Securian Asset Management Inc. Has $410,000 Stake in Watts Water Technologies, Inc. (NYSE:WTS)

Securian Asset Management Inc. decreased its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,019 shares of the technology company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Watts Water Technologies were worth $410,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. boosted its stake in Watts Water Technologies by 59.8% in the 4th 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. Jones Financial Companies Lllp boosted its stake in Watts Water Technologies by 660.3% in the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company’s stock valued at $113,000 after buying an additional 482 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Watts Water Technologies by 45.2% in the 4th quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company’s stock valued at $115,000 after buying an additional 176 shares in the last quarter. Leavell Investment Management Inc. acquired a new stake in Watts Water Technologies in the 4th quarter valued at $205,000. Finally, Quantinno Capital Management LP acquired a new stake in Watts Water Technologies in the 3rd quarter valued at $231,000. Institutional investors and hedge funds own 95.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Watts Water Technologies Trading Down 1.0 %

WTS stock opened at $211.82 on Wednesday. The company has a market cap of $7.06 billion, a P/E ratio of 24.38, a PEG ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a twelve month low of $175.37 and a twelve month high of $232.60. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $210.31 and a 200-day moving average of $207.11.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. As a group, equities research analysts expect that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Dividend Announcement

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

Insider Transactions at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the completion of the sale, the insider now owns 10,469 shares in the company, valued at approximately $2,204,038.57. This represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Watts Water Technologies 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.