Public Sector Pension investment Board trimmed its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 28.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,371 shares of the technology company’s stock after selling 5,800 shares during the quarter. Public Sector Pension investment Board’s holdings in Watts Water Technologies were worth $908,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Watts Water Technologies by 14,402.8% during the 1st quarter. BlackRock Inc. now owns 3,566,232 shares of the technology company’s stock worth $222,353,000 after acquiring an additional 3,541,642 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Watts Water Technologies by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 2,590,860 shares of the technology company’s stock worth $161,541,000 after acquiring an additional 205,883 shares during the last quarter. Palisade Capital Management LLC NJ grew its holdings in shares of Watts Water Technologies by 71.6% in the 2nd quarter. Palisade Capital Management LLC NJ now owns 182,026 shares of the technology company’s stock worth $11,504,000 after acquiring an additional 75,934 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Watts Water Technologies by 106.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 128,975 shares of the technology company’s stock worth $8,042,000 after acquiring an additional 66,645 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Watts Water Technologies by 21.1% in the 2nd quarter. TimesSquare Capital Management LLC now owns 362,960 shares of the technology company’s stock worth $22,939,000 after acquiring an additional 63,200 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Watts Water Technologies, Inc. (NYSE:WTS) opened at 69.10 on Wednesday. The stock has a market capitalization of $2.36 billion, a PE ratio of 26.99 and a beta of 1.08. Watts Water Technologies, Inc. has a 52-week low of $58.35 and a 52-week high of $71.05. The firm’s 50-day moving average is $64.75 and its 200 day moving average is $63.28.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $378.50 million during the quarter, compared to analysts’ expectations of $379.51 million. Watts Water Technologies had a return on equity of 12.84% and a net margin of 6.27%. Watts Water Technologies’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. On average, equities analysts forecast that Watts Water Technologies, Inc. will post $2.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.10%. The ex-dividend date was Wednesday, August 30th. Watts Water Technologies’s payout ratio is 29.69%.

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WTS has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on Watts Water Technologies in a report on Monday, September 18th. They set a “buy” rating and a $72.00 target price for the company. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Monday, September 18th. Zacks Investment Research raised Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Tuesday. Cowen and Company reissued a “hold” rating and issued a $58.00 price target on shares of Watts Water Technologies in a research note on Thursday, September 28th. Finally, BidaskClub upgraded Watts Water Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $70.80.

In related news, insider Elie Melhem sold 3,306 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $62.11, for a total transaction of $205,335.66. Following the completion of the transaction, the insider now owns 32,128 shares in the company, valued at $1,995,470.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.

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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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