Aigen Investment Management LP Invests $580,000 in Watts Water Technologies, Inc. (NYSE:WTS)

Aigen Investment Management LP purchased a new stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,786 shares of the technology company’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds have also bought and sold shares of WTS. Quest Partners LLC bought a new position in shares of Watts Water Technologies in the 4th quarter worth about $115,000. Corient Private Wealth LLC boosted its stake in shares of Watts Water Technologies by 7.1% during the 4th quarter. Corient Private Wealth LLC now owns 3,160 shares of the technology company’s stock worth $658,000 after acquiring an additional 209 shares during the last quarter. UBS Group AG grew its position in shares of Watts Water Technologies by 32.3% during the 4th quarter. UBS Group AG now owns 36,660 shares of the technology company’s stock valued at $7,638,000 after acquiring an additional 8,942 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Watts Water Technologies during the fourth quarter valued at $3,550,000. Finally, Norges Bank bought a new stake in Watts Water Technologies during the fourth quarter valued at about $61,513,000. 95.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on WTS. Robert W. Baird raised their target price on shares of Watts Water Technologies from $212.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. Stifel Nicolaus raised their target price on shares of Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Watts Water Technologies has a consensus rating of “Hold” and a consensus price target of $199.50.

Insider Buying and Selling

In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 764 shares of Watts Water Technologies stock in a transaction on Monday, February 26th. The shares were sold at an average price of $199.00, for a total value of $152,036.00. Following the transaction, the insider now directly owns 14,236 shares of the company’s stock, valued at $2,832,964. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael J. Dubose sold 329 shares of Watts Water Technologies stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $197.91, for a total transaction of $65,112.39. Following the completion of the sale, the director now owns 2,392 shares of the company’s stock, valued at $473,400.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Timothy P. Horne sold 764 shares of Watts Water Technologies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $199.00, for a total transaction of $152,036.00. Following the sale, the insider now owns 14,236 shares of the company’s stock, valued at $2,832,964. The disclosure for this sale can be found here. Insiders sold a total of 4,664 shares of company stock worth $966,367 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Watts Water Technologies Stock Down 0.9 %

Shares of NYSE WTS opened at $211.90 on Thursday. Watts Water Technologies, Inc. has a 1 year low of $156.85 and a 1 year high of $219.52. The company has a market cap of $7.06 billion, a P/E ratio of 26.51, a PEG ratio of 3.14 and a beta of 0.95. The firm has a 50-day simple moving average of $207.05 and a two-hundred day simple moving average of $202.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.48 and a quick ratio of 1.44.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Wednesday, May 8th. The technology company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.22. The company had revenue of $570.90 million for the quarter, compared to analysts’ expectations of $547.20 million. Watts Water Technologies had a net margin of 12.53% and a return on equity of 19.61%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.92 EPS. Research analysts anticipate that Watts Water Technologies, Inc. will post 8.57 earnings per share for the current year.

Watts Water Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.43 dividend. This is a boost from Watts Water Technologies’s previous quarterly dividend of $0.36. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, May 31st. Watts Water Technologies’s dividend payout ratio (DPR) is currently 17.87%.

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.