EULAV Asset Management Has $15.42 Million Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

EULAV Asset Management grew its position in Watts Water Technologies, Inc. (NYSE:WTS) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,847 shares of the technology company’s stock after buying an additional 4,200 shares during the quarter. EULAV Asset Management owned approximately 0.23% of Watts Water Technologies worth $15,420,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Robertson Stephens Wealth Management LLC boosted its stake in Watts Water Technologies by 19.6% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,354 shares of the technology company’s stock worth $275,000 after purchasing an additional 222 shares during the period. Retirement Systems of Alabama boosted its position in shares of Watts Water Technologies by 122.9% in the fourth quarter. Retirement Systems of Alabama now owns 74,194 shares of the technology company’s stock worth $15,084,000 after buying an additional 40,912 shares during the period. Laurus Investment Counsel Inc. purchased a new position in shares of Watts Water Technologies during the fourth quarter valued at $1,037,000. KBC Group NV raised its position in Watts Water Technologies by 6.5% during the fourth quarter. KBC Group NV now owns 323,007 shares of the technology company’s stock valued at $65,667,000 after buying an additional 19,598 shares during the period. Finally, Andina Capital Management LLC lifted its stake in Watts Water Technologies by 3.5% in the 4th quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company’s stock worth $347,000 after acquiring an additional 58 shares in the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WTS has been the topic of several research analyst reports. Northcoast Research raised 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. 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 research note on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price objective for the company. Three investment 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 an average rating of “Hold” and a consensus price target of $220.50.

Watts Water Technologies Stock Performance

WTS stock opened at $205.14 on Friday. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 3.39 and a beta of 0.93. The firm has a 50 day moving average of $208.26 and a two-hundred day moving average of $202.99. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. Watts Water Technologies, Inc. has a 12 month low of $175.37 and a 12 month high of $222.70.

Watts Water Technologies Dividend Announcement

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

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.