XTX Topco Ltd Has $634,000 Position in Watts Water Technologies, Inc. (NYSE:WTS)

XTX Topco Ltd increased its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 21.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,121 shares of the technology company’s stock after purchasing an additional 542 shares during the quarter. XTX Topco Ltd’s holdings in Watts Water Technologies were worth $634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WTS. UMB Bank n.a. increased its holdings in shares of Watts Water Technologies by 59.8% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock worth $32,000 after buying an additional 58 shares in the last quarter. Headlands Technologies LLC raised its position in Watts Water Technologies by 329.1% in the fourth quarter. Headlands Technologies LLC now owns 236 shares of the technology company’s stock valued at $48,000 after purchasing an additional 181 shares during the last quarter. Huntington National Bank grew its holdings in shares of Watts Water Technologies by 60.5% during the fourth quarter. Huntington National Bank now owns 366 shares of the technology company’s stock worth $74,000 after purchasing an additional 138 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Watts Water Technologies by 660.3% in the fourth quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company’s stock valued at $113,000 after buying an additional 482 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Watts Water Technologies by 45.2% in the 4th quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company’s stock valued at $115,000 after buying an additional 176 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

Shares of NYSE WTS opened at $197.32 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $6.57 billion, a PE ratio of 22.71, a P/E/G ratio of 3.42 and a beta of 0.95. The firm has a fifty day simple moving average of $206.41 and a 200 day simple moving average of $207.03. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60.

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

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 0.87%. Watts Water Technologies’s dividend payout ratio is currently 19.79%.

Insider Activity at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the completion of the sale, the insider now directly owns 10,469 shares of the company’s stock, valued at $2,204,038.57. The trade was a 29.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group boosted 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. Stifel Nicolaus raised Watts Water Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $219.00 to $229.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Watts Water Technologies has a consensus rating of “Moderate Buy” and an average target price of $222.00.

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.