US Bancorp DE Buys 514 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

US Bancorp DE raised its stake in Watts Water Technologies, Inc. (NYSE:WTS – Get Rating) by 13.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,422 shares of the technology company’s stock after acquiring an additional 514 shares during the period. US Bancorp DE’s holdings in Watts Water Technologies were worth $556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Keybank National Association OH lifted its position in Watts Water Technologies by 3.5% in the third quarter. Keybank National Association OH now owns 3,654 shares of the technology company’s stock valued at $459,000 after purchasing an additional 124 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Watts Water Technologies by 0.6% in the third quarter. Janney Montgomery Scott LLC now owns 12,306 shares of the technology company’s stock valued at $1,547,000 after purchasing an additional 76 shares during the last quarter. Raymond James & Associates bought a new position in shares of Watts Water Technologies during the third quarter valued at approximately $11,192,000. AE Wealth Management LLC bought a new position in shares of Watts Water Technologies during the third quarter valued at approximately $997,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Watts Water Technologies during the third quarter valued at approximately $64,000. Institutional investors own 74.85% of the company’s stock.

Analysts Set New Price Targets

WTS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded Watts Water Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $155.00 to $150.00 in a report on Tuesday, January 10th. They noted that the move was a valuation call. Stifel Nicolaus upped their target price on Watts Water Technologies from $145.00 to $146.00 and gave the company a “hold” rating in a report on Friday. StockNews.com downgraded Watts Water Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, January 6th. Finally, The Goldman Sachs Group increased their price objective on Watts Water Technologies from $129.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, November 4th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $135.80.

Watts Water Technologies Price Performance

WTS opened at $153.86 on Friday. The stock has a fifty day simple moving average of $151.77 and a two-hundred day simple moving average of $141.49. The company has a current ratio of 2.47, a quick ratio of 1.36 and a debt-to-equity ratio of 0.15. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 2.92 and a beta of 1.01. Watts Water Technologies, Inc. has a 12-month low of $116.31 and a 12-month high of $186.04.

Watts Water Technologies (NYSE:WTS – Get Rating) last released its earnings results on Wednesday, November 2nd. The technology company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. Watts Water Technologies had a return on equity of 19.81% and a net margin of 11.43%. The firm had revenue of $487.80 million for the quarter, compared to analysts’ expectations of $476.13 million. Research analysts predict that Watts Water Technologies, Inc. will post 7.08 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a $0.30 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.78%. Watts Water Technologies’s dividend payout ratio is currently 18.15%.

Watts Water Technologies Company Profile

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Watts Water Technologies, Inc engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks.