Swiss National Bank maintained its stake in Watts Water Technologies, Inc. (NYSE:WTS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,600 shares of the technology company’s stock at the close of the second quarter. Swiss National Bank owned about 0.13% of Watts Water Technologies worth $2,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of WTS. BlackRock Inc. increased its position in shares of Watts Water Technologies by 14,402.8% during the first 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 during the period. Vanguard Group Inc. increased its position in shares of Watts Water Technologies by 8.6% during the first 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 period. Victory Capital Management Inc. increased its position in shares of Watts Water Technologies by 24.6% during the first quarter. Victory Capital Management Inc. now owns 540,089 shares of the technology company’s stock worth $33,674,000 after acquiring an additional 106,590 shares during the period. Palisade Capital Management LLC NJ increased its position in shares of Watts Water Technologies by 71.6% during the second 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 period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Watts Water Technologies by 106.9% during the first 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 period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Watts Water Technologies from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Watts Water Technologies in a research report on Tuesday, September 5th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Watts Water Technologies in a research report on Wednesday, June 14th. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Monday, September 18th. Finally, Stifel Nicolaus began coverage on shares of Watts Water Technologies in a research report on Monday, September 18th. They set a “buy” rating and a $72.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $68.75.

Watts Water Technologies, Inc. (NYSE:WTS) opened at 69.20 on Friday. The company has a market capitalization of $2.37 billion, a P/E ratio of 27.03 and a beta of 1.06. The stock’s 50 day moving average is $63.54 and its 200-day moving average is $62.76. Watts Water Technologies, Inc. has a 1-year low of $58.35 and a 1-year high of $71.05.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $378.50 million for the quarter, compared to the consensus estimate of $379.51 million. During the same period in the prior year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts expect that Watts Water Technologies, Inc. will post $2.99 earnings per share for the current fiscal year.

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

In other Watts Water Technologies news, insider Elie Melhem sold 3,306 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $62.11, for a total value of $205,335.66. Following the sale, the insider now directly owns 32,128 shares of the company’s stock, valued at approximately $1,995,470.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

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About Watts Water Technologies

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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