SG Americas Securities LLC lifted its holdings in Watts Water Technologies, Inc. (NYSE:WTS – Free Report) by 264.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,080 shares of the technology company’s stock after purchasing an additional 4,410 shares during the quarter. SG Americas Securities LLC’s holdings in Watts Water Technologies were worth $1,236,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC bought a new position in shares of Watts Water Technologies in the third quarter worth about $47,238,000. Boston Trust Walden Corp increased its holdings in shares of Watts Water Technologies by 60.3% in the third quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock valued at $107,778,000 after purchasing an additional 195,778 shares in the last quarter. Millennium Management LLC raised its position in Watts Water Technologies by 1,070.6% in the 2nd quarter. Millennium Management LLC now owns 209,000 shares of the technology company’s stock worth $38,324,000 after purchasing an additional 191,146 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Watts Water Technologies during the 3rd quarter worth $10,792,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Watts Water Technologies by 79.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 106,183 shares of the technology company’s stock worth $22,000,000 after buying an additional 47,123 shares in the last quarter. Institutional investors own 95.02% of the company’s stock.
Watts Water Technologies Stock Performance
WTS stock opened at $211.23 on Tuesday. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $222.70. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. The company has a market cap of $7.04 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 3.45 and a beta of 0.93. The business’s fifty day moving average is $209.23 and its 200-day moving average is $202.24.
Insider Transactions at Watts Water Technologies
In related news, General Counsel Kenneth Robert Lepage sold 3,429 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $194.65, for a total transaction of $667,454.85. Following the sale, the general counsel now owns 14,064 shares of the company’s stock, valued at approximately $2,737,557.60. This trade represents a 19.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert J. Pagano, Jr. sold 20,810 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $212.20, for a total value of $4,415,882.00. Following the completion of the transaction, the chief executive officer now directly owns 176,045 shares of the company’s stock, valued at approximately $37,356,749. The trade was a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,974 shares of company stock valued at $6,924,594 over the last three months. 1.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on WTS shares. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a research note on Monday, November 4th. Stifel Nicolaus lifted their price objective on Watts Water Technologies from $202.00 to $218.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Watts Water Technologies presently has a consensus rating of “Hold” and a consensus target price of $220.50.
Get Our Latest Analysis on WTS
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.
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