Impact Capital Partners LLC Acquires Shares of 3,838 Watts Water Technologies, Inc. (NYSE:WTS)

Impact Capital Partners LLC acquired a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,838 shares of the technology company’s stock, valued at approximately $780,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WTS. Swiss National Bank grew its holdings in shares of Watts Water Technologies by 0.7% during the fourth quarter. Swiss National Bank now owns 53,900 shares of the technology company’s stock valued at $10,958,000 after purchasing an additional 400 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Watts Water Technologies by 45.2% during the fourth quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company’s stock valued at $115,000 after purchasing an additional 176 shares during the last quarter. Wealthfront Advisers LLC bought a new position in shares of Watts Water Technologies during the fourth quarter valued at approximately $9,773,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Watts Water Technologies by 9.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 82,225 shares of the technology company’s stock valued at $16,716,000 after purchasing an additional 7,150 shares during the last quarter. Finally, Dundas Partners LLP grew its holdings in shares of Watts Water Technologies by 16.6% during the fourth quarter. Dundas Partners LLP now owns 2,567 shares of the technology company’s stock valued at $522,000 after purchasing an additional 366 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Watts Water Technologies Trading Down 0.1 %

Watts Water Technologies stock opened at $208.91 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a one year low of $175.37 and a one year high of $232.60. The company’s fifty day moving average price is $209.55 and its two-hundred day moving average price is $206.55.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (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, analysts forecast that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business 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. This represents a $1.72 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, February 28th. Watts Water Technologies’s payout ratio is 19.79%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price objective for the company. The Goldman Sachs Group increased their price target on 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, Stifel Nicolaus increased their price objective 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $220.00.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total transaction of $925,700.41. Following the sale, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

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.