Watts Water Technologies Inc (WTS) Holdings Lifted by Citigroup Inc.

Citigroup Inc. grew its position in Watts Water Technologies Inc (NYSE:WTS) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,654 shares of the technology company’s stock after purchasing an additional 754 shares during the period. Citigroup Inc.’s holdings in Watts Water Technologies were worth $1,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Comerica Bank lifted its stake in shares of Watts Water Technologies by 0.6% in the 4th quarter. Comerica Bank now owns 27,064 shares of the technology company’s stock worth $1,977,000 after acquiring an additional 162 shares during the period. Piedmont Investment Advisors Inc. lifted its stake in shares of Watts Water Technologies by 3.2% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,608 shares of the technology company’s stock worth $426,000 after acquiring an additional 207 shares during the period. ETF Managers Group LLC lifted its stake in shares of Watts Water Technologies by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 1,677 shares of the technology company’s stock worth $108,000 after acquiring an additional 228 shares during the period. CAPROCK Group Inc. lifted its stake in shares of Watts Water Technologies by 5.9% in the 4th quarter. CAPROCK Group Inc. now owns 4,778 shares of the technology company’s stock worth $308,000 after acquiring an additional 265 shares during the period. Finally, Ledyard National Bank lifted its stake in shares of Watts Water Technologies by 3.8% in the 4th quarter. Ledyard National Bank now owns 10,235 shares of the technology company’s stock worth $661,000 after acquiring an additional 375 shares during the period. Hedge funds and other institutional investors own 75.89% of the company’s stock.

In related news, major shareholder Timothy P. Horne sold 10,142 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $79.57, for a total transaction of $806,998.94. Following the completion of the sale, the insider now directly owns 2,358 shares of the company’s stock, valued at $187,626.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Munish Nanda sold 11,059 shares of the stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $79.32, for a total transaction of $877,199.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,055 shares of company stock valued at $5,707,415. Company insiders own 1.10% of the company’s stock.

A number of analysts have recently weighed in on WTS shares. Seaport Global Securities raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 4th. Oppenheimer reaffirmed a “hold” rating on shares of Watts Water Technologies in a research note on Monday, February 11th. Finally, Janney Montgomery Scott lowered shares of Watts Water Technologies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $81.00 to $83.00 in a research note on Monday, February 11th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Watts Water Technologies presently has a consensus rating of “Hold” and an average target price of $89.50.

WTS stock opened at $79.00 on Friday. Watts Water Technologies Inc has a 12 month low of $61.17 and a 12 month high of $93.35. The company has a market cap of $2.68 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 0.36.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Thursday, February 7th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. Watts Water Technologies had a net margin of 7.97% and a return on equity of 14.71%. The business had revenue of $387.60 million during the quarter, compared to analyst estimates of $382.33 million. During the same period in the prior year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts predict that Watts Water Technologies Inc will post 4.07 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, February 28th. Watts Water Technologies’s dividend payout ratio is presently 22.46%.

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Watts Water Technologies Profile

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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