Aigen Investment Management LP Invests $245,000 in Watts Water Technologies, Inc. (NYSE:WTS)

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

A number of other large investors have also added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings 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 purchasing an additional 58 shares during the last quarter. Andina Capital Management LLC boosted its holdings in shares of Watts Water Technologies by 3.5% during the 4th quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company’s stock worth $347,000 after buying an additional 58 shares during the period. Empowered Funds LLC grew its stake in Watts Water Technologies by 3.8% in the 4th quarter. Empowered Funds LLC now owns 1,652 shares of the technology company’s stock valued at $336,000 after buying an additional 60 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Watts Water Technologies by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 5,238 shares of the technology company’s stock worth $1,085,000 after acquiring an additional 65 shares during the last quarter. Finally, M&T Bank Corp lifted its position in Watts Water Technologies by 3.4% during the third quarter. M&T Bank Corp now owns 2,272 shares of the technology company’s stock worth $471,000 after acquiring an additional 74 shares during the last quarter. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

Shares of NYSE WTS opened at $214.96 on Monday. The stock 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 current ratio of 2.59 and a quick ratio of 1.65. The business has a fifty day moving average price of $209.09 and a two-hundred day moving average price of $206.21.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, beating 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 analysts predict that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current fiscal year.

Watts Water Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 0.80%. Watts Water Technologies’s dividend payout ratio (DPR) is 19.79%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They set a “hold” rating and a $240.00 target price on the stock. Stifel Nicolaus lifted their target price on Watts Water Technologies from $218.00 to $219.00 and gave the stock a “hold” rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group upped their price target on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $220.00.

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.