Triodos Investment Management BV Has $16.87 Million Stock Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Triodos Investment Management BV increased its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 9.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 83,000 shares of the technology company’s stock after acquiring an additional 7,000 shares during the period. Triodos Investment Management BV’s holdings in Watts Water Technologies were worth $16,874,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in shares of Watts Water Technologies by 59.8% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock worth $32,000 after buying an additional 58 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. Farther Finance Advisors LLC boosted its stake in shares of 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 purchasing an additional 176 shares during the last quarter. Leavell Investment Management Inc. bought a new position in shares of Watts Water Technologies in the 4th quarter worth about $205,000. Finally, Quantinno Capital Management LP acquired a new stake in Watts Water Technologies during the third quarter worth approximately $231,000. Institutional investors and hedge funds own 95.02% of the company’s stock.

Insider Activity

In other news, insider Elie Melhem sold 4,397 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the sale, the insider now directly owns 10,469 shares of the company’s stock, valued at approximately $2,204,038.57. This represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

WTS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price on the stock. The Goldman Sachs Group increased their price objective on Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus upped their price target on Watts Water Technologies from $218.00 to $219.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Watts Water Technologies presently has an average rating of “Hold” and a consensus price target of $220.00.

Watts Water Technologies Trading Down 1.2 %

Shares of WTS opened at $209.73 on Friday. The firm has a fifty day simple moving average of $211.60 and a two-hundred day simple moving average of $207.82. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60. The stock has a market capitalization of $6.99 billion, a P/E ratio of 24.13, a PEG ratio of 3.42 and a beta of 0.93. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, February 28th. Watts Water Technologies’s payout ratio is presently 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.