Watts Water Technologies, Inc. (NYSE:WTS) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its position in Watts Water Technologies, Inc. (NYSE:WTS) by 468.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,039 shares of the technology company’s stock after purchasing an additional 4,152 shares during the period. Exchange Traded Concepts LLC’s holdings in Watts Water Technologies were worth $1,024,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in Watts Water Technologies by 0.9% during the 3rd quarter. State Street Corp now owns 977,000 shares of the technology company’s stock worth $202,425,000 after purchasing an additional 8,314 shares during the period. Geode Capital Management LLC boosted its position in Watts Water Technologies by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 741,743 shares of the technology company’s stock valued at $153,708,000 after buying an additional 30,688 shares during the last quarter. Boston Trust Walden Corp increased its position in shares of Watts Water Technologies by 60.3% during the third quarter. Boston Trust Walden Corp now owns 520,189 shares of the technology company’s stock worth $107,778,000 after acquiring an additional 195,778 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Watts Water Technologies by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 316,407 shares of the technology company’s stock worth $65,556,000 after acquiring an additional 9,148 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Watts Water Technologies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 267,439 shares of the technology company’s stock valued at $55,411,000 after purchasing an additional 12,159 shares in the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WTS. Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price on the stock. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a report on Monday, November 4th. Finally, Stifel Nicolaus boosted their price target on Watts Water Technologies from $202.00 to $218.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Watts Water Technologies presently has an average rating of “Hold” and an average price target of $220.50.

Insider Activity

In other Watts Water Technologies news, insider Monica Barry sold 1,559 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $212.52, for a total transaction of $331,318.68. Following the sale, the insider now directly owns 4,430 shares in the company, valued at approximately $941,463.60. The trade was a 26.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Kenneth Robert Lepage sold 3,429 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $194.65, for a total value of $667,454.85. Following the sale, the general counsel now directly owns 14,064 shares in the company, valued at approximately $2,737,557.60. The trade was a 19.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,974 shares of company stock valued at $6,924,594. 1.10% of the stock is currently owned by company insiders.

Watts Water Technologies Stock Performance

Shares of NYSE WTS opened at $211.02 on Wednesday. The stock has a market capitalization of $7.03 billion, a P/E ratio of 25.30, a P/E/G ratio of 3.45 and a beta of 0.93. The firm’s 50-day moving average price is $209.23 and its two-hundred day moving average price is $202.42. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week 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.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $543.60 million during the quarter, compared to analyst estimates of $541.83 million. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 EPS. As a group, sell-side analysts forecast that Watts Water Technologies, Inc. will post 8.74 earnings per share for the current year.

About Watts Water Technologies

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.