California State Teachers Retirement System decreased its holdings in shares of Watts Water Technologies Inc (NYSE:WTS) by 9.6% during the third quarter, HoldingsChannel.com reports. The firm owned 44,529 shares of the technology company’s stock after selling 4,754 shares during the period. California State Teachers Retirement System’s holdings in Watts Water Technologies were worth $3,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Watts Water Technologies by 5.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 719,108 shares of the technology company’s stock valued at $45,448,000 after purchasing an additional 36,723 shares during the period. AHL Partners LLP increased its position in Watts Water Technologies by 47.6% during the 2nd quarter. AHL Partners LLP now owns 60,511 shares of the technology company’s stock valued at $3,824,000 after purchasing an additional 19,513 shares during the period. Legal & General Group Plc increased its position in Watts Water Technologies by 8.7% during the 2nd quarter. Legal & General Group Plc now owns 54,436 shares of the technology company’s stock valued at $3,440,000 after purchasing an additional 4,375 shares during the period. Palisade Capital Management LLC NJ increased its position in Watts Water Technologies by 10.5% during the 3rd quarter. Palisade Capital Management LLC NJ now owns 201,205 shares of the technology company’s stock valued at $13,923,000 after purchasing an additional 19,179 shares during the period. Finally, Guyasuta Investment Advisors Inc. increased its position in Watts Water Technologies by 10.6% during the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 20,800 shares of the technology company’s stock valued at $1,439,000 after purchasing an additional 2,000 shares during the period. 77.55% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on WTS. Robert W. Baird restated a “hold” rating and set a $71.00 price objective on shares of Watts Water Technologies in a research note on Wednesday, October 4th. Northcoast Research upgraded shares of 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. Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $79.00 price objective on shares of Watts Water Technologies in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $73.83.

Watts Water Technologies Inc (WTS) opened at $75.90 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. The firm has a market cap of $2,590.00, a P/E ratio of 28.22, a PEG ratio of 1.94 and a beta of 1.16. Watts Water Technologies Inc has a 1-year low of $59.15 and a 1-year high of $78.05.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The firm had revenue of $347.70 million during the quarter, compared to analyst estimates of $361.22 million. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. sell-side analysts anticipate that Watts Water Technologies Inc will post 3.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, November 30th. Watts Water Technologies’s dividend payout ratio (DPR) is 28.25%.

In other news, insider Elie Melhem sold 2,545 shares of Watts Water Technologies stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total transaction of $179,371.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of Watts Water Technologies stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $73.53, for a total transaction of $871,477.56. Following the transaction, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at $10,108,463.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,348 shares of company stock valued at $1,339,628. 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.

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

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