Watts Water Technologies, Inc. (NYSE:WTS) Holdings Raised by Freedom Day Solutions LLC

Freedom Day Solutions LLC boosted its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,795 shares of the technology company’s stock after buying an additional 201 shares during the quarter. Freedom Day Solutions LLC’s holdings in Watts Water Technologies were worth $2,194,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WTS. Champlain Investment Partners LLC acquired a new position in shares of Watts Water Technologies during the 3rd quarter worth $47,238,000. Boston Trust Walden Corp increased its stake 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 purchasing an additional 195,778 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Watts Water Technologies during the 3rd quarter worth $10,792,000. Allspring Global Investments Holdings LLC increased its stake in shares of Watts Water Technologies by 79.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 106,183 shares of the technology company’s stock worth $22,000,000 after purchasing an additional 47,123 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Watts Water Technologies by 122.9% during the 4th quarter. Retirement Systems of Alabama now owns 74,194 shares of the technology company’s stock worth $15,084,000 after purchasing an additional 40,912 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Watts Water Technologies Stock Up 0.1 %

Shares of WTS opened at $218.45 on Thursday. 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 company has a 50-day simple moving average of $208.20 and a 200-day simple moving average of $203.75. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $232.60. The firm has a market capitalization of $7.28 billion, a P/E ratio of 25.14, a P/E/G ratio of 3.40 and a beta of 0.93.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, beating the consensus estimate 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, equities research analysts expect that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.79%. Watts Water Technologies’s dividend payout ratio (DPR) is 19.79%.

Analyst Ratings Changes

Several brokerages have recently commented on WTS. Deutsche Bank Aktiengesellschaft began 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. Stifel Nicolaus raised their target price on shares of Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group raised their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Watts Water Technologies has an average rating of “Hold” and an average price target of $220.00.

Watts Water Technologies 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.