Comerica Bank decreased its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,649 shares of the technology company’s stock after selling 1,578 shares during the period. Comerica Bank owned approximately 0.17% of Watts Water Technologies worth $3,701,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Watts Water Technologies by 14,402.8% in the first quarter. BlackRock Inc. now owns 3,566,232 shares of the technology company’s stock valued at $222,353,000 after buying an additional 3,541,642 shares during the last quarter. Vanguard Group Inc. raised its stake in Watts Water Technologies by 8.6% in the first quarter. Vanguard Group Inc. now owns 2,590,860 shares of the technology company’s stock valued at $161,541,000 after buying an additional 205,883 shares during the last quarter. Impax Asset Management LTD raised its stake in Watts Water Technologies by 28.2% in the first quarter. Impax Asset Management LTD now owns 2,018,429 shares of the technology company’s stock valued at $125,846,000 after buying an additional 444,528 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Watts Water Technologies by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 923,897 shares of the technology company’s stock valued at $57,605,000 after buying an additional 20,976 shares during the last quarter. Finally, State Street Corp raised its stake in Watts Water Technologies by 9.1% in the first quarter. State Street Corp now owns 654,752 shares of the technology company’s stock valued at $40,818,000 after buying an additional 54,740 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Watts Water Technologies, Inc. (NYSE WTS) opened at 61.35 on Thursday. Watts Water Technologies, Inc. has a 1-year low of $58.35 and a 1-year high of $71.05. The stock’s 50 day moving average is $63.97 and its 200 day moving average is $62.90. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 23.96 and a beta of 1.07.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.19 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.76 dividend on an annualized basis and a yield of 1.24%. Watts Water Technologies’s dividend payout ratio is presently 29.69%.

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WTS has been the topic of several recent analyst reports. BidaskClub lowered shares of Watts Water Technologies from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Watts Water Technologies in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Watts Water Technologies currently has a consensus rating of “Hold” and an average price target of $64.50.

In related news, insider Elie Melhem sold 3,306 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $62.11, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

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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