Curated Wealth Partners LLC Increases Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Curated Wealth Partners LLC raised its position in Watts Water Technologies, Inc. (NYSE:WTS) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,675 shares of the technology company’s stock after buying an additional 385 shares during the period. Curated Wealth Partners LLC’s holdings in Watts Water Technologies were worth $544,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in shares of Watts Water Technologies by 468.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,039 shares of the technology company’s stock valued at $1,024,000 after purchasing an additional 4,152 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Watts Water Technologies by 7.7% in the fourth quarter. Wesbanco Bank Inc. now owns 2,809 shares of the technology company’s stock valued at $571,000 after buying an additional 200 shares in the last quarter. 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 buying an additional 4,410 shares during the period. Perpetual Ltd lifted its position in shares of Watts Water Technologies by 8.4% during the 4th quarter. Perpetual Ltd now owns 52,368 shares of the technology company’s stock valued at $10,646,000 after buying an additional 4,040 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of Watts Water Technologies during the 4th quarter valued at approximately $357,000. Institutional investors and hedge funds own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

Shares of NYSE WTS opened at $210.52 on Friday. The firm has a 50-day simple moving average of $209.24 and a 200-day simple moving average of $201.67. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 3.45 and a beta of 0.93. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $222.70.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The company had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.83 million. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. Watts Water Technologies’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.04 EPS. On average, equities analysts predict that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, November 29th. Watts Water Technologies’s payout ratio is currently 20.62%.

Analysts Set New Price Targets

A number of research firms have weighed in on WTS. Deutsche Bank Aktiengesellschaft started coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price objective for the company. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target on the stock in a research note on Monday, November 4th. Finally, Stifel Nicolaus lifted their price objective on Watts Water Technologies from $202.00 to $218.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $220.50.

Insiders Place Their Bets

In related news, General Counsel Kenneth Robert Lepage sold 3,429 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $194.65, for a total value of $667,454.85. Following the transaction, the general counsel now directly owns 14,064 shares in the company, valued at approximately $2,737,557.60. This represents a 19.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Shashank Patel sold 4,569 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.10, for a total value of $955,377.90. Following the completion of the transaction, the chief financial officer now owns 15,635 shares of the company’s stock, valued at $3,269,278.50. The trade was a 22.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,974 shares of company stock valued at $6,924,594 in the last three months. 1.10% of the stock is currently owned by insiders.

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.