Jump Financial LLC Sells 1,050 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Jump Financial LLC reduced its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,629 shares of the technology company’s stock after selling 1,050 shares during the quarter. Jump Financial LLC’s holdings in Watts Water Technologies were worth $1,551,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. UMB Bank n.a. lifted its holdings in Watts Water Technologies by 59.8% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock valued at $32,000 after purchasing an additional 58 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Watts Water Technologies by 329.1% during the 4th quarter. Headlands Technologies LLC now owns 236 shares of the technology company’s stock worth $48,000 after buying an additional 181 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Watts Water Technologies by 60.5% during the 4th quarter. Huntington National Bank now owns 366 shares of the technology company’s stock worth $74,000 after buying an additional 138 shares during the period. Jones Financial Companies Lllp grew its stake in Watts Water Technologies by 660.3% in the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company’s stock valued at $113,000 after buying an additional 482 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Watts Water Technologies by 45.2% during the fourth quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company’s stock worth $115,000 after acquiring an additional 176 shares during the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Stifel Nicolaus upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $219.00 to $229.00 in a research report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Watts Water Technologies currently has an average rating of “Moderate Buy” and an average price target of $222.00.

Watts Water Technologies Trading Down 0.1 %

Shares of NYSE:WTS opened at $197.32 on Friday. The company has a market capitalization of $6.57 billion, a P/E ratio of 22.71, a P/E/G ratio of 3.42 and a beta of 0.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. The business’s 50 day simple moving average is $206.41 and its 200 day simple moving average is $207.04. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $232.60.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. On average, research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

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 dividend of $0.43 per share. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.87%. Watts Water Technologies’s dividend payout ratio is currently 19.79%.

Insiders Place Their Bets

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the transaction, the insider now owns 10,469 shares in the company, valued at $2,204,038.57. The trade was a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

About Watts Water Technologies

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.