Watts Water Technologies, Inc. (NYSE:WTS) Shares Acquired by Dundas Partners LLP

Dundas Partners LLP raised its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,567 shares of the technology company’s stock after purchasing an additional 366 shares during the quarter. Dundas Partners LLP’s holdings in Watts Water Technologies were worth $522,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Amundi raised its stake in shares of Watts Water Technologies by 3.1% during the fourth quarter. Amundi now owns 171,056 shares of the technology company’s stock worth $34,495,000 after purchasing an additional 5,200 shares during the last quarter. Banco Santander S.A. increased its stake in Watts Water Technologies by 5.1% in the 4th quarter. Banco Santander S.A. now owns 6,539 shares of the technology company’s stock valued at $1,329,000 after buying an additional 316 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its position in Watts Water Technologies by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the technology company’s stock worth $407,000 after buying an additional 125 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of Watts Water Technologies in the 4th quarter worth $793,000. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in shares of Watts Water Technologies by 14.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 18,056 shares of the technology company’s stock valued at $3,671,000 after acquiring an additional 2,212 shares in the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.

Watts Water Technologies Stock Performance

Shares of WTS stock opened at $214.96 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59. The stock has a market cap of $7.16 billion, a PE ratio of 24.74, a P/E/G ratio of 3.42 and a beta of 0.93. The stock has a fifty day moving average price of $209.09 and a 200 day moving average price of $206.06. 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 announced its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

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 is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.80%. Watts Water Technologies’s dividend payout ratio is presently 19.79%.

Analysts Set New Price Targets

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

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.