Watts Water Technologies, Inc. (NYSE:WTS) Shares Bought by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC grew its position in Watts Water Technologies, Inc. (NYSE:WTS) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,329 shares of the technology company’s stock after acquiring an additional 11,955 shares during the period. Watts Water Technologies comprises 1.6% of Birch Hill Investment Advisors LLC’s portfolio, making the stock its 22nd largest holding. Birch Hill Investment Advisors LLC owned 0.51% of Watts Water Technologies worth $34,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WTS. Andina Capital Management LLC boosted its holdings in Watts Water Technologies by 3.3% in the 3rd quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock valued at $342,000 after purchasing an additional 52 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of 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 buying an additional 58 shares in the last quarter. Portside Wealth Group LLC grew its holdings in Watts Water Technologies by 2.5% during the third quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company’s stock worth $517,000 after acquiring an additional 60 shares during the period. Empowered Funds LLC lifted its holdings in Watts Water Technologies by 3.8% in the fourth quarter. Empowered Funds LLC now owns 1,652 shares of the technology company’s stock valued at $336,000 after acquiring an additional 60 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Watts Water Technologies by 1.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock worth $1,085,000 after purchasing an additional 65 shares in the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Watts Water Technologies Stock Performance

NYSE:WTS opened at $205.14 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $6.84 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 3.39 and a beta of 0.93. The firm has a 50-day moving average price of $208.05 and a two-hundred day moving average price of $203.03. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $222.70.

Watts Water Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.84%. Watts Water Technologies’s dividend payout ratio (DPR) is 20.62%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WTS shares. Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a report on Monday, November 4th. 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 for the company. Finally, Stifel Nicolaus boosted their price target on Watts Water Technologies from $202.00 to $218.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $220.50.

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.