New Age Alpha Advisors LLC Purchases New Position in Watts Water Technologies, Inc. (NYSE:WTS)

New Age Alpha Advisors LLC purchased a new position in Watts Water Technologies, Inc. (NYSE:WTS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,100 shares of the technology company’s stock, valued at approximately $1,240,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Watts Water Technologies during the 4th quarter worth approximately $60,887,000. Raymond James Financial Inc. purchased a new stake in Watts Water Technologies in the fourth quarter worth $23,044,000. Erste Asset Management GmbH purchased a new stake in Watts Water Technologies in the third quarter worth $10,792,000. Wealthfront Advisers LLC bought a new position in Watts Water Technologies in the fourth quarter worth $9,773,000. Finally, Boston Partners lifted its position in Watts Water Technologies by 7.6% during the fourth quarter. Boston Partners now owns 632,155 shares of the technology company’s stock valued at $128,527,000 after buying an additional 44,465 shares during the period. 95.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WTS has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price 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. Finally, The Goldman Sachs Group lifted their target price 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $220.00.

Watts Water Technologies Stock Down 2.6 %

Shares of Watts Water Technologies stock opened at $203.89 on Monday. The company has a 50-day simple moving average of $211.53 and a two-hundred day simple moving average of $208.14. The stock has a market capitalization of $6.79 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $232.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59.

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

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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 dividend yield of 0.84%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 19.79%.

Insider Activity at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of the 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 transaction, the insider now owns 10,469 shares in the company, valued at $2,204,038.57. This represents a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

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.