JPMorgan Chase & Co. lifted its holdings in Watts Water Technologies, Inc. (NYSE:WTS) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,085 shares of the technology company’s stock after purchasing an additional 6,293 shares during the period. JPMorgan Chase & Co. owned about 0.31% of Watts Water Technologies worth $6,704,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Pacad Investment Ltd. boosted its holdings in shares of Watts Water Technologies by 50.5% in the second quarter. Pacad Investment Ltd. now owns 3,279 shares of the technology company’s stock worth $207,000 after buying an additional 1,100 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Watts Water Technologies by 5.7% during the second quarter. Principal Financial Group Inc. now owns 253,045 shares of the technology company’s stock valued at $15,992,000 after buying an additional 13,758 shares during the last quarter. Keybank National Association OH increased its holdings in Watts Water Technologies by 5.4% during the second quarter. Keybank National Association OH now owns 14,400 shares of the technology company’s stock valued at $910,000 after buying an additional 742 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in Watts Water Technologies by 22.1% during the second quarter. Great Lakes Advisors LLC now owns 43,823 shares of the technology company’s stock valued at $2,770,000 after buying an additional 7,944 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Watts Water Technologies by 10.7% during the second quarter. Victory Capital Management Inc. now owns 597,983 shares of the technology company’s stock valued at $37,793,000 after buying an additional 57,894 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

In other Watts Water Technologies news, insider Elie Melhem sold 3,306 shares of Watts Water Technologies stock in a transaction dated Friday, August 25th. The stock was 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 approximately $1,995,470.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

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Shares of Watts Water Technologies, Inc. (NYSE:WTS) opened at 69.10 on Wednesday. The company has a 50-day moving average of $64.75 and a 200 day moving average of $63.28. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 26.99 and a beta of 1.07. Watts Water Technologies, Inc. has a 12-month low of $58.35 and a 12-month high of $71.05.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given 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 dividend payout ratio is currently 29.69%.

Several research firms have weighed in on WTS. BidaskClub upgraded shares of Watts Water Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Watts Water Technologies in a research report on Wednesday, June 14th. Boenning Scattergood reissued an “outperform” rating on shares of Watts Water Technologies in a research report on Tuesday, September 5th. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Monday, September 18th. Finally, Stifel Nicolaus initiated coverage on Watts Water Technologies in a research note on Monday, September 18th. They issued a “buy” rating and a $72.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $70.80.

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.

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

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