North Growth Management Ltd. Has $8.13 Million Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

North Growth Management Ltd. cut its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,000 shares of the technology company’s stock after selling 1,000 shares during the period. North Growth Management Ltd. owned approximately 0.12% of Watts Water Technologies worth $8,125,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Champlain Investment Partners LLC bought a new stake in shares of Watts Water Technologies during the 3rd quarter valued at $47,238,000. Boston Trust Walden Corp lifted its holdings in shares of Watts Water Technologies by 60.3% during the 3rd quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock worth $107,778,000 after acquiring an additional 195,778 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Watts Water Technologies during the 3rd quarter worth approximately $10,792,000. Allspring Global Investments Holdings LLC increased its stake in Watts Water Technologies by 79.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 106,183 shares of the technology company’s stock valued at $22,000,000 after acquiring an additional 47,123 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in Watts Water Technologies by 122.9% during the fourth quarter. Retirement Systems of Alabama now owns 74,194 shares of the technology company’s stock valued at $15,084,000 after purchasing an additional 40,912 shares in the last quarter. 95.02% of the stock is owned by institutional investors.

Watts Water Technologies Trading Down 1.0 %

Shares of Watts Water Technologies stock opened at $205.14 on Friday. The stock has a market capitalization of $6.84 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 3.39 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. The stock has a 50 day moving average price of $208.05 and a two-hundred day moving average price of $203.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55.

Watts Water Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.84%. Watts Water Technologies’s payout ratio is 20.62%.

Wall Street Analysts Forecast Growth

WTS has been the topic of a number of research analyst reports. Northcoast Research upgraded 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price on the stock. Finally, Stifel Nicolaus upped their price target on shares of Watts Water Technologies from $202.00 to $218.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $220.50.

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.