Watts Water Technologies, Inc. $WTS Stock Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 1,981.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 14,259 shares of the technology company’s stock after buying an additional 13,574 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Watts Water Technologies were worth $5,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tidal Investments LLC increased its holdings in shares of Watts Water Technologies by 18.7% in the second quarter. Tidal Investments LLC now owns 30,668 shares of the technology company’s stock worth $12,005,000 after buying an additional 4,832 shares during the period. Candriam S.C.A. boosted its holdings in Watts Water Technologies by 26.6% during the 1st quarter. Candriam S.C.A. now owns 34,579 shares of the technology company’s stock valued at $10,038,000 after acquiring an additional 7,256 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Watts Water Technologies during the 2nd quarter valued at about $3,496,000. Lazard Asset Management LLC boosted its holdings in Watts Water Technologies by 79.8% during the 1st quarter. Lazard Asset Management LLC now owns 218,832 shares of the technology company’s stock valued at $63,525,000 after acquiring an additional 97,115 shares during the period. Finally, Empowered Funds LLC grew its position in Watts Water Technologies by 1,808.0% during the 1st quarter. Empowered Funds LLC now owns 27,876 shares of the technology company’s stock worth $8,092,000 after acquiring an additional 26,415 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

WTS stock opened at $358.86 on Friday. The firm’s 50-day moving average price is $359.54 and its two-hundred day moving average price is $340.11. Watts Water Technologies, Inc. has a 12-month low of $260.00 and a 12-month high of $394.54. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 3.49 and a beta of 1.15. The company has a current ratio of 2.66, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.34 by $0.32. The firm had revenue of $763.20 million during the quarter, compared to the consensus estimate of $725.99 million. Watts Water Technologies had a net margin of 14.34% and a return on equity of 19.16%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.09 earnings per share. As a group, equities analysts predict that Watts Water Technologies, Inc. will post 12.87 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, September 1st. Watts Water Technologies’s payout ratio is currently 22.01%.

Analyst Ratings Changes

A number of brokerages have commented on WTS. Robert W. Baird set a $405.00 price target on Watts Water Technologies in a research note on Friday, August 7th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $417.00 price objective on shares of Watts Water Technologies in a research report on Wednesday, October 14th. TD Cowen boosted their price objective on Watts Water Technologies from $275.00 to $320.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Stifel Nicolaus set a $445.00 price objective on Watts Water Technologies in a research note on Monday, October 19th. Finally, KeyCorp raised their target price on shares of Watts Water Technologies from $380.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Watts Water Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.90.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, Director Joseph Noonan sold 3,650 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $353.72, for a total transaction of $1,291,078.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elie Melhem sold 1,096 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $359.55, for a total value of $394,066.80. Following the completion of the sale, the insider owned 7,867 shares of the company’s stock, valued at approximately $2,828,579.85. This trade represents a 12.23% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by insiders.

About Watts Water Technologies

Watts Water Technologies, Inc designs, manufactures and sells products that manage the safety, efficiency, quality and flow of water in plumbing, heating and cooling systems. Its products serve residential, commercial, industrial and institutional applications, including new construction, renovation and infrastructure projects.

The company’s offerings include backflow prevention and water pressure management equipment, valves, regulators, drainage and plumbing products, water conditioning and filtration systems, water heaters, and solutions for hydronic heating and cooling.