Watts Water Technologies, Inc. (NYSE:WTS) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,863 shares of the technology company’s stock after selling 1,279 shares during the period. Congress Wealth Management LLC DE owned approximately 0.19% of Watts Water Technologies worth $13,187,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WTS. State Street Corp grew its holdings in Watts Water Technologies by 0.9% during the third quarter. State Street Corp now owns 977,000 shares of the technology company’s stock worth $202,425,000 after acquiring an additional 8,314 shares during the period. Geode Capital Management LLC grew its stake in shares of Watts Water Technologies by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 741,743 shares of the technology company’s stock worth $153,708,000 after purchasing an additional 30,688 shares during the period. Boston Partners increased its holdings in shares of Watts Water Technologies by 7.6% in the 4th quarter. Boston Partners now owns 632,155 shares of the technology company’s stock valued at $128,527,000 after purchasing an additional 44,465 shares in the last quarter. KBC Group NV lifted its stake in shares of Watts Water Technologies by 6.5% in the fourth quarter. KBC Group NV now owns 323,007 shares of the technology company’s stock valued at $65,667,000 after purchasing an additional 19,598 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Watts Water Technologies by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,703 shares of the technology company’s stock worth $64,996,000 after buying an additional 3,296 shares in the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Elie Melhem sold 4,397 shares of the company’s 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 completion of the transaction, the insider now owns 10,469 shares of the company’s stock, valued at $2,204,038.57. This represents a 29.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WTS. Stifel Nicolaus lifted their price target on shares of Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They set a “hold” rating and a $240.00 target price on the stock. Finally, The Goldman Sachs Group upped their target price on Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Watts Water Technologies has an average rating of “Hold” and an average price target of $220.00.

Watts Water Technologies Price Performance

WTS stock opened at $212.69 on Tuesday. The stock’s 50 day moving average price is $211.22 and its 200 day moving average price is $207.61. The firm has a market cap of $7.09 billion, a P/E ratio of 24.47, a PEG ratio of 3.42 and a beta of 0.93. 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, Inc. has a 1 year low of $175.37 and a 1 year high of $232.60.

Watts Water Technologies (NYSE:WTS) last posted 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 return on equity of 18.08% and a net margin of 12.93%. On average, sell-side analysts expect that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.43 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.81%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 19.79%.

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.