Skandinaviska Enskilda Banken AB publ Sells 105 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Skandinaviska Enskilda Banken AB publ lowered its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,848 shares of the technology company’s stock after selling 105 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Watts Water Technologies were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. OneDigital Investment Advisors LLC raised its holdings in Watts Water Technologies by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock valued at $1,085,000 after buying an additional 65 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Watts Water Technologies by 29.5% in the 3rd quarter. Empowered Funds LLC now owns 1,592 shares of the technology company’s stock valued at $330,000 after acquiring an additional 363 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Watts Water Technologies by 4.0% in the 3rd quarter. Natixis Advisors LLC now owns 42,655 shares of the technology company’s stock worth $8,838,000 after purchasing an additional 1,631 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in Watts Water Technologies by 24.4% during the third quarter. Banque Cantonale Vaudoise now owns 5,879 shares of the technology company’s stock worth $1,218,000 after purchasing an additional 1,154 shares during the period. Finally, King Luther Capital Management Corp boosted its position in Watts Water Technologies by 0.5% during the third quarter. King Luther Capital Management Corp now owns 18,816 shares of the technology company’s stock worth $3,898,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

NYSE:WTS opened at $213.97 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. Watts Water Technologies, Inc. has a one year low of $175.37 and a one year high of $232.60. The company has a fifty day moving average price of $210.07 and a 200 day moving average price of $207.01. The stock has a market cap of $7.13 billion, a P/E ratio of 24.62, a PEG ratio of 3.42 and a beta of 0.93.

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

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Friday, February 28th. Watts Water Technologies’s payout ratio is presently 19.79%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WTS. Stifel Nicolaus boosted their price objective on shares of Watts Water Technologies from $218.00 to $219.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They set a “hold” rating and a $240.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Watts Water Technologies presently has an average rating of “Hold” and an average price target of $220.00.

Insider Activity

In other news, insider Elie Melhem sold 4,397 shares of Watts Water Technologies stock in a transaction dated Tuesday, March 11th. The shares were 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 in the company, valued at approximately $2,204,038.57. The trade was a 29.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

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.