Impax Asset Management Group plc Has $255.12 Million Position in Watts Water Technologies, Inc. (NYSE:WTS)

Impax Asset Management Group plc lessened its position in Watts Water Technologies, Inc. (NYSE:WTS) by 15.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,258,274 shares of the technology company’s stock after selling 233,702 shares during the period. Watts Water Technologies comprises approximately 1.2% of Impax Asset Management Group plc’s holdings, making the stock its 27th biggest holding. Impax Asset Management Group plc’s holdings in Watts Water Technologies were worth $255,117,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in 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 buying an additional 58 shares in the last quarter. CWM LLC raised its stake in shares of Watts Water Technologies by 24.4% in the third quarter. CWM LLC now owns 392 shares of the technology company’s stock valued at $81,000 after acquiring an additional 77 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Watts Water Technologies by 99.3% in the 3rd quarter. Blue Trust Inc. now owns 544 shares of the technology company’s stock worth $113,000 after acquiring an additional 271 shares in the last quarter. Leavell Investment Management Inc. acquired a new position in shares of Watts Water Technologies in the 4th quarter worth approximately $205,000. Finally, Quantinno Capital Management LP bought a new stake in Watts Water Technologies during the 3rd quarter worth approximately $231,000. Institutional investors own 95.02% of the company’s stock.

Watts Water Technologies Price Performance

Watts Water Technologies stock opened at $215.16 on Monday. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a 12-month low of $175.37 and a 12-month high of $232.60. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $208.06 and its 200 day simple moving average is $204.23.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating 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%. As a group, 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. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, February 28th. Watts Water Technologies’s payout ratio is 19.79%.

Analyst Upgrades and Downgrades

WTS has been the subject of several research analyst reports. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective for the company in a research report on Monday, November 4th. Stifel Nicolaus lifted their price target on Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. The Goldman Sachs Group boosted their target price on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They set a “hold” rating and a $240.00 target price on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Watts Water Technologies has a consensus rating of “Hold” and an average price target of $220.00.

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.