Envestnet Portfolio Solutions Inc. Purchases 91 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

Envestnet Portfolio Solutions Inc. boosted its position in Watts Water Technologies, Inc. (NYSE:WTS) by 2.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,208 shares of the technology company’s stock after buying an additional 91 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Watts Water Technologies were worth $652,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WTS. Arizona State Retirement System raised its position in shares of Watts Water Technologies by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,950 shares of the technology company’s stock valued at $1,616,000 after acquiring an additional 56 shares during the last quarter. UMB Bank n.a. increased its holdings in Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock valued at $32,000 after purchasing an additional 58 shares during the last quarter. Andina Capital Management LLC lifted its stake in Watts Water Technologies by 3.5% in the fourth quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company’s stock valued at $347,000 after buying an additional 58 shares during the period. Empowered Funds LLC boosted its holdings in Watts Water Technologies by 3.8% during the fourth quarter. Empowered Funds LLC now owns 1,652 shares of the technology company’s stock worth $336,000 after buying an additional 60 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Watts Water Technologies by 3.4% during the 3rd quarter. M&T Bank Corp now owns 2,272 shares of the technology company’s stock worth $471,000 after buying an additional 74 shares during the period. 95.02% of the stock is owned by institutional investors.

Watts Water Technologies Stock Performance

Shares of WTS stock opened at $212.69 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $232.60. The company’s 50 day moving average price is $211.22 and its two-hundred day moving average price is $207.61. The company has a market capitalization of $7.09 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. On average, analysts expect that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.81%. The ex-dividend date was Friday, February 28th. Watts Water Technologies’s payout ratio is 19.79%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WTS shares. Stifel Nicolaus increased their price target on shares of Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Watts Water Technologies has an average rating of “Hold” and a consensus price target of $220.00.

Insiders Place Their Bets

In other Watts Water Technologies news, insider Elie Melhem sold 4,397 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $210.53, for a total transaction of $925,700.41. Following the sale, the insider now directly owns 10,469 shares of the company’s stock, valued at $2,204,038.57. The trade was a 29.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.10% of the company’s stock.

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.