Xact Kapitalforvaltning AB purchased a new stake in Watts Water Technologies (NYSE:WTS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,944 shares of the technology company’s stock, valued at approximately $224,000.
Other hedge funds have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in shares of Watts Water Technologies in the 4th quarter valued at $112,000. Sawgrass Asset Management LLC acquired a new position in shares of Watts Water Technologies in the 4th quarter valued at $270,000. Koch Industries Inc. grew its holdings in shares of Watts Water Technologies by 22.0% in the 4th quarter. Koch Industries Inc. now owns 3,821 shares of the technology company’s stock valued at $290,000 after buying an additional 690 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Watts Water Technologies in the 4th quarter valued at $330,000. Finally, Invictus RG acquired a new position in shares of Watts Water Technologies in the 4th quarter valued at $377,000. 77.22% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 19th. Boenning Scattergood lowered shares of Watts Water Technologies from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 21st. Stifel Nicolaus reissued a “buy” rating and issued a $90.00 price target (down previously from $95.00) on shares of Watts Water Technologies in a report on Wednesday, February 14th. Northcoast Research set a $90.00 price target on shares of Watts Water Technologies and gave the company a “buy” rating in a report on Friday, January 19th. Finally, Robert W. Baird reissued a “hold” rating and issued a $80.00 price target on shares of Watts Water Technologies in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $80.40.
WTS opened at $78.35 on Tuesday. The firm has a market capitalization of $2,618.20, a P/E ratio of 25.94, a P/E/G ratio of 1.77 and a beta of 1.10. Watts Water Technologies has a 12 month low of $59.15 and a 12 month high of $84.25. The company has a current ratio of 2.39, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57.
Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $366.30 million for the quarter, compared to analysts’ expectations of $365.35 million. Watts Water Technologies had a net margin of 5.02% and a return on equity of 12.93%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. equities analysts forecast that Watts Water Technologies will post 3.63 EPS for the current year.
Watts Water Technologies Profile
Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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