Teachers Advisors LLC Raises Stake in Watts Water Technologies, Inc. (NYSE:WTS)

Teachers Advisors LLC lifted its position in Watts Water Technologies, Inc. (NYSE:WTS) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 49,559 shares of the technology company’s stock after purchasing an additional 2,463 shares during the quarter. Teachers Advisors LLC owned 0.14% of Watts Water Technologies worth $3,132,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Watts Water Technologies by 14,402.8% in the 1st quarter. BlackRock Inc. now owns 3,566,232 shares of the technology company’s stock worth $222,353,000 after purchasing an additional 3,541,642 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Watts Water Technologies by 10.7% during the 2nd quarter. Victory Capital Management Inc. now owns 597,983 shares of the technology company’s stock worth $37,793,000 after acquiring an additional 57,894 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Watts Water Technologies by 9.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 172,155 shares of the technology company’s stock worth $10,734,000 after acquiring an additional 14,482 shares during the last quarter. Morgan Stanley grew its holdings in Watts Water Technologies by 0.9% during the 1st quarter. Morgan Stanley now owns 162,153 shares of the technology company’s stock worth $10,110,000 after acquiring an additional 1,439 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its holdings in Watts Water Technologies by 3.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 15,700 shares of the technology company’s stock worth $979,000 after acquiring an additional 580 shares during the last quarter. 77.59% of the stock is currently owned by institutional investors and hedge funds.

Watts Water Technologies, Inc. (NYSE WTS) opened at 67.70 on Friday. Watts Water Technologies, Inc. has a 52-week low of $58.35 and a 52-week high of $71.05. The firm has a market capitalization of $2.31 billion, a P/E ratio of 26.45 and a beta of 1.08. The firm’s 50-day moving average is $67.10 and its 200-day moving average is $64.03.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.04. The company had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $379.51 million. Watts Water Technologies had a return on equity of 12.84% and a net margin of 6.27%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. On average, equities analysts expect that Watts Water Technologies, Inc. will post $2.99 earnings per share for the current year.

In other news, insider Elie Melhem sold 3,306 shares of the business’s 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 sale, the insider now directly owns 32,128 shares in the company, valued at $1,995,470.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

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A number of brokerages have commented on WTS. Zacks Investment Research lowered shares of Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Robert W. Baird reissued a “hold” rating and set a $71.00 price objective on shares of Watts Water Technologies in a report on Wednesday, October 4th. Cowen and Company reissued a “hold” rating and set a $58.00 price objective on shares of Watts Water Technologies in a report on Thursday, September 28th. Stifel Nicolaus began coverage on shares of Watts Water Technologies in a report on Monday, September 18th. They set a “buy” rating and a $72.00 price objective on the stock. Finally, Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Monday, September 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $70.83.

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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