Sava Infond d.o.o. Buys Shares of 1,200 Watts Water Technologies, Inc. (NYSE:WTS)

Sava Infond d.o.o. bought a new position in Watts Water Technologies, Inc. (NYSE:WTS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,200 shares of the technology company’s stock, valued at approximately $244,000.

Several other hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Watts Water Technologies by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 316,407 shares of the technology company’s stock valued at $65,556,000 after buying an additional 9,148 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Watts Water Technologies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company’s stock valued at $55,411,000 after acquiring an additional 12,159 shares during the period. State Street Corp boosted its holdings in shares of Watts Water Technologies by 0.9% during the 3rd quarter. State Street Corp now owns 977,000 shares of the technology company’s stock valued at $202,425,000 after acquiring an additional 8,314 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Watts Water Technologies by 35.2% in the fourth quarter. Van ECK Associates Corp now owns 23,507 shares of the technology company’s stock worth $4,779,000 after acquiring an additional 6,125 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Watts Water Technologies by 264.1% during the fourth quarter. SG Americas Securities LLC now owns 6,080 shares of the technology company’s stock valued at $1,236,000 after purchasing an additional 4,410 shares during the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price target on the stock. Finally, Stifel Nicolaus upped 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $220.00.

Insiders Place Their Bets

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the firm’s stock in a transaction dated 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 $2,204,038.57. This trade represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Watts Water Technologies Trading Down 1.2 %

Shares of WTS stock opened at $209.73 on Friday. 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 cap of $6.99 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a 1 year low of $175.37 and a 1 year high of $232.60. The firm has a fifty day moving average price of $211.60 and a 200-day moving average price of $207.82.

Watts Water Technologies (NYSE:WTS) last released 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%. As a group, equities analysts predict that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, February 28th. Watts Water Technologies’s dividend payout ratio is currently 19.79%.

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.