Voleon Capital Management LP Makes New Investment in Watts Water Technologies, Inc. (NYSE:WTS)

Voleon Capital Management LP acquired a new position in Watts Water Technologies, Inc. (NYSE:WTS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,068 shares of the technology company’s stock, valued at approximately $1,030,000.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp boosted its holdings in shares of Watts Water Technologies by 11.4% in the fourth quarter. Northern Trust Corp now owns 398,341 shares of the technology company’s stock worth $80,983,000 after buying an additional 40,738 shares during the period. The Manufacturers Life Insurance Company raised its stake in Watts Water Technologies by 8.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 67,012 shares of the technology company’s stock valued at $13,624,000 after purchasing an additional 5,044 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Watts Water Technologies in the fourth quarter worth $1,916,000. Integrated Wealth Concepts LLC grew its holdings in shares of Watts Water Technologies by 6.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,713 shares of the technology company’s stock valued at $348,000 after buying an additional 110 shares in the last quarter. Finally, MGO One Seven LLC raised its position in Watts Water Technologies by 14.5% during the fourth quarter. MGO One Seven LLC now owns 2,137 shares of the technology company’s stock valued at $434,000 after buying an additional 271 shares during the period. Institutional investors own 95.02% of the company’s stock.

Insiders Place Their Bets

In related news, insider Elie Melhem sold 4,397 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the transaction, the insider now directly owns 10,469 shares of the company’s stock, valued at approximately $2,204,038.57. This trade represents a 29.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Watts Water Technologies Trading Up 0.4 %

Shares of NYSE WTS opened at $207.67 on Thursday. The business has a 50 day simple moving average of $204.41 and a 200 day simple moving average of $207.01. Watts Water Technologies, Inc. has a 52 week low of $175.37 and a 52 week high of $232.60. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 3.42 and a beta of 0.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.65 and a current ratio of 2.59.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. On average, research 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 business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.83%. Watts Water Technologies’s dividend payout ratio (DPR) is currently 19.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WTS shares. Stifel Nicolaus upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $219.00 to $229.00 in a research report on Wednesday, April 16th. The Goldman Sachs Group boosted their price objective on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $222.00.

About Watts Water Technologies

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.