Deutsche Bank AG lowered its holdings in shares of Watts Water Technologies Inc (NYSE:WTS) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,727 shares of the technology company’s stock after selling 44,123 shares during the quarter. Deutsche Bank AG owned 0.52% of Watts Water Technologies worth $11,467,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Watts Water Technologies by 70.0% during the fourth quarter. FMR LLC now owns 425 shares of the technology company’s stock worth $27,000 after purchasing an additional 175 shares during the period. We Are One Seven LLC acquired a new stake in shares of Watts Water Technologies during the fourth quarter worth about $32,000. Quantamental Technologies LLC acquired a new stake in Watts Water Technologies in the 4th quarter valued at approximately $52,000. Clean Yield Group acquired a new stake in Watts Water Technologies in the 4th quarter valued at approximately $88,000. Finally, Whittier Trust Co. acquired a new stake in Watts Water Technologies in the 4th quarter valued at approximately $90,000. 77.56% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on WTS shares. Oppenheimer reissued a “hold” rating on shares of Watts Water Technologies in a research report on Monday, February 11th. Janney Montgomery Scott lowered Watts Water Technologies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $81.00 to $83.00 in a research report on Monday, February 11th. Finally, Stifel Nicolaus lifted their target price on Watts Water Technologies from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $89.50.
Shares of Watts Water Technologies stock opened at $84.70 on Wednesday. Watts Water Technologies Inc has a 52-week low of $61.17 and a 52-week high of $93.35. The company has a market capitalization of $2.85 billion, a P/E ratio of 22.65, a PEG ratio of 2.06 and a beta of 1.22. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 0.36.
Watts Water Technologies (NYSE:WTS) last announced its earnings results on Thursday, February 7th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. Watts Water Technologies had a return on equity of 14.71% and a net margin of 7.97%. The business had revenue of $387.60 million for the quarter, compared to analyst estimates of $382.33 million. During the same quarter last year, the firm earned $0.74 EPS. Watts Water Technologies’s revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts forecast that Watts Water Technologies Inc will post 4.07 earnings per share for the current year.
Watts Water Technologies Company Profile
Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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