Edgestream Partners L.P. Trims Stock Position in Watts Water Technologies, Inc. (NYSE:WTS)

Edgestream Partners L.P. cut its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 33.8% in the 4th quarter, Holdings Channel reports. The fund owned 10,010 shares of the technology company’s stock after selling 5,122 shares during the quarter. Edgestream Partners L.P.’s holdings in Watts Water Technologies were worth $2,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WTS. Arizona State Retirement System grew its holdings in shares of Watts Water Technologies by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,950 shares of the technology company’s stock worth $1,616,000 after acquiring an additional 56 shares during the period. UMB Bank n.a. grew its holdings in shares of Watts Water Technologies by 59.8% in the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock worth $32,000 after acquiring an additional 58 shares during the period. Andina Capital Management LLC grew its holdings in shares of Watts Water Technologies by 3.5% in the 4th quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company’s stock worth $347,000 after acquiring an additional 58 shares during the period. Empowered Funds LLC grew its holdings in shares of Watts Water Technologies by 3.8% in the 4th quarter. Empowered Funds LLC now owns 1,652 shares of the technology company’s stock worth $336,000 after acquiring an additional 60 shares during the period. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of Watts Water Technologies by 1.3% in the 3rd 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 period. Institutional investors and hedge funds own 95.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price target on the stock. The Goldman Sachs Group increased their target price on Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Stifel Nicolaus increased their target price 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, Watts Water Technologies presently has a consensus rating of “Hold” and an average price target of $220.00.

Watts Water Technologies Price Performance

Shares of NYSE:WTS opened at $214.96 on Monday. The business’s fifty day moving average price is $209.09 and its two-hundred day moving average price is $206.21. The stock has a market cap of $7.16 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. 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, Inc. has a one year low of $175.37 and a one year high of $232.60.

Watts Water Technologies (NYSE:WTS) last issued its quarterly 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 return on equity of 18.08% and a net margin of 12.93%. On average, analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

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

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.