Groupama Asset Managment Purchases 14,477 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Groupama Asset Managment grew its position in Watts Water Technologies, Inc. (NYSE:WTS) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,816 shares of the technology company’s stock after purchasing an additional 14,477 shares during the quarter. Groupama Asset Managment owned approximately 0.19% of Watts Water Technologies worth $12,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock valued at $32,000 after acquiring an additional 58 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Watts Water Technologies by 329.1% in the 4th quarter. Headlands Technologies LLC now owns 236 shares of the technology company’s stock worth $48,000 after purchasing an additional 181 shares in the last quarter. Jones Financial Companies Lllp boosted 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 worth $113,000 after purchasing an additional 482 shares during the period. Farther Finance Advisors LLC grew its holdings in Watts Water Technologies by 45.2% during the 4th quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company’s stock valued at $115,000 after buying an additional 176 shares in the last quarter. Finally, Leavell Investment Management Inc. purchased a new position in shares of Watts Water Technologies in the fourth quarter worth $205,000. 95.02% of the stock is currently owned by institutional investors.

Insider Activity

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the sale, the insider now owns 10,469 shares of the company’s stock, valued at approximately $2,204,038.57. The trade was a 29.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Watts Water Technologies Stock Down 0.1 %

Shares of WTS opened at $203.72 on Tuesday. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $232.60. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $211.46 and a 200 day moving average of $208.22. The company has a market cap of $6.79 billion, a PE ratio of 23.44, a P/E/G ratio of 3.42 and a beta of 0.93.

Watts Water Technologies (NYSE:WTS) last issued its 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 net margin of 12.93% and a return on equity of 18.08%. On average, sell-side analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The business also recently announced 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 0.84%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 19.79%.

Analyst Upgrades and Downgrades

WTS has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Stifel Nicolaus increased their target price on Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Watts Water Technologies in a research note on Tuesday, December 17th. They set a “hold” rating and a $240.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Watts Water Technologies currently has a consensus rating of “Hold” and an average price target of $220.00.

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.