Assenagon Asset Management S.A. Has $15.01 Million Stock Holdings in Watts Water Technologies, Inc. $WTS

Assenagon Asset Management S.A. lifted its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 122.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,381 shares of the technology company’s stock after purchasing an additional 29,942 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Watts Water Technologies were worth $15,010,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WTS. Integrated Wealth Concepts LLC increased its position in shares of Watts Water Technologies by 10.2% in the first quarter. Integrated Wealth Concepts LLC now owns 1,887 shares of the technology company’s stock worth $385,000 after purchasing an additional 174 shares during the period. Jones Financial Companies Lllp lifted its position in Watts Water Technologies by 80.2% during the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the technology company’s stock worth $222,000 after purchasing an additional 445 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Watts Water Technologies by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,878 shares of the technology company’s stock worth $20,163,000 after buying an additional 7,537 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Watts Water Technologies during the second quarter worth about $219,000. Finally, Cetera Investment Advisers increased its holdings in Watts Water Technologies by 43.2% in the 2nd quarter. Cetera Investment Advisers now owns 1,734 shares of the technology company’s stock valued at $426,000 after buying an additional 523 shares during the period. 95.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WTS. Weiss Ratings restated a “buy (b)” rating on shares of Watts Water Technologies in a research report on Monday, December 29th. Robert W. Baird set a $361.00 price objective on shares of Watts Water Technologies in a research note on Friday, February 13th. KeyCorp boosted their price objective on shares of Watts Water Technologies from $340.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. TD Cowen restated a “hold” rating on shares of Watts Water Technologies in a research note on Thursday, January 8th. Finally, Wells Fargo & Company set a $275.00 target price on Watts Water Technologies in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $334.11.

Insider Transactions at Watts Water Technologies

In related news, CEO Robert J. Pagano, Jr. sold 16,066 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $327.31, for a total value of $5,258,562.46. Following the sale, the chief executive officer owned 191,202 shares of the company’s stock, valued at $62,582,326.62. The trade was a 7.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Timothy P. Horne sold 7,500 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $330.04, for a total value of $2,475,300.00. Following the completion of the sale, the insider owned 7,500 shares of the company’s stock, valued at $2,475,300. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 29,674 shares of company stock worth $9,669,838. 1.00% of the stock is currently owned by insiders.

Watts Water Technologies Stock Performance

Shares of WTS stock opened at $290.62 on Friday. The business’s 50-day moving average price is $309.84 and its 200-day moving average price is $288.91. Watts Water Technologies, Inc. has a 12 month low of $177.59 and a 12 month high of $345.17. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.70 and a beta of 1.23. The company has a current ratio of 2.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.10.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.26. The company had revenue of $625.10 million during the quarter, compared to the consensus estimate of $610.40 million. Watts Water Technologies had a return on equity of 18.55% and a net margin of 13.98%.The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 earnings per share. Equities research analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $0.52 dividend. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, February 27th. Watts Water Technologies’s dividend payout ratio is 20.45%.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.

The company’s product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.