst reports. Stifel Nicolaus boosted their target price on Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Robert W. Baird upped their price target on shares of Watts Water Technologies from $191.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Watts Water Technologies currently has a consensus rating of “Hold” and a consensus target price of $191.20.

Insiders Place Their Bets

In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $202.11, for a total value of $307,207.20. Following the transaction, the chief accounting officer now owns 14,818 shares in the company, valued at $2,994,865.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $202.11, for a total value of $307,207.20. Following the transaction, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at $2,994,865.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Timothy P. Horne sold 764 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $199.00, for a total value of $152,036.00. Following the completion of the sale, the insider now directly owns 14,236 shares of the company’s stock, valued at approximately $2,832,964. The disclosure for this sale can be found here. Insiders sold a total of 5,113 shares of company stock worth $1,023,106 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Watts Water Technologies Trading Up 0.7 %

Watts Water Technologies stock traded up $1.33 during trading hours on Friday, hitting $204.69. The company had a trading volume of 93,076 shares, compared to its average volume of 131,053. The firm has a market cap of $6.82 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.98 and a beta of 0.95. The company has a 50-day moving average price of $204.20 and a two-hundred day moving average price of $198.69. Watts Water Technologies, Inc. has a 1 year low of $156.85 and a 1 year high of $219.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.61.

Watts Water Technologies (NYSE:WTS) last posted 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. Watts Water Technologies had a return on equity of 19.38% and a net margin of 12.75%. The business had revenue of $547.50 million for the quarter, compared to the consensus estimate of $532.58 million. During the same quarter in the prior year, the company earned $1.60 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Watts Water Technologies, Inc. will post 8.53 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, February 29th. Watts Water Technologies’s payout ratio is 18.41%.

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.