TD Asset Management Inc. lifted its stake in shares of Watts Water Technologies Inc (NYSE:WTS) by 18.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 223,300 shares of the technology company’s stock after acquiring an additional 34,300 shares during the quarter. TD Asset Management Inc.’s holdings in Watts Water Technologies were worth $14,410,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Allianz Asset Management GmbH increased its holdings in shares of Watts Water Technologies by 6,087.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 175,664 shares of the technology company’s stock valued at $14,580,000 after acquiring an additional 172,825 shares during the period. Man Group plc increased its holdings in shares of Watts Water Technologies by 205.5% in the 3rd quarter. Man Group plc now owns 113,835 shares of the technology company’s stock valued at $9,448,000 after acquiring an additional 76,570 shares during the period. Morgan Stanley increased its holdings in shares of Watts Water Technologies by 54.0% in the 3rd quarter. Morgan Stanley now owns 211,625 shares of the technology company’s stock valued at $17,565,000 after acquiring an additional 74,235 shares during the period. BTIM Corp. increased its holdings in shares of Watts Water Technologies by 28.2% in the 3rd quarter. BTIM Corp. now owns 234,573 shares of the technology company’s stock valued at $19,470,000 after acquiring an additional 51,611 shares during the period. Finally, Vanguard Group Inc increased its holdings in shares of Watts Water Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 2,767,832 shares of the technology company’s stock valued at $229,730,000 after acquiring an additional 45,313 shares during the period. Institutional investors and hedge funds own 78.42% of the company’s stock.

WTS traded down $3.63 during trading on Monday, hitting $78.16. The stock had a trading volume of 613 shares, compared to its average volume of 106,382. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.25 and a current ratio of 2.07. The stock has a market capitalization of $2.79 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.81 and a beta of 1.23. Watts Water Technologies Inc has a twelve month low of $61.17 and a twelve month high of $93.35.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Thursday, February 7th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $387.60 million for the quarter, compared to analysts’ expectations of $382.33 million. Watts Water Technologies had a net margin of 7.97% and a return on equity of 14.72%. Watts Water Technologies’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. Sell-side analysts predict that Watts Water Technologies Inc will post 4.11 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.07%. Watts Water Technologies’s dividend payout ratio is currently 22.46%.

WTS has been the topic of a number of recent research reports. Boenning Scattergood reaffirmed a “hold” rating on shares of Watts Water Technologies in a report on Monday, November 5th. Oppenheimer reaffirmed a “hold” rating on shares of Watts Water Technologies in a report on Sunday, November 4th. Janney Montgomery Scott cut shares of 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 report on Monday. Finally, Seaport Global Securities raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, December 4th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $89.50.

In other Watts Water Technologies news, insider Elie Melhem sold 9,173 shares of the business’s stock in a transaction on Monday, December 10th. The shares were sold at an average price of $69.91, for a total value of $641,284.43. Following the transaction, the insider now directly owns 29,991 shares of the company’s stock, valued at approximately $2,096,670.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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About Watts Water Technologies

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. It 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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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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