State of Alaska Department of Revenue grew its position in shares of Watts Water Technologies Inc (NYSE:WTS) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 9,427 shares of the technology company’s stock after purchasing an additional 116 shares during the period. State of Alaska Department of Revenue’s holdings in Watts Water Technologies were worth $878,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. FMR LLC grew its stake in shares of Watts Water Technologies by 70.0% in the 4th quarter. FMR LLC now owns 425 shares of the technology company’s stock worth $27,000 after buying an additional 175 shares during the last quarter. Strs Ohio purchased a new stake in Watts Water Technologies during the 1st quarter valued at $32,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Watts Water Technologies during the 2nd quarter valued at $38,000. Quadrant Capital Group LLC boosted its stake in Watts Water Technologies by 2,908.7% during the 1st quarter. Quadrant Capital Group LLC now owns 692 shares of the technology company’s stock valued at $54,000 after purchasing an additional 669 shares during the last quarter. Finally, Quantamental Technologies LLC boosted its stake in Watts Water Technologies by 87.5% during the 1st quarter. Quantamental Technologies LLC now owns 1,500 shares of the technology company’s stock valued at $121,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Several analysts have commented on the company. Stifel Nicolaus upgraded QUALCOMM from a “hold” rating to a “buy” rating and increased their target price for the company from $57.00 to $100.00 in a research note on Tuesday, April 16th. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. Janney Montgomery Scott upgraded BIO-TECHNE from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $270.00 in a research note on Tuesday, July 2nd. Finally, ValuEngine downgraded Welbilt from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Watts Water Technologies currently has an average rating of “Hold” and a consensus price target of $92.25.

WTS traded up $0.84 during trading on Friday, hitting $93.42. 98,539 shares of the company’s stock traded hands, compared to its average volume of 140,277. The business’s 50 day moving average is $90.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.27 and a quick ratio of 1.35. Watts Water Technologies Inc has a 12-month low of $61.17 and a 12-month high of $94.81. The firm has a market cap of $3.15 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The business had revenue of $388.70 million for the quarter, compared to the consensus estimate of $388.77 million. Watts Water Technologies had a return on equity of 14.93% and a net margin of 8.10%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. As a group, sell-side analysts anticipate that Watts Water Technologies Inc will post 4.05 earnings per share for the current fiscal year.

About Watts Water Technologies

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

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

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