Dynamic Technology Lab Private Ltd Has $820,000 Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Dynamic Technology Lab Private Ltd reduced its position in Watts Water Technologies, Inc. (NYSE:WTS) by 41.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,938 shares of the technology company’s stock after selling 2,762 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Watts Water Technologies were worth $820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WTS. Norges Bank acquired a new position in Watts Water Technologies in the fourth quarter worth approximately $61,513,000. Vanguard Group Inc. raised its holdings in shares of Watts Water Technologies by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,188,071 shares of the technology company’s stock valued at $550,962,000 after purchasing an additional 29,113 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Watts Water Technologies by 235.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 35,679 shares of the technology company’s stock valued at $7,433,000 after purchasing an additional 25,046 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in Watts Water Technologies by 61.2% in the fourth quarter. Natixis Advisors L.P. now owns 54,472 shares of the technology company’s stock worth $11,347,000 after purchasing an additional 20,670 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Watts Water Technologies by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 292,299 shares of the technology company’s stock worth $50,515,000 after buying an additional 18,213 shares during the last quarter. 95.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Watts Water Technologies news, insider Elie Melhem sold 2,051 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $215.51, for a total value of $442,011.01. Following the completion of the transaction, the insider now owns 13,226 shares of the company’s stock, valued at approximately $2,850,335.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Elie Melhem sold 2,051 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $215.51, for a total transaction of $442,011.01. Following the completion of the transaction, the insider now directly owns 13,226 shares of the company’s stock, valued at approximately $2,850,335.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Timothy P. Horne sold 764 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $199.00, for a total transaction of $152,036.00. Following the completion of the sale, the insider now directly owns 14,236 shares in the company, valued at approximately $2,832,964. The disclosure for this sale can be found here. Insiders have sold a total of 4,664 shares of company stock valued at $966,367 over the last three months. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WTS shares. Stifel Nicolaus boosted their price target on Watts Water Technologies from $206.00 to $209.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Robert W. Baird boosted their target price on Watts Water Technologies from $212.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $199.50.

Watts Water Technologies Stock Down 0.9 %

Watts Water Technologies stock opened at $213.68 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.48 and a quick ratio of 1.44. Watts Water Technologies, Inc. has a fifty-two week low of $156.85 and a fifty-two week high of $219.52. The firm has a fifty day moving average price of $207.05 and a two-hundred day moving average price of $202.48. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 3.14 and a beta of 0.95.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Wednesday, May 8th. The technology company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.22. Watts Water Technologies had a net margin of 12.53% and a return on equity of 19.61%. The business had revenue of $570.90 million for the quarter, compared to analyst estimates of $547.20 million. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Watts Water Technologies’s revenue was up 21.0% compared to the same quarter last year. As a group, analysts forecast that Watts Water Technologies, Inc. will post 8.57 earnings per share for the current year.

Watts Water Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from Watts Water Technologies’s previous quarterly dividend of $0.36. Watts Water Technologies’s dividend payout ratio (DPR) is presently 17.87%.

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.