Aigen Investment Management LP Purchases New Position in Watts Water Technologies, Inc. (NYSE:WTS)

Aigen Investment Management LP acquired a new stake in Watts Water Technologies, Inc. (NYSE:WTS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,206 shares of the technology company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. increased its holdings in shares of Watts Water Technologies by 59.8% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock worth $32,000 after buying an additional 58 shares in the last quarter. Jones Financial Companies Lllp increased its holdings 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 worth $113,000 after purchasing an additional 482 shares in the last quarter. Leavell Investment Management Inc. bought a new position in Watts Water Technologies in the fourth quarter valued at about $205,000. Quantinno Capital Management LP acquired a new stake in shares of Watts Water Technologies during the third quarter valued at about $231,000. Finally, FORA Capital LLC bought a new stake in shares of Watts Water Technologies during the third quarter worth about $235,000. Institutional investors own 95.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WTS shares. The Goldman Sachs Group raised their price objective on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Watts Water Technologies has an average rating of “Hold” and a consensus price target of $220.00.

Watts Water Technologies Stock Performance

NYSE:WTS opened at $214.96 on Monday. The company has a market capitalization of $7.16 billion, a PE ratio of 24.74, a P/E/G ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $232.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59. The company has a 50 day simple moving average of $209.09 and a two-hundred day simple moving average of $206.21.

Watts Water Technologies (NYSE:WTS) last announced 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 net margin of 12.93% and a return on equity of 18.08%. Research analysts anticipate that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. Watts Water Technologies’s payout ratio is 19.79%.

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.