Boston Trust Walden Corp Has $105.53 Million Position in Watts Water Technologies, Inc. (NYSE:WTS)

Boston Trust Walden Corp trimmed its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 519,098 shares of the technology company’s stock after selling 1,091 shares during the period. Boston Trust Walden Corp owned 1.56% of Watts Water Technologies worth $105,533,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WTS. Champlain Investment Partners LLC acquired a new position in Watts Water Technologies in the 3rd quarter valued at $47,238,000. Erste Asset Management GmbH acquired a new stake in shares of Watts Water Technologies in the third quarter valued at about $10,792,000. Allspring Global Investments Holdings LLC increased its stake in shares of Watts Water Technologies by 79.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 106,183 shares of the technology company’s stock worth $22,000,000 after purchasing an additional 47,123 shares during the period. Geode Capital Management LLC boosted its stake in Watts Water Technologies by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 741,743 shares of the technology company’s stock valued at $153,708,000 after purchasing an additional 30,688 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Watts Water Technologies by 89.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 61,968 shares of the technology company’s stock valued at $12,839,000 after purchasing an additional 29,332 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

NYSE:WTS opened at $206.40 on Monday. The stock has a fifty day moving average of $209.06 and a 200 day moving average of $202.81. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 24.75, a P/E/G ratio of 3.38 and a beta of 0.93. Watts Water Technologies, Inc. has a 52-week low of $175.37 and a 52-week high of $222.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Watts Water Technologies from $202.00 to $218.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price target for the company. Finally, Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $220.50.

Insider Activity

In related news, CEO Robert J. Pagano, Jr. sold 20,810 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $212.20, for a total transaction of $4,415,882.00. Following the completion of the sale, the chief executive officer now owns 176,045 shares in the company, valued at approximately $37,356,749. This trade represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Kenneth Robert Lepage sold 2,607 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.72, for a total transaction of $554,561.04. Following the transaction, the general counsel now directly owns 11,457 shares of the company’s stock, valued at $2,437,133.04. The trade was a 18.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,545 shares of company stock valued at $6,257,140. Corporate insiders own 1.10% of the company’s stock.

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.